Illinois is now the 11th state in the U.S. to legalize recreational marijuana.
Democratic Governor J.B. Pritzker signed the legalization bill into law on Tuesday, just a few weeks after the proposal was passed by the state legislature.
“With this legislation, our state once again is a leader, putting forward the most equity-centric cannabis legalization in the nation,” Pritzker said at the signing ceremony. Pritzker, who came into office in January, has long advocated for legalization and campaigned heavily on the issue.
The law — known as the Cannabis Regulation and Tax Act — declares that cannabis will be "regulated in a manner similar to alcohol." Adults 21 years old and older will be able to legally purchase and possess up to 30 grams of marijuana and cannabis-infused products with up to 500 milligrams of THC.
The legislation also creates a framework for the expungement of non-violent, cannabis charges. Those charged with under 30 grams of marijuana will automatically have their cases reviewed through the governor's clemency program; individuals charged with 30 - 500 grams can submit petitions for the court to clear their records.
The state said that roughly 700,000 cases are eligible for expungement and 405,000 cases will be sent through the clemency process for automatic expungement.
"The time for justice is now, especially for communities of color who have long been disproportionately impacted by low-level cannabis convictions and the failed war on drugs,” Kim Foxx, the Cook County State's Attorney, said in a statement. “We look forward to continuing our efforts to ensure the broadest relief possible under this revolutionary law."
Illinois also made history for being the first state in the U.S. to legalize commercial cannabis through the state legislature, as opposed to a voter referendum.
The law allows licensed growers and sellers to operate up to three cultivation centers and 10 dispensaries. It also creates a $30 million low-interest loan program to help businesses enter the sector.
"This team effort sets a new standard for what cannabis reform can look like when undertaken with an openness to tough discussions, a commitment to strong outcomes and a willingness to do the hard work together," state Rep. Kelly Cassidy said in a statement. "We set out to do this differently and we did.”
Several other statehouses, including New York and New Jersey, have attempted and failed to pass legalization bills.
Illinois' law will go into effect on January 1, 2020.
On this episode of Cheddar Innovates: CEO of Achieve Life Sciences discusses a new plant-based compound that's being used to fight nicotine addiction; President & CEO OF DiaMedica Therapeutics explains a new ischemic stroke treatment option that expands the window for effective therapy for stroke patients; Cheddar gets a look at Curiosity Stream's 'Asteroid Rush.'
Catching you up on today's entertainment headlines with the Tribeca Film Festival has kicked off in NYC, "Black Adam," starring Dwayne "The Rock" Johnson dropped its first full trailer, the musical "Come From Away" based on a true story set during 9/11 will be closing on Broadway this October, and more.
Survivors of Larry Nassar, including Olympian Simone Biles, are seeking $1 billion in damages from the FBI due to its failure to investigate the former gymnastics team doctor convicted of committing years of serial sexual abuse of minors. Jack Queen, a senior reporter at Law360, joined Cheddar News to break down the legal grounds of this case. "This is one of the biggest black eyes that the Bureau has faced in generations, quite frankly, and the FBI has taken full responsibility and admitted that it completely botched this investigation," he said. "So, there's a lot of pressure to settle."
The Elevate Prize Foundation is donating $10,000 to different grassroots organizations based on a theme every month to help scale their work, focusing on a different theme each time. Upcoming prizes will help uplift an organization supporting the LGBTQ community and one mobilizing to help end gun violence. The foundation's CEO Carolina Garcia Jayaram joined Cheddar to discuss the initiative and why it's important to uplift these grassroots organizations. "We are identifying social entrepreneurs around the world to help them scale their work. but the ultimate purpose of that is to create the first-ever fanbase for good," she said. "We're trying to make good famous and by inspiring people to think about the role they can play in doing good in the world."
With real estate being a largely male-dominated industry, Stephanie Shojaee, vice president and chief marketing officer at development company Shoma Group, joined Cheddar News to discuss how she took on the gender gap for women to achieve leadership roles, starting at her own company. “It's been very important to teach all the women that work here, especially the younger ones, that they shouldn't change themselves," she said. "You need to be happy with who you are and just keep breaking barriers."
We are already starting to feel the effects of summer. Heat waves in Texas and California are already sending temperatures soaring. That could spell trouble for the nation's power supply. there are new concerns about outages in many areas of the country. Cheddar's Shannon Lanier explains the two main causes of blackouts, and what states are doing to keep the lights on and the air conditioning running.
If you have been on the road this past year, you've probably seen more accidents on the road than you ever have. You're not wrong. Traffic fatalities are not only increasing they are hitting historic highs. Almost 43,000 people died in motor vehicle accidents in 2021. Cheddar's Shannon Lanier investigates - and finds out why.
U.S. stocks close Tuesday at session highs after a subpar start to the trading day. Tim Chubb, Chief Investment Officer at the wealth advisory firm, Girard, joins Cheddar News' Closing Bell to discuss. 'We're starting to see the moderation of three core things -- we've seen the moderation of prices, we've seen the moderation of wage growth we've seen in the labor market, and we've also seen a moderation of job openings,' he says.
The victims from the USA gymnastics sexual abuse scandal continue to seek justice. Survivors of Larry Nassar are seeking more than one-billion dollars from the FBI for failing to stop the convicted sports doctor when the agency first received allegations. According to a report released by the Justice Department's Inspector General, FBI agents knew
in July of 2015 that Nassar was accused of abusing gymnasts; however, Nassar wasn't arrested until December of 2016. The group that filed the claim includes Olympic medalist Simone Biles and around 90 other women. Louise Radnofsky, sports reporter at The Wall Street Journal, joins Cheddar News' Closing Bell to discuss.
Tattoo artist Katrina "Kat Tat" Jackson, famous for starring in the VH1 hit series "Black Ink Crew: Chicago," is also the first Black woman to own a tattoo shop in Beverly Hills. She joined Cheddar News to discuss her trailblazing work, the stigma BIPOC tattoo artists face in the industry, and the way the space has changed for artists of color since her start. "In the beginning, I remember walking into a tattoo shop just like, hey, I wanna learn, I wanna be a tattoo artist and kind of just being laughed at, not taken seriously," she said. "Even with the tattoo conventions, a lot of African American tattoo artists were almost scared to go to conventions because it's not a welcoming environment."