Illinois lawmakers have introduced a new bill aimed at reducing taxes on medical cannabis. This legislation seeks to alter the tax code so that cannabis is treated like other prescription medications. The proposed changes would apply to buyers who purchase cannabis from a dispensary and possess a medical cannabis card.<\/p>\n\n\n\n
The bill intends to amend the Retailers\u2019 Occupation Tax Act, recognizing both prescription and nonprescription cannabis products as medicine. Additionally, it aims to modify the Cannabis Regulation and Tax Act to prevent certain cannabis-infused products from being taxed twice when used for medicinal purposes.<\/p>\n\n\n\n
Illinois State Representative Sonya Harper, a Democrat, proposed this bill on January 10th. Following its introduction, the bill was referred to the House Rules Committee on January 28th. If the legislation is signed into law, the new tax changes are expected to take effect at the beginning of 2027.<\/p>","protected":false},"excerpt":{"rendered":"
Illinoisk\u00fd z\u00e1konod\u00e1rce p\u0159edstavil nov\u00fd n\u00e1vrh z\u00e1kona, jeho\u017e c\u00edlem je sn\u00ed\u017eit dan\u011b z l\u00e9\u010debn\u00e9ho konop\u00ed. C\u00edlem tohoto z\u00e1kona je zm\u011bnit...<\/p>","protected":false},"author":2,"featured_media":4049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[312,847,846],"class_list":["post-4050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation","tag-illinois","tag-medical-cannabis-card","tag-reduced-taxes"],"yoast_head":"\n