Illinois Releases Plans for Cannabis Regulation
Ryan Allway
January 23rd, 2014
Policy, Top News
Illinois released a long list of planned regulations of cannabis for public comment this week. Patients that wish to consume medical cannabis would have to be fingerprinted for a background check, give up their right to own a gun, and pay $150 per year for the privilege, according to plans released by the Illinois Department of Public Health earlier this week.
The firearm requirement appears to be an attempt to comply with federal laws that prohibit gun buyers from being an unlawful user of marijuana or other controlled substances. On a federal level, cannabis remains a Class I narcotic that remains illegal even if states approve its use, although the Department of Justice indicated that it wouldn’t target those states.
With regards to the production of marijuana, cultivation centers would be required to track inventory levels and have extensive surveillance systems. The facilities would also have to be located more than 2,500 feet away from a school, child care center, or residential area, and they could only sell to registered dispensaries located within the state.
The state expects upwards of 10,000 applicants and many comments from the public that will be used to shape future policy. If approved, Illinois would become the 20th state to allow medical marijuana. More information is available at http://mcpp.illinois.gov or by reading coverage from the Chicago Tribune.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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