The city of Ottawa, Ill. is debating what to do with its local cannabis tax revenue.
Illinois legalized cannabis for recreational use in Jan. 2020. According to a recent report from the Chicago Tribune, the state generated US$1.03 billion ($1.3 billion) across medical and recreational channels in the first year of sales.
Total figures for 2021 are not yet available, but the state is reportedly on track to generate $1.8 billion ($2.3 billion) in sales.
Last August, Michigan used the funds raised by recreational cannabis taxes to award the Multidisciplinary Association for Psychedelic Studies (MAPS) a nearly US$13 million ($16.5 million) grant to continue its investigation into the treatment of post-traumatic stress disorder (PTSD) with cannabis.
The funding was allocated through the 2021 Veteran Marijuana Research Grant Program and will go towards conducting a second randomized, controlled trial to test the therapeutic potential
Read full article on The Growth Op
