Posted by Gary62040 on April 1, 2020, 11:35 am, in reply to "Re: New business "
At the local level, Collinsville brought in $125,000 in sales tax from the dispensary in January. The city currently taxes marijuana sales at 2.25%, but that will jump to 5.25% in July.
In 2020, the city expects to bring in between $1.5 million and $2 million in sales from the dispensary, more than initial conservative projections. That money goes to capital projects.