Senate Bill 316 and House Bill 2353 would legalize the possession of up to 28 grams of marijuana and allow facilities to sell marijuana products for adults over 21 and tax those sales "in a manner similar to alcohol".
Both proposals would make it legal for adults 21 and older to possess, grow and purchase limited amounts of marijuana.
The bills propose taxing marijuana at a rate of $50 per ounce at the wholesale level, while retail sales would be subject to the state's standard 6.25% sales tax.
The group Marijuana Policy Project estimates sales could generate between $349 million and $699 million a year in the state. 170. Sponsored by Rep. Maxine Grad (D), Rep. Charles Conquest (D), and Rep. Thomas Burditt (R), the bill would legalize the possession of no more than one ounce of marijuana and the cultivation of no more than "two mature marijuana plants and four immature marijuana plants", according to theVermont Digger.
Both measures must now be passed by their respective chambers before they can be sent to Governor Bruce Rauner for consideration.
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Drivers in Akron, Ohio, are paying about $2.10 a gallon, while West Virginia pumps are selling gas on average for $2.24. In Canada, rig counts have blossomed as well, where 207 (300%) more rigs are online versus a year ago.
Cassidy said marijuana prohibition creates far more problems than it prevents.
While introducing the identical bills, Steans told the General Assembly Wednesday that legalizing recreational use of marijuana was the next step.
Senate Appropriations Committee Chair Heather Steans, who introduced the senate bill, says instead of the money spent on marijuana going into the pockets of criminals, in a regulated system it would go into the cash registers of licensed, taxpaying businesses.
As with any new industry, marijuana can be regulated, but there are so many variables, such as what pesticides should be allowed, Pacula said, so there should be provisions for new laws to expire or be changed along the way. The estimated revenue for IL would be about a half-billion dollars a year. It would still be illegal to drive while under the influence of marijuana, and employers could still regulate its use in the workplace.