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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] Illinois became the first state in the nation to legalize cannabis for recreational sale through a state legislature rather than ballot initiative. [28]
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.
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 ...
2019: Illinois legalizes recreational cannabis through state legislature, including its commercial sale. It became the first state to legalize the commercial sale of recreational cannabis through an act of state legislature. [72] 2019: Hawaii decriminalizes cannabis through state legislature. [73]
The Illinois Legislature passed a bill on Friday that legalizes adult-use marijuana businesses. Entrepreneurs who want to start a cannabis business should start preparing now in order to ensure a ...
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 ...
Medical cannabis. Thirty seven of the United States regulate some form of medical cannabis sales despite federal laws. [12] As of 2016 seventeen of those states (Arizona, California, Colorado, Connecticut, Delaware, Illinois, Maine, Michigan, Montana, Nevada, New Jersey, New Mexico, New York, Oklahoma, Oregon, Rhode Island, Washington, and Washington, D.C.) have at least one medical marijuana ...
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 ...