Cannabis News Box

Illinois rakes in almost $11 million during the first week of legal cannabis sales

Illinois rakes in almost $11 million during the first week of legal cannabis sales

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 15, 2020

Since 2020 started, more than $11 million worth of recreational cannabis has been sold in the newly-legal state of Illinois; and that's just during the first week of legal sales. This is according to the state’s Department of Financial and Professional Regulation, which has confirmed that the first o...

Fault with Illinois cannabis law could mean delays in reaping tax revenue

Fault with Illinois cannabis law could mean delays in reaping tax revenue

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 30, 2019

Illinois' cannabis law is flawed, according to lawmakers. The state, which legalized the plant for recreational use and sale on May 31, 2019, could be left scraping for profit if the glitch isn't straightened out soon. Following the passing of the Illinois Cannabis Regulation and Tax Act by the Ill...

Illinois Cannabis Regulation and Tax Act. Illinois General Assembly