CANNASIGNAL™
LIVE DATA
🔍
SIGNAL
HEMP BAN: Federal intoxicating-hemp ban takes effect Dec 11, 2026 — consumer migration to licensed markets expectedFEDERAL: Schedule III rescheduling in progress — 280E relief expected late 2026FEDERAL RISK INDEX: 37/100 (LOW) — rescheduling momentum growingVA: Adult-use retail launches Jul 1, 2027 — license applications open Feb 1, 2027IL: SB 3222 omnibus signed — possession limits doubled, intoxicating hemp moves to dispensaries Nov 12MI: 24% wholesale tax challenged in court — repeal bill SB 810 pending in committeeCA: Cannabis excise tax locked at 15% through July 2028 per AB 564NJ: Cannabis consumption lounges now open in Atlantic City, Newark, MerchantvilleMN: Omnibus Cannabis Act signed — hemp-to-cannabis license bridge ahead of federal banOK: Governor pushes to eliminate medical program — bipartisan opposition buildingHEMP BAN: Federal intoxicating-hemp ban takes effect Dec 11, 2026 — consumer migration to licensed markets expectedFEDERAL: Schedule III rescheduling in progress — 280E relief expected late 2026FEDERAL RISK INDEX: 37/100 (LOW) — rescheduling momentum growingVA: Adult-use retail launches Jul 1, 2027 — license applications open Feb 1, 2027IL: SB 3222 omnibus signed — possession limits doubled, intoxicating hemp moves to dispensaries Nov 12MI: 24% wholesale tax challenged in court — repeal bill SB 810 pending in committeeCA: Cannabis excise tax locked at 15% through July 2028 per AB 564NJ: Cannabis consumption lounges now open in Atlantic City, Newark, MerchantvilleMN: Omnibus Cannabis Act signed — hemp-to-cannabis license bridge ahead of federal banOK: Governor pushes to eliminate medical program — bipartisan opposition building
IL HB1023Introducedas of 2025-01-09

FINANCE-CANNABIS PROCEEDS

Plain-English summary

What happened: An Illinois bill addressing the handling or distribution of cannabis-related financial proceeds is in early introduction, with a new chief co-sponsor recently added.

Why it matters: Changes to how cannabis proceeds are regulated or allocated can affect cash flow management and financial compliance obligations for cannabis businesses operating in Illinois.

Affects: retailers and cultivators

LATEST ACTION: Added Chief Co-Sponsor Rep. Daniel J. Ugaste
READ THE FULL BILL TEXT →
Follow Illinois cannabis bills for free. One plain-English email a week with every bill that moved, including this one.
Get the free digest
More Illinois cannabis bills
HB5815CANNABIS-IL FREEDOM FUNDIntroducedHB5784CANNABIS OMNIBUSIntroducedSB2772PSILOCYBIN ADVISORY BOARDIn CommitteeHB5731CANNABIS HOSPITALITYIntroducedHB5452HEMP PRODUCTS COMMISSIONIntroducedSB3919REGULATING HEMPIntroducedSB4048CANNABIS-VARIOUSIntroducedSB4015CANNABIS-VARIOUSIntroduced
ALL ILLINOISCANNABIS LAWS & BILLS →

Legislative data via LegiScan, licensed under CC BY 4.0. Summaries and categorization by CannaSignal. Regulatory information, not legal advice.