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On May 31, 2019, the Illinois General Assembly passed the Illinois Cannabis Regulation and Tax Act to legalize recreational marijuana use starting on January 1, 2020. The bill was signed by Governor J. B. Pritzker on June 25, 2019. [24][25][26] Recreational-use revenue in Illinois is expected to reach an estimated $1.6 billion a year. [27 ...
e. In the United States, cannabis is legal in 38 of 50 states for medical use and 24 states for recreational use. At the federal level, cannabis is classified as a Schedule I drug under the Controlled Substances Act, determined to have a high potential for abuse and no accepted medical use, prohibiting its use for any purpose. [1]
Code. 410 ILCS 705. Status: Current legislation. The Cannabis Regulation and Tax Act (Illinois House Bill 1438) is an act legalizing and regulating the production, consumption, and sale of cannabis in Illinois. It was approved by both houses by May 31, 2019 and came into effect January 1, 2020. [1] [2]
Leftwich, who is Black, was one of hundreds of applicants denied a micro-license to open a dispensary in July. “We’re working against, you know, forces that we don’t even know exist ...
A legal battle over cannabis business licensing in Illinois could overturn the state’s residency requirement, throwing a wrench into the already dysfunctional process and attempts to diversify ...
Aug. 2—DANVILLE — Seven Point of Illinois was the latest entity to receive a conditional adult-use cannabis dispensary license as part of the second wave of licenses issued in Illinois. Seven ...
IDFPR became responsible for licensing and regulating the dispensaries that sell medical cannabis to patients, along with each dispensaries’ Principal Officers, Agents-in-Charge, and Agents. [4] On June 25, 2019, Governor Pritzker signed the Cannabis Regulation and Tax Act, which made Illinois the 11th state to legalize adult use cannabis. [5]
FOX LAKE, Ill. - A new dispensary in suburban Chicago made waves in the cannabis industry with its grand opening Tuesday. Smokehouse, the state's first dispensary located directly on the water ...