Illinois enacted legislation creating a Cannabis Purchaser Excise Tax and permitting counties and municipalities to impose, by ordinance, a local retailers’ occupation tax on all persons engaged in the business of selling adult use cannabis at retail. CBD products, such as CBD oils, derived from industrial hemp that contain 0.3% or less of THC are not subject to the Cannabis Purchaser Excise Tax or the cannabis-specific local retailers’ occupation taxes.
Additional information may also be found on the Department of Revenue’s website.
