Illinois cannabis shops brought in nearly $40 million in the first month of legal recreational marijuana sales, the state’s Department of Financial and Professional Regulation announced. During the 31-day period, almost 1 million individual marijuana products were sold across the state. Many of those transactions came from out-of-state cannabis tourists, who purchased $8.6 million worth of […]

On the first of legal recreational marijuana in Illinois, Illinois raked in almost $3.2 million in sales of the substance. Legalization also brought about applications for the 75 available dispensary licenses. New licenses will be issued on May 1. See the original article at Raw Story

The Chicago Housing Authority, which is the third largest agency of its kind in the country with over 20,000 households in its system, has released a statement confirming that residents living in public housing won’t be able to use legal cannabis in their homes. “While federal law prohibits marijuana use and possession in federally subsidized […]

Illinois Gov. J.B. Pritzker signed the state’s historic cannabis legalization and regulation bill today, making Illinois the 11th state to end cannabis prohibition. Illinois’ legalization law — which was passed by state lawmakers on May 31 — goes into effect starting January 1, 2020. Under the law, Illinois residents aged 21 or older will be […]

Illinois is poised to become the 11th state to legalize recreational cannabis. The Illinois house approved a bill with a vote of 66-47 and now only needs a signature from Illinois Governor J.B. Pritzker, who campaigned on a promise to legalize weed. See the original article at Retroworldnews

Illinois’ Republican Governor Bruce Rauner has signed legislation into law authorizing the state to license individual farmers to grow hemp for commercial purposes. The new law, which took immediate effect, expands the state’s existing hemp program. Under the 2014 pilot program, only universities were permitted to produce hemp for research purposes. The new act allows […]

Illinois Mayor, Rahm Emanuel, called on the General Assembly to decriminalize marijuana possession statewide and to reduce the penalty to a misdemeanor for those caught with 1 gram or less of any controlled substance. During 90 minutes of testimony before the House-Senate Joint Criminal Reform Committee in Chicago, Emanuel encouraged lawmakers to challenge the “assumptions […]

Patient applications and other documents for Illinois’ medical cannabis program are now available online. While they are available now, the department will not accept patient applications until later this year. Applicants whose last names begin with the letters A through L may apply between September 2 and October 31. Applicants with last names that start with M through Z may apply between November […]

Under new zoning rules, Chicago medical marijuana dispensaries are coming to busy shopping areas despite the city’s initial attempt to hide them away at the edges of the city. That means a medical marijuana dispensary could potentially open next door to a tony restaurant on Randolph Street or in River North near touristy fast food […]

Three Chicago entrepreneurs announced the creation of the Prairie Wellness Fund, Ltd., a private debt fund that will provide financing and liquidity to applicants for the newly created medical marijuana licenses that were established by Illinois law last year.  The state plans to license 21 cultivation centers and each will have to put up a […]

Lawmakers in Illinois have approved a set of administrative rules for marijuana businesses and patients. If all goes well, the industry will launch in the spring of 2015, they said. The Joint Committee on Administrative Rules approved the regulations for the industry, which lawmakers had proposed several months ago. Under the new rules, medical marijuana patients with last […]

Investors around Illinois are jockeying for positions in the marijuana business as they wait for the state’s new medical marijuana law to kick in. And some of them are politically connected. According to the Springfield bureau of Lee Enterprises, Sam Borek, the college roommate of the legislator who sponsored the law (Democratic state Rep. Lou Lang […]

Citing strains on the criminal justice system and the economic costs of enforcing anti-marijuana laws, a group of democratic lawmakers are pushing for the creation of a task force to pursue legalizing and regulating marijuana in Illinois. Cook County Commissioner, John Fritchey, said he will introduce a resolution on May 21, asking the General Assembly […]

The state of Illinois announced that the proposed rules for implementation of the Compassionate Use of Medical Cannabis Pilot Program Act have been published in the Illinois Register. The new draft rules include changes from the Illinois Department of Agriculture, the Illinois Department of Financial and Professional Regulation, the Illinois Department of Public Health, and the […]

Under the proposal from the Illinois Department of Agriculture, legal pot businesses would need approximately half a million dollars in startup costs.   Read Full Story On http://www.huffingtonpost.com/2014/02/14/illinois-medical-marijuana-rules