Illinois poised to issue 110 additional cannabis dispensary licenses – The Southern
Recreational cannabis use became legal in Illinois on Jan. 1, 2020. Here’s how things have gone so far — and how much revenue is being generated.
SPRINGFIELD — Legislation headed to Gov. J.B. Pritzker’s desk would create new licenses and lotteries for marijuana dispensary licenses, addressing issues that have plagued the process set forth by a 2019 law legalizing recreational marijuana.
House Bill 1443, passed by the Illinois Senate on Friday, would create two new marijuana dispensary lotteries offering 55 licenses each, as well as clearing up ongoing disputes over the fate of 75 marijuana dispensary licenses that have been held up for over a year.
The House passed House Bill 1443 on Tuesday. In a written statement Friday, Pritzker said he looks forward to signing the bill “so that we can begin the next phase creating a cannabis industry that reflects the diversity of all of our people.”
The 2019 Cannabis Regulation and Tax Act required that the original 75 licenses created by the legislation be awarded by May 2020.
“The goal here is to create a diverse cannabis industry with increased opportunities for social equity applicants,” Sen. Kimberly Lightford, D-Maywood, the bill’s Senate