Resource Page for Taxes on Cannabis Sales-UPDATED

1/22/2020

Public Act (P.A.) 101-0027 (as further amended by P.A. 101-0363 and P.A. 101-0593) created the Cannabis Regulation and Tax Act. The Act provides for the controlled legalization of Adult Use Cannabis and sets forth rules and provisions for the taxation of adult use cannabis in the state of Illinois (410 ILCS 705/60-1 et seq., 410 ILCS 705/65-1 et seq., 55 ILCS 5/5-1006.8, and 65 ILCS 5/8-11-23).

Medical cannabis sales are authorized by the Compassionate Use of Medical Cannabis Program Act (410 ILCS 130/1, et seq.).


Resources

FY Bulletin 2020-12 - Reporting and paying tax on cannabis sales

FY Bulletin 2020-16 - Municipalities and Counties may impose a local Cannabis Retailers' Occupation Tax beginning July 1, 2020

FAQs

Proposed Rule Section-coming soon

Cannabis Taxes

Compliance Alert - CA 2020-2 - Cannabis Dispensaries Charging the Incorrect Tax Rates on Cannabis Sales