Illinois will be kicking off the new year with legal cannabis! Making it the 11th recreational state in the United States.
Dispensaries throughout Illinois will be opening their doors to the public at 6:00am New Years Day. So far, 35 dispensaries have approved licenses to sell recreationally to adults 21 and older. However, not everyone is on board with over 20 towns that have banned, delayed, or placed restrictions on recreational cannabis.
When it comes to purchasing and possession laws, they are quite different from the other legal states. The purchase limit will be up to 30 grams, or 1 ounce of cannabis plant material, no more than 500mg of THC edibles and 5 grams of cannabis concentrate. If you are a non-resident, you can only buy half the amount. Also, only medical patients are able to grow cannabis with a limit of 5 plants per person.
Cannabis will be taxed depending on the potency of the marijuana and cannabis products purchased. According to the Marijuana Policy Project, Marijuana and cannabis-infused products less than 35% THC are taxed at 10%. If the cannabis-infused products are more than 35% THC, they will be taxed at 20% and if the marijuana is more than 35% THC, it will be taxed at 25% of the purchase price. Like all the recreational states, medical patients will be exempt from these taxes.
This is a very exciting time for the Midwest and the cannabis industry! We are looking forward to seeing the overall outcome for the residents and the state of Illinois.