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The village of Matteson gave 4Front more than $100 million in tax breaks to build a grow facility there in 2021. The company said its main problem was getting electricity for the facility.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Good. Maybe IL could have asked taxpayers if they actually wanted pot to be legalized in the first place (like other states). 35% of the sales of cannabis were supposed to go to Illinois general fund. How can this state take in billions of dollars in sales and keep asking for more in taxes? What a scam.
Because they have more things they want to spend money on. Not that complicated.
Also, I don’t think there is a mechanism in Illinois for cannabis to be legalized through a public vote. If there was, home grow would have most likely been included. That would have cut into the states taxes so they said no.
Gosh…..they’re aren’t enough dope fiends in Chicagoland!
Another tax break scam to a most likely politically connected investor with no results other than tax money wasted. Par for the course with the democrats.
Looks like results from affirmative action hires as in Zimbabwe and South Africa. Population votes as usual by skin color rather than ability. Lightfoot and followed by BJ. The voters do not even attend church and have no vision of what things should be. How many voters have read the book of Judges? I am glad that I left years ago!
Not getting power to grow facility for 2 years will definitely cause a grow facility to fail. I would imagine that as power prices increase so will cannabis. Might need to let them start growing it outdoors and save some money on electricity.
I think the black market will keep cannabis prices from rising as they don’t have the regulations and tax obligations that legal weed growers have.
The state’s prices will likely continue to increase and black market suppliers will drive the balance of the stores bankrupt. Most people who routinely use Cannabis have another source and the black market price will remain stable. The entire idea of Government regulating cannabis is stupid, not only can the state not compete with the black market price, the state changes the laws to make it more difficult to determine what is and isn’t legal cannabis and whether the Police can even investigate it’s use or origin.
Bloodshed and turf wars aside, maybe the local dealer wasn’t that bad of a thing. At least they weren’t subsidized by the taxpayers.
“HIGH” school pot dealers can make a profit, but a business in Illinois cannot.
Yet another example of how government is no good at picking winners and losers.
Somebody won. I would bet the farm on it.