Illinois

ChatGPT, OpenAI’s popular artificial intelligence (AI) platform, now falls under Chicago’s Personal Property Lease Transaction Tax, which tacks on a 9% tax for users of its premium version as of Oct. 1. Wait, What? Chicago tax law states that charges incurred primarily for the ability...

The Restore, Reinvest, and Renew (R3) Program in Illinois is making strides in reversing the damages of the war on drugs, earmarking cannabis-derived funds to catalyze community renewal and equitable industry growth. Illinois Governor J.B. Pritzker engaged in dialogue with Benzinga at the Cannabis...

Illinois became the first state in the U.S. to fully legalize adult use cannabis through legislation with the passage of the Cannabis Regulation and Tax Act in 2020. Since then, the state has worked to help those who were previously impacted by cannabis-related offenses...

Through the adult use cannabis social equity program, Illinois is helping those who previously faced imprisonment for cannabis offenses build new lives in its booming legal cannabis industry. A Chance To Bloom: At the Benzinga Cannabis Capital Conference in...

Illinois was the first state in the U.S. to fully legalize adult-use cannabis through legislation, setting a precedent for the rest of the nation.  Illinois Gov. J.B. Pritzker highlighted the importance of that initiative Thursday in a keynote address at the Benzinga...

Rivian Automotive Inc. (NASDAQ:RIVN) is reportedly relocating a section of its staff to its Illinois factory. What Happened: Rivian is relocating parts of its manufacturing engineering team to its Illinois factory, The Wall Street Journal reported, citing a person familiar with the matter. See...

Cannabis Legalization Legislation In Delaware, A Hearing Is Coming Soon Delaware lawmakers filed complementary cannabis legalization bills that would end prohibition, bringing a basic regulatory framework for the cannabis market in the state, reported Marijuana Moment. Rep. Ed Osienski (D),...

The Illinois Department of Financial and Professional Regulation (IDFPR) announced that 2022 set adult-use cannabis sales records in all categories it tracks, including the number of items sold, sales totals to Illinois and out-of-state residents, and sales total by month, reported...

Georgia's MMJ Bid Process Gets Another Review, Losing Parties Cry Corruption The Georgia Court of Appeals is poised to weigh in on a lawsuit filed by five Georgia-based medical marijuana companies which have challenged the state's medical marijuana licensing process, claiming it was corrupt...

The psychedelics reform wave has arrived in Illinois, specifically Evanston where councilmember Devon Reid intends to advance a local decriminalization measure in an upcoming December 2022 committee meeting, reported Marijuana Moment. Reid’s bill recycles...

Marijuana Legalization In Missouri: Black Leaders Divided Over Ballot Measure Recently, St. Louis Mayor Tishaura Jones (D), who supports legalization, announced she would oppose the measure appearing on the November 8 ballot as Amendment 3. According to Jones, she doesn’t support etching what...

Publicly traded cannabis companies have seen their stock prices plunge over the past year, with investor sentiment mainly dependent on news around federal cannabis legalization, Cantor Fitzgerald analyst Pablo Zuanic said in his recent note. What Happened The analyst took a closer look at...

Illinois' social equity program is "on the verge of collapse" due to the state's laborious rules and regulations, cannabis equity advocates and business owners warn. Ambrose Jackson, of the 1937 Group, said that those running equity businesses ended up sidelined for...

Illinois recreational cannabis sales saw a 4.6% sequential drop in August to $129.4 million after breaking a record in July with the largest monthly sales year-to-date, reported New Cannabis Venture’s Alan Brochstein. In July, retailers sold a total of 3,251,062 cannabis products...

Over $135 million worth of recreational marijuana was bought in Illinois in July, representing yet another record with the largest monthly sales year-to-date, as first reported by Marijuana Moment. Cannabis retailers sold a total of 3,251,062 cannabis products worth $135,658,291 last month,...