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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] An estimated 700,000 Illinoisans will qualify for the expungement of past marijuana-related convictions. [30]
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] It marked the first act of a U.S. state legislature creating a regulated cannabis system ...
It was the second Illinois-based cannabis company to go public on the CSE in 2018, after Green Thumb Industries. [10] Cresco began trading on the CSE on December 3, 2018, [ 11 ] raising $87 million; at this point, it had raised $205 million over the course of 2018.
CHICAGO — A Chicago-based marijuana cultivator and dispenser that has rapidly grown into one of the nation’s biggest pot firms is under federal investigation for possible pay-to-play ...
Cannabis regulatory agencies exist in several of the U.S. states and territories, the one federal district, and several areas under tribal sovereignty in the United States which have legalized cannabis. In November 2020, 19 state agencies formed the Cannabis Regulators Association.
As a result, cannabis dispensaries are licensed by each state; [16] these businesses sell cannabis products that have not been approved by the U.S. Food and Drug Administration, [17] nor are they legally registered with the federal government to sell controlled substances. [18]
Recreational pot sales are nearing reality in Ohio. The state Division of Cannabis Control began accepting applications Friday for new dual licenses that will allow existing medical marijuana ...
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