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On January 1, 2020, Illinois became the eleventh state to legalize cannabis for both medical and recreational use. Such use is governed by the Illinois Cannabis Regulation and Tax Act, 410 ILCS 705/ et seq. ("CRTA" or the "Act"). Some of the key provisions of the Act are:
This publication provides an analytical guide to the CRTA from the Cannabis Team of national law firm Shepard Mullin, with links to pertinent provisions of the Act and related statutes . Sheppard Mullin's Cannabis Industry Team helps cannabis and ancillary businesses, including hemp CBD-based or infused products companies, with issues related to legal cannabis business activities, including regulatory compliance, raising and deploying capital, banking and finance, accounting control and anti-money laundering compliance, real estate development and leasing, litigation, intellectual property, public company representation and SEC filings, land use and zoning, investigations and taxation.
Navigate this fast-evolving regulatory framework of marijuana law in Illinois with this single volume analytical source, which includes both the Cannabis Regulation and Tax Act and the Cannabis Control Act, as well as related laws and regulations selected from throughout the Illinois Compiled Statutes Annotated and the Illinois Administrative Code.
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