Signed as Law: Illinois Eliminates State Conformity with IRS Section 280E for Marijuana Businesses
SPRINGFIELD, Ill. (June 13, 2023) – Last week, Illinois Governor J.B. Pritzker signed a bill that includes provisions eliminating the state’s conformity with Internal Revenue Code (IRC) Section 280E. The enactment of this provision provides limited but important...
To the Governor: Illinois Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses
SPRINGFIELD, Ill. (May 30, 2023) – Last week, the Illinois House gave final approval to a bill that includes provisions that would eliminate the state’s conformity with Internal Revenue Code (IRC) Section 280E. The enactment of this provision would represent a...
Illinois Bill Would Legalize Psilocybin Despite Federal Prohibition
SPRINGFIELD, Ill. (March 10, 2022) – Last week, an Illinois House committee held a hearing on a bill that would legalize the possession of “magic mushrooms” despite the ongoing federal prohibition of psilocybin. The passage of the bill would set the stage to nullify...