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January 1, 2020; 4 years ago (2020-01-01) 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]
Legal to possess up to 2.5 oz (71 g) and up to 15 grams of cannabis concentrates. Legal to possess a 90-day supply. Legal to grow 6 plants per adult, maximum 12 plants per household. Legal to possess up to 8 oz (230 g), 1 oz (28 g) of concentrate, and 72 oz (2 kg) of edibles in a residence.
Taxes on legal marijuana keep it out of reach to low-income medical or adult users, creating more demand for the black market. Licenses, when available, are extremely limited and can cost $100,000 sometimes requiring proof of additional capital. Additionally, California has long provided much of the marijuana for the entire United States.
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(Legal products that are marketed as delta-9 in Texas are hemp-derived cannabinoids with less than 0.3 percent THC.) The only difference between THCa and delta-9 is the location of a double bond ...
Cannabis. Cannabis is legal in Illinois for both medical and recreational use. Illinois became the eleventh state in the US to legalize recreational marijuana effective January 1, 2020. [1] With the passage of the Illinois Cannabis Regulation and Tax Act in 2019, Illinois became the first state in the nation to legalize recreational sales by an ...
When burned, THCA turns into Delta 9 THC and likely exceeds the legal limits, Dixon said. But before it’s lit, its Delta 9 THC levels remain below the mandated 0.3%.
The study estimated the Alaskan government was spending $25–30 million per year enforcing cannabis prohibition laws. The study found if the purchase of cannabis were to be taxed as a legal commodity, tax revenues would increase by about $10–20 million per year, making $35–50 million per year in funds available. [114] [115]