In Illinois, the cost of medical marijuana in dispensaries is influenced by factors like cannabis strain, ingestion method, and weed quality. In the state, the average cost of 1 ounce of high quality marijuana is $354 while the same quantity of medium quality marijuana costs $297. Meanwhile, the average cost of a high quality cannabis joint (0.66 grams) in Illinois dispensaries is $8.23.
No. Cannabis dispensaries in Illinois do not accept credit cards for in-store or online purchases of medical cannabis. Banks and credit card companies do not process cannabis-related transactions due to its federal classification as a Schedule I substance. However, these dispensaries accept cash and debit cards for medical marijuana orders.
Yes. Medical marijuana in Illinois is subject to a 1% State Retailers’ Occupation Tax and a medical cannabis cultivation privilege tax calculated as 7% of the sales price per ounce of marijuana sold by the cultivation center.
In Illinois, adult-use cannabis is subject to a 6.25% State Retailers’ Occupation Tax and 7% tax on the gross receipt on the first sale of cannabis by a cultivator to a dispensary organization. Illinois also imposes a Cannabis Purchaser Excise Tax based on the purchase price of cannabis and cannabis products. This is calculated at the following rate:
Furthermore, adult-use cannabis is subject to Local Retailers’ Occupation Tax imposed by municipalities and counties. The Municipal Cannabis Occupation Tax and Cannabis County Retailers’ Occupation Tax are imposed on the gross receipts from sales of adult-use cannabis. With many more taxes on adult-use marijuana, it is likely to cost more than medical marijuana in Illinois.
Currently, Illinois does not have a program that offers lower medical marijuana prices to certain groups of registered patients. However, medical marijuana patients can save on the costs of their preferred cannabis products by taking advantage of deals and loyalty programs provided by licensed dispensaries in the state. Some dispensaries offer up to 15% discount on cannabis and cannabis products purchased by veterans and seniors. Furthermore, medical marijuana patients in Illinois can do the following to save money at dispensaries: