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Tag: legal marijuana

Illinois sees record increase in tax revenue from cannabis sales

Illinois sees record increase in tax revenue from cannabis sales

— July 25, 2022

Gov. J.B. Pritzker reported the state of Illinois has seen a 50 percent increase in total tax reported from adult-use cannabis, from $297.7 million in fiscal year 2021 to $445.3 million…

  • Marijuana license reform headed to Pritzker’s desk

    Marijuana license reform headed to Pritzker’s desk

    — May 28, 2021

    SPRINGFIELD – The Illinois Senate passed a bill Friday, May 28 creating new licenses and lotteries for marijuana dispensary licenses, addressing issues that have plagued the process…

  • Hemp production drops slightly in 2020

    Hemp production drops slightly in 2020

    — February 26, 2021

    SPRINGFIELD – Industrial hemp production declined slightly in 2020, the second year of legalized production in Illinois. The Illinois Department of Agriculture said Wednesday, Feb….

  • Facing backlash, state changes process for marijuana licenses

    Facing backlash, state changes process for marijuana licenses

    — September 22, 2020

    SPRINGFIELD — Gov. J.B. Pritzker announced changes to the licensing process for marijuana dispensaries Monday, Sept. 21 after weeks of criticism from activists, lawmakers and applicants…

  • Concerns grow over social equity on cannabis licenses

    Concerns grow over social equity on cannabis licenses

    — September 10, 2020

    SPRINGFIELD — Some lawmakers and stakeholders are asking Gov. J.B. Pritzker to hold off awarding 75 marijuana dispensary licenses amid concerns that just 21 applicants qualified for…

  • Bill creating new marijuana dispensary licenses clears House

    Bill creating new marijuana dispensary licenses clears House

    — May 25, 2021

    SPRINGFIELD – Legislation revamping the state’s system for awarding marijuana dispensary licenses passed the House on Tuesday, May 25. The measure is meant to address shortcomings…

  • State has collected $100 million in cannabis revenue

    State has collected $100 million in cannabis revenue

    — October 14, 2020

    Following the legalization of adult-use cannabis on Jan. 1, the Illinois Department of Revenue (IDOR) has collected over $100 million in tax revenue connected to adult-use cannabis…

  • State ‘reviewing questions’ before setting marijuana dispensary lottery date

    State ‘reviewing questions’ before setting marijuana dispensary lottery date

    — September 15, 2020

    SPRINGFIELD — The Illinois Department of Financial and Professional Regulation announced Tuesday, Sept. 15 that it continues to “review questions” and has still not set a date…

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