New adopted and proposed rules for cannabis infusers
In the latest issues of the Illinois Register and The Flinn Report, Illinois lawmakers, the Illinois Department of Revenue (DOR), and the Illinois Department of Financial and Professional Regulation (IDFPR) announced Friday a new adopted rule and a proposed rule regarding cannabis infuser license holders.
The Flinn Report stated, “DOR also adopted amendments to the Cannabis Cultivation Privilege Tax clarifying that the transfer of cannabis or cannabis concentrate from a cultivator to an infuser, under an agreement whereby the cultivator retains ownership of the cannabis or concentrate and the infuser is merely creating cannabis-infused products for the cultivator to resell, is not a “firstsale” on which the cultivator would owe tax. Examples of transactions that meet these criteria are included, along with recordkeeping requirements for these transfers.”
The Flinn Report also stated, “(IDFPR) proposed an amendment to the Part titled Cannabis Regulation and Tax Act correcting errors in the listed fees for modifications and alternations to licensed infuser facilities. For modifications to a license, a fee of $1,250 is due at the time of application, with an additional fee of $750 due upon approval of the application. For alterations to a facility that do not require an amendment to the license, the application fee is $250. DOA will refund the excess portion of any fee paid by an applicant prior to 9/1/24 that was higher than the amounts listed in this rulemaking.
Questions/requests for copies/comments through 6/3/24:
Sam McGee, DOA, State Fairgrounds,
PO Box 19281, Springfield IL 62794-
9281, 217-558-3741,
Samuel.McGee@illinois.gov
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