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Illinois lawmakers call for ban on intoxicating hemp products, but retailers call for regulations

Illinois lawmakers joined the licensed cannabis industry Thursday in calling for a ban on intoxicating hemp products such as Delta-8-THC, a move retailers of such substances said would put them… Continue reading Illinois lawmakers call for ban on intoxicating hemp products, but retailers call for regulations

Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo

The Internal Revenue Service (IRS) has issued a new memo clarifying the rules for reporting large cash payments between marijuana businesses, which the agency says should not automatically be considered… Continue reading Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo

Black-Owned West Side Weed Dispensary Won’t Get Alderman’s Support

After negative feedback from some neighbors, Ald. Walter Burnett won’t endorse a plan for a dispensary that aims to open at the old Catfish Corner site in Garfield Park. GARFIELD… Continue reading Black-Owned West Side Weed Dispensary Won’t Get Alderman’s Support

Illinois Governor Signs Budget Bill With Cannabis Tax Provisions

Illinois Gov. J.B. Pritzker announced June 7 that he signed the state’s fiscal year 2024 budget into law, including a provision that will provide tax relief to Illinois’ licensed cannabis businesses. Both… Continue reading Illinois Governor Signs Budget Bill With Cannabis Tax Provisions