CBD 2050
  • Cannabis News
  • CBD News
  • Hemp News
  • Marijuana News
  • Vape News
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

CBD 2050

  • Cannabis News
  • CBD News
  • Hemp News
  • Marijuana News
  • Vape News
Marijuana News

Largest Marijuana Dispensary in Illinois Opens in Schaumburg

by Sophia Miller August 7, 2020
written by Sophia Miller August 7, 2020
Largest Marijuana Dispensary in Illinois Opens in Schaumburg

The largest marijuana dispensary in Illinois spread over 11,500 sq.ft. opened on Thursday, August 3, in suburban Schaumburg, next to the famous Woodfield Mall. People reached Sunnyside dispensary from distant locations to purchase cannabis products.

The Ninth Sunnyside Dispensary

Jason Erkes, a spokesperson for Cresco Labs, said that it is the ninth store for Sunnyside dispensary that has been opened in Illinois and the nineteenth in the country.

It is worth mentioning here that in Illinois, more than the expected sale of cannabis is the only bright spot in a state that is presently financially strapped. Illinois was expected to follow an equity centric approach while dispensary licenses are awarded. But, that has not happened yet and as such, community groups of smaller size are still struggling to get licenses.

Potential of Higher Tax Revenues

The mood was quite upbeat at Schaumburg and the mayor, as well as village officials present at the opening, were pleased due to the prospect that Schaumburg will earn higher tax revenues. The village will be receiving 3% from sales occurring at the dispensary.

An interesting fact is that customers are willing to purchase cannabis products by paying about forty percent in taxes, which includes municipal, county, and state taxes that are levied on cannabis products.

Tony Domino, a resident of Schaumburg, said that he is pleased that the local government will be getting the much-needed sales tax and revenue since nothing else is happening right now due to the COVID-19 pandemic.

Michelle Mussman, State Rep., said that she is excited and hopes that such new revenue streams will prove to be useful in progressing social justice initiatives that Illinois is taking.

Sophia Miller

Sophia Miller has 6 years of experience as an academic researcher. She specializes in hemp drug and makes people about benefits of hemp via her blogs and by conducting seminars. She is a news editor of our team since 5 years.

previous post
Will COVID-19 Outbreak Pose Threat to Cannabis Patients? Find Out Here
next post
US Federal Court orders California regulators to comply with DEA

You may also like

DEA Opens Doors for Marijuana Medical Research

December 19, 2020

Maine’s Office of Marijuana Policy Issues Guidelines With...

February 22, 2020

The Benefits of Marijuana No One Tells You...

October 24, 2019

Recent Posts

  • Falling Prices of Cannabis Bringing Loss for Northern California Farmers

    August 24, 2021
  • Wellfully & Dolce Cann Global to Better Med-Weed Products

    December 22, 2020
  • Cannabis Getting Ready to Rev Up Revenue in CT

    December 21, 2020
  • DEA Opens Doors for Marijuana Medical Research

    December 19, 2020
  • WeedMD Introduces Saturday Cannabis Vape Products in Ontario

    December 18, 2020

Keep in touch

Facebook Twitter

Categories

  • Cannabis News
  • CBD News
  • Hemp News
  • Marijuana News
  • Vape News
  • Facebook
  • Twitter
Footer Logo
  • Cannabis News
  • CBD News
  • Hemp News
  • Marijuana News
  • Vape News

CBD 2050 offers you the most recent news updates about cannabidiol and it's products. So that, you can stay informed about the latest trends of CBD industry. Grab all the latest breaking news on CBD. We have a complete collection of news, stories and product informative articles on cannabidiol.

Email: contact@cbd2050.com

  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2023. CBD 2050. All Rights Reserved.