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Legal Marijuana Would Generate Hundreds Of Millions For Illinois, New Analysis Finds

Legal Marijuana Would Generate Hundreds Of Millions For Illinois, New Analysis Finds

Illinois voters just elected a new governor who supports legalizing, regulating and taxing marijuana—and a new study indicates that the state would reap significant economic benefits if lawmakers  follow through in 2019.

According to an analysis from the Illinois Economic Policy Institute and the Project for Middle Class Renewal at the University of Illinois, fully legalizing cannabis would bring in 24,000 jobs, more than $500 million in tax revenue and infuse about $1 billion into the state economy overall by 2020.

Legalization would also reduce law enforcement costs to the tune of about $18 million per year, the study found.

“Assuming similar usage and taxation rates as Colorado, we’d expect marijuana legalization to have more than twice the financial impact in Illinois because of our state’s comparatively larger size,” study co-author Frank Manzo IV said in a press release. “At a practical level, this means tens of thousands of new jobs and hundreds of millions of dollars in new tax revenues that can be invested in vital infrastructure, education, and public safety programs that have been most impacted by recent budget pressures in Springfield.”

Via the ILEPI.

The study also took into consideration claims opponents of legalization commonly make—but found they didn’t hold water. Cannabis consumption doesn’t increase post-legalization, opioid usage actually declines, there’s no spike in traffic fatalities and workplace accidents and absenteeism don’t change, the researchers affirmed.

“The claims of legalization opponents have been studied exhaustively in states that have begun to tax and regulate legal marijuana,” study co-author and University of Illinois Professor Robert Bruno said. “While these policies have consistently brought a myriad of benefits to taxpayers and the economy, the research has failed to find any correlation between legalization and increased usage or other social costs.”

Via the ILEPI.

The analysis comes at a convenient time, as advocates eye the Midwest as another potential frontier for marijuana reform. Illinois governor-elect, J.B. Pritzker (D), touted the economic benefits of legalization in a recent interview, telling Fox 32 News that it’s one revenue-generating policy that can be pursued “right away.”

Lawmakers in the state seem positioned to make good on that proposal, though the exact timing remains unclear. Sponsors of a legalization bill are planning to reintroduce legalization legislation in January, with hopes of getting it passed before the end of the legislative session in May. How the bill approaches taxation will likely be a major factor that lawmakers consider when the time comes.

https://massroots.wpengine.com/news/midwest-may-next-frontier-marijuana-legalization/

See the original article published on Marijuana Moment below:

Legal Marijuana Would Generate Hundreds Of Millions For Illinois, New Analysis Finds

$1 Million Cannabis Education Campaign Launching in Illinois

$1 Million Cannabis Education Campaign Launching in Illinois

If the people of Illinois were not aware of the medical cannabis program in their state, they will be soon.

One of the state’s largest cannabis cultivation companies, Cresco Labs, has announced their plan to spend over $1 million on a PSA campaign educating Illinoisans on the state’s new medical cannabis program.

The ad campaign will be spread out among many different avenues, including billboards, radio ads, digital ads, and 45,000 educational inserts in the sponsor bags of all Chicago Marathon participants.

Don’t expect to see any pot leafs or scantily clad women holding bongs though. These campaign advertisements, focused on the tag lines ‘State of Relief’ and ‘Relief has Arrived’, creatively illustrate information about the program using food and real people doing everyday activities framed in a would-be cannabis card.

Hats off to the creative agency who developed the campaign, their hard work is featured below.

We asked Cresco Labs CEO, Charlie Bachtell what his ultimate goal was with the campaign.

“We’re aiming to raise awareness about the medical cannabis program in Illinois and help people become educated on the subject matter of medicinal cannabis.”

Bachtell stated.

The Cresco Labs website is also an excellent educational tool for any person curious to learn more about medicinal cannabis. It provides ample scientific data and anecdotal evidence to which other patients are able to relate.

Coming off the recent news of recommended conditions, it looks like Cresco Labs will be a big player in providing medicine to Illinoisans in need.

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