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Ill. Considers Cannabis Legalization to Bolster State Revenue | Cannabis Business Times

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Ill. Considers Cannabis Legalization to Bolster State Revenue


SPRINGFIELD, Ill. - Illinois state lawmakers are considering a proposal that could make Illinois the first state in the Midwest and the ninth nationally to legalize recreational pot.

Two Chicago Democrats introduced legislation last week that would legalize small amounts of marijuana for adults and license businesses to sell cannabis products. They argue it would help solve the state's budget crisis.

Sen. Heather Steans and Rep. Kelly Cassidy say the move could raise between $350 to $700 million in tax revenue, create new jobs and bolster tourism.

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