Naperville, Illinois Mayor Expects Half a Million in Tax Revenues Per Adult Use Dispensary

Takeaways from the recent "Let's Talk Cannabis" panel at the Municipal Center...

Indivisible Naperville recently hosted a panel discussion at the Naperville, Illinois Municipal Center to go over some of the potential perks of legalizing recreational cannabis sales in the City of Naperville.

Incorporated in 1831, Naperville now prides itself on being the fourth largest city in Illinois.

Mayor Cherico in Support of Legalization

Mayor Steve Cherico, Mayor of the City of Naperville, showed up to the event in support of adult-use marijuana legalization.

“I really want to just debunk some of the comments that have been made publicly at City Council meetings and then also just out in the public about how little we have to gain financially,” commented Mayor Cherico.

The Mayor believes that the City of Naperville could see as much as $500,000 in tax revenues per dispensary if residents choose to give a thumbs-up on the non-binding citywide referendum on March 17th’s ballot.

Already home to a medical marijuana dispensary, 3C Compassionate Care Center, Naperville’s City Council voted back in September of 2019 to ban recreational sales.

Green Thumb Industries’ Battle with Naperville

Despite being granted a recreational license by the state, Chicago, Illinois-based Green Thumb Industries Inc. (CSE:GTII) (OTC:GTBIF), the multi-state cannabis company which operates the 3C Compassionate Care Center, was unable to begin selling adult-use cannabis products on January 1st of this year despite new legalization laws going into effect.

“We appreciate the time and effort the Naperville City Council has put into debating the sale of adult-use cannabis in Naperville and look forward to continuing the conversation,” GTI spokeswoman Linda Marsicano said in a statement to the Chicago Tribune. “We believe that allowing adult-use sales will benefit the community in terms of tax revenue, job creation and community oversight.”