Resource Page for Taxes on Cannabis Sales-UPDATED

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

Cannabis Taxes Information Page

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

Rules - See parts 422, 423, 424, 425, and 429 for Illinois regulations on cannabis.

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

Compliance Alert - CA 2021-03 - Proper Taxation of Cannabis Concentrates by Illinois Dispensaries