For a long time, the federal government has outlawed cannabis, and it is no question that certain communities have suffered most from its decades’ long law war on marijuana. Aside from creating new job opportunities and producing tax revenue from sales, advocates for legalizing marijuana have argued that legalizing it would be the first step in stopping this unfair persecution. Indeed, several states that have legalized cannabis within their borders have directed substantial funds towards repairing the damage the war on drugs has had on certain communities.
Illinois, for instance, has had a very lucrative legal cannabis scene, and a large percentage of the funds received from cannabis sales tax has been channeled towards good causes. On Tuesday, for instance, the state announced that $31.5 million derived from cannabis sales tax has been made available in restorative justice grants. Last year, Governor J.B Pritzker signed a legalization bill that established a Restore, Reinvest, and Renew [R3] program which was created to provide grant opportunities for ‘communities impacted by economic disinvestment, violence and the severe multilayered harm caused by…
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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