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Pending Rules And Competing Visions: Charting The Economic Development Potential Of Ohio's Recreational Cannabis Tax Revenues -

On November 7, 2023, Ohio voters approved Issue 2, a citizen-initiated statute to legalize recreational cannabis. Throughout the Issue 2 campaign, supporters...

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Illinois Cannabis Operators and Regulators Prepare for 2023 | News & Events

Illinois has seen record sales for recreational marijuana, which hit $1.55 billion in 2022 alone. This figure reflects a 12% increase from the previous year.

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Helios Labs, Illinois' First Social Equity Cannabis License Owner, Awarded $1M Loan From State's DCEO Program

/PRNewswire/ -- Helios Labs, a minority-owned craft cannabis grower located in Broadview, Illinois, announced it secured the first loan from the Illinois...

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Capitol Fax.com - Your Illinois News Radar » DCEO offers direct forgiveable loans for cannabis social equity participants

Capitol Fax.com - Your Illinois News Radar » DCEO offers direct forgiveable loans for cannabis social equity participants
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The Illinois Marijuana Industry Was Supposed to Bring Equity. Advocates Say Those Promises Are Falling Short

Illinois was supposed to be the national model when government leaders pledged they’d use the 2020 legalization of marijuana to right the wrongs of the war on drugs that disproportionately harmed Black and Latino communities. Nearly three years later, those poised to benefit say they’re still stymied.

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Capitol Fax.com - Your Illinois News Radar » * UPDATED x2 * Pritzker unveils budget plan

✓State Employee and Retiree Health Care Savings – the administration has negotiated over $900 million in health care cost savings.
✓ Estimated $650 million in collectively- bargained cost savings with employees through FY23.
✓ An additional $260 million in savings achieved through negotiated insurance rates and contract terms with providers.
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Behind the fancy savings language, I’m reading more delayed payments for health providers to state employees and retirees. Possibly higher co-pays or increased insurance payments by employees / retirees. And expectations of clawbacks in the next labor union contract.
Those 3 items in the summary come to $1.8B. Not quite smoke and mirrors, but not guaranteed. Likely a double whammy to existing state employees.

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