Cannabis advocates, business owners in Illinois warn state's program is 'on the verge of collapse'

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Cannabis equity advocates and business owners are warning that Illinois' social equity program is 'on the verge of collapse.'

They also said that most businesses have not begun building out their facilities and are far from becoming operational despite what the state is saying due to the rules and regulations and procedures in place. Which, they added, also hurts the state's tax coffers, municipalities, potential employees and contractors.

Governor Pritzker's office issued a statement that said "The governor looks forward to continuing to work with the General Assembly on streamlining the process and helping social equity applicants enter and thrive in the industry." RELATED: Cannabis confusion: Knowing the difference between regulated weed stores and unregulated CBD shopsFive conditional licenses were issued to applicants selected in lotteries held last summer and 182 licenses have been issued to date. Three more are available through the program.

 

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Where is all the tax money going then?

Then why are we paying 40% tax on it?

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