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IDPH Generating Work – we are somewhat pleasantly SHOCKED and Shocked that the Illinois Dept. of Public Well being in unique, and State of Illinois government, in common, appears to be creating a Actual and CONCERTED effort to implement cannabis policy.

A bit of background is in order – I am personally licensed as a CPA in California, Florida, Illinois, New York, and Texas. The firm is licensed in California, Florida, Illinois and Oregon [due to quirks of CPA licensing at the firm and individual levels and types of practice services performed. I spent the first nineteen years of my career located in New York City, the next eighteen in Chicago, and have had an increasing presence in Oakland over the past three years. Our cannabis industry involvement since roughly 2001 has been entirely in California due to our perception that Illinois state government was corrupt as hell…and that even extended to my home town off Evanston [See outrageous lease ordinance for cannabis dispensary implemented by Evanston City Council when Illinois first legalized MMJ at ) Ordinance 40-O-15 Authorizing City Manager to Execute a Lease Agreement for City-Owned Property at 1804 Maple Avenue and Illinois Cannabis Corruption and Secrecy ] A US District Court Judge forced Illinois to add intractable discomfort to the MMJ statutes qualifying situation in January 2018 [See Article here.] We have addressed the outrageous terms of that lease elsewhere.

 

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Hold in thoughts that the State of Illinois legalized healthcare cannabis [“MMJ”], in August 2013 [Illinois Governor Patrick Quinn signed Public Act 098-0122 “The Compassionate Use of Medical Cannabis Pilot Program Act” into law with an effective date of January 1, 2014 (the “Medical Cannabis Act”)].

The Illinois Legislature passed legislation on June four, 2018, which would let potentially thousands of individuals to get healthcare marijuana as an option to extremely addictive opioids, a move that could offer a notable increase to MMJ sales. The state’s Governor signed the legislation in August 2018. The legislation permitted the use of healthcare cannabis as an option to opioids – a improvement that could sooner or later generate hundreds of millions of dollars in further MMJ sales.  Marijuana Small business Each day estimates the move could add tens of thousands of new individuals to a system that has roughly 42,000 at the moment registered.

Illinois had been a extremely restrictive MMJ market place. But the Marijuana Policy Project noted some crucial provisions of the legislation that will ease restrictions, which includes:

Qualifying individuals will get provisional registration permitting them to buy healthcare marijuana for 90 days although their application is getting processed (or till it is denied).

Criminal background checks and fingerprint needs will be eliminated for all participants/applicants in the current MMJ system and the new Opioid Option Pilot System.

 

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Illinois became the country’s very first state to legalize recreational marijuana cultivation and sales by means of its Legislature, a landmark move that paves the way for the creation of 1 of the nation’s biggest adult-use cannabis markets providing “huge” company possibilities on Could 31, 2019 [See Illinois Adult Use and Illinois Cannabis Priorities  , and Illinois House Bill 1438.]

It appears that right after the complicated climb to legalize adult-use Illinois has began to get its act collectively. Illinois Governor J.B. Pritzker signed new legislation on

MMJ qualifying situations added are chronic discomfort, anorexia nervosa, irritable bowel syndrome, migraines, osteoarthritis, anorexia nervosa, Ehlers-Danlos syndrome, Neuro-Behcet’s autoimmune illness, neuropathy, polycystic kidney illness and superior canal dehiscence syndrome. Chronic discomfort tends to be the major driver for MMJ sales.

Nurse practitioners and physician’s assistants, like physicians, now can certify individuals for the system. [This is groundbreaking for MMJ programs]

The expansion offers added heft to a system that was bolstered substantially in late January when an opioid option pilot system kicked in. Former Republican Gov. Bruce Rauner signed that legislation.

 

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We note that the enactment of adult-use legislation normally outcomes in a decline in MMJ use of cannabis. On the other hand, Illinois has performed a thing quite encouraging in this regard.

The state’s MMJ system is that there is only a 1% sales tax.

Purchasers of adult-use cannabis merchandise, on the other hand, can anticipate to spend a retail tax of 19.55%-34.75%, based on the product’s potency, according to the Marijuana Policy Project.

The  Marijuana Small business Factbook recently projected that the Illinois MMJ market place would create $200 million-$240 million in sales in 2019, up from $132.9 million in 2018.

Whilst we have been reluctant to involve our practice in the Illinois cannabis market place for close to twenty years, we could test the water. The very first important step in this path is that I have personally applied for an Illinois MMJ card due to my continuing struggle with diabetic neuropathy in my feet. The background to my healthcare group involves my Endocrinologist and Neuromuscular Neurologist at Northwestern Memorial, and Wound Care/ and Discomfort Management at Shirley Ryan Capability Labf/k/a Rehabilitation Institute of Chicago [“RIC”].

 

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We are going to attempt each topical CBD for day time use and a higher-concentration THC solution for evening-time discomfort use. The present Illinois MMJ system Dehabilitating Situations list is right here. The web site for the IDPH Opioid Option Pilot System is right here. The all round development of the Illinois MMJ system can be tracked right here. The principal web site for the Illinois MMJ Cannabis System.

If you are a licensee or are seriously thinking of applying for a license for a “plant-touching” cannabis company in Illinois preferably in Cook, Lake or McHenry County, we would Definitely like to hear from you. We have quite deep and in depth expertise with the legal cannabis market on the Federal level, with in depth expertise in California, and important expertise in Oregon. We would be prepared to substantially discount our costs and dive into the Illinois cannabis market place if we had a important client. Our additional preference is for an operator that is either substantially capitalized or venture-funded with a minimum of $2MM capitalization. Our expertise is that we are overpowered for a “mom and pop” and most “friends and family” operations. If you have the interest, enter your speak to information and facts beneath.