Background
On June 25, 2019 Governor Pritzker signed the Cannabis Regulation and Tax Act (CRTA) which legalizes the sale, possession, and use of cannabis for recreational purposes in limited quantities by persons 21 years and older, beginning January 1, 2020. The Act sets tax rates on both wholesale transactions by cultivators and retail sales by dispensaries. CRTA also authorizes counties and municipalities to impose local taxes on retail sales up to 3%.
The Recreational Cannabis Act itself prohibits a new cannabis dispensary from locating in close proximity of another dispensary or certain protected uses. Municipalities may prohibit or significantly limit the location of recreational cannabis businesses by ordinance. On October 23, 2019 the Village Board approved ordinance 19-O-79 which prohibited the sale of recreational cannabis within the Village.