“Running a small business is very difficult. Starting a social equity cannabis business is even more difficult,” Cook County Board President Toni Preckwinkle said. The county is offering $3.6 million in grants to license holders, financed by the Cook County Equity Fund, which the county says “is dedicated to addressing historical disparities.”
Speaking of pot. The taxes are very high (pun intended) in Illinois. My question is if someone needs pot for medicinal purposes is it still taxed? There is no tax on prescription drugs so if you have an RX for say pain or glaucoma is it tax exempt?
In Illinois, medical marijuana and recreational marijuana are taxed differently, reflecting the state’s approach to encouraging medical use while benefiting from the revenue generated by recreational sales. Here are the key distinctions: 1. Tax Rates: Medical Marijuana: Medical marijuana is subject to a lower tax rate. Patients with a valid Medical Cannabis Patient Registry Card pay only the standard state sales tax, which is 1% for qualifying medical products. Recreational Marijuana: Recreational marijuana is taxed at a higher rate. There is a 10% tax on cannabis flower or products with less than 35% THC, a 20% tax on cannabis-infused products,… Read more »
You’re right. Not only that but the actual cost of the products are way lower as well. Although then you need to transfer it across state lines and drive through Indiana to get back to Illinois. The MAGAs over their want to lock you up for having some flowers from a plant. They still believe “Reefer Madness” was a documentary. Very backwards there so it may not be worth the risk.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Speaking of pot. The taxes are very high (pun intended) in Illinois. My question is if someone needs pot for medicinal purposes is it still taxed? There is no tax on prescription drugs so if you have an RX for say pain or glaucoma is it tax exempt?
In Illinois, medical marijuana and recreational marijuana are taxed differently, reflecting the state’s approach to encouraging medical use while benefiting from the revenue generated by recreational sales. Here are the key distinctions: 1. Tax Rates: Medical Marijuana: Medical marijuana is subject to a lower tax rate. Patients with a valid Medical Cannabis Patient Registry Card pay only the standard state sales tax, which is 1% for qualifying medical products. Recreational Marijuana: Recreational marijuana is taxed at a higher rate. There is a 10% tax on cannabis flower or products with less than 35% THC, a 20% tax on cannabis-infused products,… Read more »
Thanks. Appreciate the info.
Just purchase your pot in Michigan. The state taxes on the purchase are roughly 2/3 lower there.
You’re right. Not only that but the actual cost of the products are way lower as well. Although then you need to transfer it across state lines and drive through Indiana to get back to Illinois. The MAGAs over their want to lock you up for having some flowers from a plant. They still believe “Reefer Madness” was a documentary. Very backwards there so it may not be worth the risk.
Good to know you are a pothead
good one
pothead? lol. You’re old Debbie.