NEWS

Think marijuana’s expensive now? Wait till summer. Taxes kicking in July 1 will boost your recreational pot bill and make Illinois levies the second-highest in the country. JOHN PLETZ , Crain’s Chicago Business.

Think marijuana’s expensive now? Wait till summer.

Taxes kicking in July 1 will boost your recreational pot bill and make Illinois levies the second-highest in the country.

Marijuana customers are in for sticker shock on July 1.

Right now, state and local sales taxes, plus a state cannabis excise tax, are taking a bite of 20.25 percent to 35.25 percent in the city and county, depending on the potency of the pot being bought.

But additional local weed taxes that aren’t yet being collected—3 percent each for the cities and counties—could drive the tax bite to 41.25 percent. Among the 11 states with legal recreational weed, only the state of Washington is higher, at 47 percent.

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