Greising: Flawed Weed and Gambling Laws Allow Industries to Hide Investors
BGA President David Greising writes every other week for the Chicago Tribune Opinion section.
The lines for cannabis sales in Illinois have stretched around the block. Shortages are common. Demand is better than expected. It could be a year before supply meets demand.
No wonder retail cannabis sales in January, the first month of sales, amounted to nearly $40 million. The $10 million in taxes puts Gov. J.B. Pritzker more than a third of the way toward his estimate of tax revenue for the first half-year of marijuana sales.
The tax haul for the state would have been larger, and weed investors would have grown even richer, had supply not run short.
And who are the investors cashing in on the Illinois weed bonanza? What kind of political contributions did they make? Did they have any unseemly business connections in their backgrounds to concern residents of the state?
Read the rest at chicagotribune.com