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IDFPR works to expand medical cannabis tax rates to all dispensaries

Illinois News Joint

In the 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), the Department of Financial & Professional Regulation (IDFPR) states in its data summary, “Looking ahead to Fiscal Year 2025, IDFPR has already begun its efforts to further expand access to cannabis both to consumers and medical patients.

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Weekly Cannabis Roundup November 5

Veriheal

New York’s rec market is slowly but surely rolling out, a peer-reviewed study linked state cannabis prohibition to high race-based arrests, and an analysis of thousands of Army records revealed that recruits with a history of cannabis use are just as likely as their peers to excel. Let’s dive into this week’s cannanews.

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Study: Adult Use Retail Customers Frequently Substitute Cannabis for Opioids, Other Prescription Drugs

NORML

Adults who purchase retail cannabis typically report using it to mitigate pain and to improve sleep, and often use it in place of conventional medications, according to data published online today in the Journal of Psychoactive Drugs.

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Press Release: Pritzker Administration Announces All First Round Conditional Adult Use Cannabis Dispensary Licenses Have Been Issued

Cannabis Law Report

To date, Illinois has made and executed the greatest commitment of adult use cannabis tax revenue to community reinvestment, expunged the most criminal history records involving cannabis, and has the highest rate of minority ownership of any state reporting/collecting ownership demographic data in the country.

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Who Spends the Most Between Recreational and Medical Cannabis Consumers?

Veriheal

Headset , a leading cannabis data and market intelligence platform, recently conducted an audit of cannabis sales data around the United States—and the discoveries were interesting. Headset’s data shows that medical cannabis consumers tend to spend more money in order to purchase a larger supply at one time.

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Cannabis and banking vets launch credit card for dispensaries

Cannabis Law Report

That leaves dispensaries managing and protecting massive sums of cash, and the stores cannot offer a modern retail payment system to the consumer. The company will issue and process credit cards that will work in dispensaries. There’s even a loyalty program. Tsang has a long history in the banking world.

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Illinois Senate creates cannabis omnibus

Illinois News Joint

For purposes of this paragraph, ‘close proximity’ means an area contiguous to the real property of the dispensary, such as a sidewalk or parking lot.” BLS Region” means a region in Illinois used by the United States Bureau of Labor Statistics to gather and categorize certain employment and wage data. Illinois has 17 such regions.

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