State lawmakers introduced legislation Wednesdaythat would end marijuana prohibition in Illinois and establish a system in which marijuana is regulated and taxed for adult use.
The Senate bill, SB 316, is sponsored by Senate Appropriations Committee Chairwoman Heather Steans (D-Chicago), while the House version, HB 2353, was presented by Rep. Kelly Cassidy (D-Chicago). Each would make it legal for adults 21 and older to possess, grow, and purchase limited amounts of marijuana. The state would license and regulate businesses to cultivate, process, test, and sell marijuana to adults, and it would create and enforce strict health and safety regulations, such as testing and labeling requirements and restrictions on marketing.
“Marijuana prohibition is a quagmire that creates far more problems than it prevents,” Cassidy said. “Several states have adopted sensible alternatives to prohibition, and it is time for Illinois to develop its own exit strategy. Regulating marijuana and removing the criminal element from marijuana production and sales will make our communities safer.”
The bills propose taxing marijuana at a rate of $50 per ounce at the wholesale level, and retail sales would be subject to the state’s standard 6.25% sales tax. Based on current usage rates and the market price of marijuana being sold for adults’ use in Colorado, the Marijuana Policy Project estimates regulated marijuana sales could generate between $349 million and $699 million per year in new revenue for Illinois.
“Right now, all the money being spent on marijuana is going into the pockets of criminals and cartels,” Steans said. “In a regulated system, the money would go into the cash registers of licensed, taxpaying businesses. It would generate hundreds of millions of dollars per year in new revenue for our state. Prohibition is a financial hole in the ground, and we should stop throwing taxpayer dollars into it.”
Eight states have enacted laws regulating and taxing marijuana for adult use. A February Quinnipiac University poll found 59% of U.S. voters think marijuana should be made legal. Polls conducted by the Pew Research Center and Gallup last October found support at 57% and 60%, respectively.
“People are fed up with laws that punish adults for using a substance that is far less harmful than alcohol,” said Chris Lindsey, senior legislative counsel for the Marijuana Policy Project. “The time is right for the Illinois General Assembly to re-examine marijuana prohibition and consider the potential benefits of a thoughtfully crafted regulatory system. The sky has not fallen in the eight states that have made marijuana legal for adults. It’s time for Illinois to move past prohibition and stop missing out on the jobs and revenue other states are already getting.”