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[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]
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.
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 ...
2014: Guam legalized medical cannabis through ballot measure. [130] 2014: The United States Virgin Islands decriminalized cannabis. [131] 2015: Puerto Rico legalized medical cannabis by executive order. [132] 2018: The Northern Mariana Islands legalized recreational cannabis through an act of legislature. [133]
A hemp regulation measure stalled at the Illinois State House is being highlighted by the governor. House Bill 4293 would regulate intoxicating hemp products similar to how legal cannabis is ...
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 ...
May 31, 2019: the General Assembly passed the Illinois Cannabis Regulation and Tax Act to legalize recreational marijuana use beginning January 1, 2020, allowing adults age 21 and over to possess up to 30 g (1.1 oz). [72]
The Land of Lincoln could soon be the land of legal recreational marijuana -- and these three stocks should be winners as a result. Illinois on Track to Legalize Recreational Pot: 3 Stocks Poised ...