Illinois Marijuana Laws and Regulations
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On January 1, 2020, Illinois became the eleventh state to legalize cannabis for both medical and recreational use. Such use is governed by the Illinois Cannabis Regulation and Tax Act, 410 ILCS 705/ et seq. (“CRTA” or the “Act”). Some of the key provisions of the Act are:
• legalizes personal possession of up to 30 grams of cannabis for Illinois residents at least 21 years of age, with lower limits for non-residents.
• contains expungement provisions for individuals who had been convicted of certain cannabis-related crimes.
• provides for license application benefits for social equity applicants, and it includes $12,000,000 in funding for social equity programs.
• contains provisions for local communities to decide whether or not to allow cannabis-related businesses, collect additional taxes, and establish zoning requirements.
• creates the Illinois Cannabis Regulation Oversight Office within the Illinois Department of Financial and Professional Regulation; it also creates the Adult Use Cannabis Health Advisory Committee within the Illinois Department of Human Services.
• provides for taxes on cannabis products and businesses.
This publication provides an analytical guide to the CRTA from the Cannabis Team of national law firm Shepard Mullin, with links to pertinent provisions of the Act and related statutes . Sheppard Mullin’s Cannabis Industry Team helps cannabis and ancillary businesses, including hemp CBD-based or infused products companies, with issues related to legal cannabis business activities, including regulatory compliance, raising and deploying capital, banking and finance, accounting control and anti-money laundering compliance, real estate development and leasing, litigation, intellectual property, public company representation and SEC filings, land use and zoning, investigations and taxation.
Navigate this fast-evolving regulatory framework of marijuana law in Illinois with this single volume analytical source, which includes both the Cannabis Regulation and Tax Act and the Cannabis Control Act, as well as related laws and regulations selected from throughout the Illinois Compiled Statutes Annotated and the Illinois Administrative Code.
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