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On May 31, 2019, the Illinois General Assembly passed the Illinois Cannabis Regulation and Tax Act to legalize recreational marijuana use starting on January 1, 2020. The bill was signed by Governor J. B. Pritzker on June 25, 2019. [24][25][26] Recreational-use revenue in Illinois is expected to reach an estimated $1.6 billion a year. [27 ...
e. In the United States, cannabis is legal in 38 of 50 states for medical use and 24 states for recreational use. At the federal level, cannabis is classified as a Schedule I drug under the Controlled Substances Act, determined to have a high potential for abuse and no accepted medical use, prohibiting its use for any purpose. [1]
In the United States, the use of cannabis for medical purposes is legal in 38 states, four out of five permanently inhabited U.S. territories, and the District of Columbia, as of March 2023. [1] Ten other states have more restrictive laws limiting THC content, for the purpose of allowing access to products that are rich in cannabidiol (CBD), a ...
Medical marijuana, meanwhile, has been legal in the Show Me State since 2018. Marijuana is available for purchase in Missouri for those 21 years old and older. Consumers can legally possess up to ...
Driving the increase last year was the more than 42 million recreational marijuana products sold in the state which is a 15% increase from 2022 Illinois recreational marijuana sales reach new ...
The five states that generated the most revenue from recreational marijuana sales took in a combined $457.7 million during the final quarter of 2023. Illinois took in nearly $70M on marijuana ...
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]
Cresco Labs, Inc. is a publicly traded, vertically integrated cannabis and medical marijuana company [1] based in Chicago, Illinois, with current retail operations in nine states where marijuana has been legalized for medical use. [2] The company's stock trades on the Canadian Securities Exchange under the ticker symbol CL, [3] and in over-the ...