IL Cannabis Regulation and Tax Act

The IL Cannabis Regulation and Tax Act is Illinois legislation that legalizes, regulates, and taxes recreational cannabis use for adults. It establishes rules for the legal purchase, sale, and possession of cannabis, including licensing of businesses and safety standards. The act also sets tax rates to generate revenue for public services, such as education and law enforcement. Its goal is to create a regulated market that reduces illegal sales, promotes public health, and ensures social equity by providing opportunities for communities historically affected by marijuana-related laws.