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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]
The Land of Lincoln officially legalized recreational marijuana with the Illinois Cannabis Regulation and Tax Act in 2019, opening the door for legal use starting Jan. 1, 2020. Anyone 21 years old ...
Driving the increase last year was the more than 42 million recreational marijuana products sold in the state which is a 15% increase from 2022 Illinois recreational marijuana sales reach new ...
The five states that generated the most revenue from recreational marijuana sales took in a combined $457.7 million during the final quarter of 2023. Illinois took in nearly $70M on marijuana ...
The COVID-19 pandemic had a significant impact on the cannabis industry. Investor's Business Daily said the industry was affected as "customers stock up on prescriptions and recreational customers load up on something to make the lockdown a little more mellow or a little less boring".
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.
Illinois sold nearly $1.6 billion in cannabis products in 2022, and Missouri’s market is already off to a strong start. ... News. 24/7 help. For premium support please call: 800-290-4726 more ...
On June 1, 2019, Illinois became the 11th state to allow recreational use of marijuana; [13] on June 3, Cresco CEO Bachtell announced plans to double the company's employee headcount from 300 to 600 by the start of 2020 to meet recreational demand, which he estimated would initially be "four to eight times" the size of the medicinal cannabis ...