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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.
[24] [25] [26] Recreational-use revenue in Illinois is expected to reach an estimated $1.6 billion a year. [27] Illinois became the first state in the nation to legalize cannabis for recreational sale through a state legislature rather than ballot initiative. [28] Overall, Illinois is the 11th state in the US to allow recreational marijuana. [29]
Here's a look at the recreational marijuana laws and tax rates in each state. 1. California, $160 million ... Non-resident adults may possess half those amounts. Taxes on retail cannabis sales are ...
Credit card use for marijuana purchases is prohibited in Illinois. Most residents are barred from growing marijuana at home, but medical marijuana patients can possess up to five plants that stand ...
The law made possession a civil violation with a penalty of $25, lower than most city parking tickets. 2014, D.C. voted by ballot Initiative 71 to legalize recreational marijuana possession, cultivation, and transportation; commercial production and sale prohibited. The law went into effect February 26, 2015, following 30 days of congressional ...
“The legislation would benefit large marijuana corporations at the expense of Illinois residents and the legitimate small businesses that follow federal law, yet does nothing to curb online ...
Illinois sold nearly $1.6 billion in cannabis products in 2022, and Missouri’s market is already off to a strong start. Marijuana is flying off the shelves in Illinois and Missouri. Check out ...
The NAACP has been strong supporters of the Respect State Marijuana Laws Act – H.R. 1523 and has reached out to members of congress to get this act passed. [160] This act is designed to decrease penalties for low-level marijuana possession and supports prohibiting federal enforcement of marijuana laws in states which have lesser penalties. [161]