Illinois officially began implementing a bill passed last June, making it the 11th state in the United States to legalize recreational marijuana. Last June, Illinois Democratic Governor Pritzker signed a bill that would allow residents and visitors in the state to buy the drug from licensed pharmacies.
Under the state’s new law, adults over the age of 21 can have 30 grams of cannabinoids, 500 milligrams of tetrahydrocannabinol (THC) and 5 grams of cannabis concentrate. People visiting the state are allowed to buy 15 grams of the drug, but cannot transport it across state. Under the Act, the drug can only be used in private homes and specialized shops.
Freeman and Koski, a consulting firm, estimate that the move could generate between $440 million and $676 million in annual tax revenue for Illinois.