While state law currently allows for the cultivation of hemp to be overseen by some government bodies, the Industrial Hemp Act would make legal the commercial production of hemp.
Senate Bill 1294 creates the Industrial Hemp Act, which would require licensing for “any person desiring to grow, process, cultivate, harvest, process, possess, sell, or purchase industrial hemp or industrial hemp related products must be licensed by the Department of Agriculture.”
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...