Illinois governor announces plan to legalize marijuana
Marijuana Stocks, Finance, & InvestingUncategorized May 11, 2019 MJ Shareholders
CHICAGO (AP) — Illinois Gov. J.B. Pritzker said Saturday he’s reached an agreement with key lawmakers on a plan to legalize recreational marijuana in the state starting next year.
The legislation would allow adults 21 and older to legally buy cannabis for recreational use from licensed dispensaries. Illinois residents could possess up to about an ounce (30 grams) of marijuana, while non-residents could possess about half an ounce (15 grams).
The measure also would automatically expunge some marijuana convictions.
If it passes, Illinois would join 10 other states, including neighboring Michigan, in legalizing recreational marijuana. While the Illinois law would take effect Jan. 1, the first licenses for Illinois growers, processors and dispensaries wouldn’t be issued until May and July 2020, the governor’s office said.
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