102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5580
 
Introduced 1/31/2022, by Rep. Lamont J. Robinson, Jr.
 
SYNOPSIS AS INTRODUCED:
 

 
410 ILCS 705/7-20

     Amends the Cannabis Regulation and Tax Act.  Provides that for Social Equity Applicants, the Department of Financial and Professional Regulation and the Department of Agriculture shall waive 100% (rather than 50%) of any nonrefundable license application fees, any nonrefundable fees associated with purchasing a license to operate a cannabis business establishment, and any surety bond or other financial requirements, provided a Social Equity Applicant meets certain qualifications at the time the payment is due.
  


LRB102 25215 CPF 34486 b

 
 
A BILL FOR
 

  
HB5580LRB102 25215 CPF 34486 b


  
1    AN ACT concerning health.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Cannabis Regulation and Tax Act is amended  
5by changing Section 7-20 as follows:
 
6    (410 ILCS 705/7-20)

7    Sec. 7-20. Fee waivers. 
8    (a) For Social Equity Applicants, the Department of 
9Financial and Professional Regulation and the Department of 
10Agriculture shall waive 100% 50% of any nonrefundable license 
11application fees, any nonrefundable fees associated with 
12purchasing a license to operate a cannabis business 
13establishment, and any surety bond or other financial 
14requirements, provided a Social Equity Applicant meets the 
15following qualifications at the time the payment is due:
16        (1) the applicant, including all individuals and 
17    entities with 10% or greater ownership and all parent 
18    companies, subsidiaries, and affiliates, has less than a 
19    total of $750,000 of income in the previous calendar year; 
20    and 
21        (2) the applicant, including all individuals and 
22    entities with 10% or greater ownership and all parent 
23    companies, subsidiaries, and affiliates, has no more than 
 
 
HB5580- 2 -LRB102 25215 CPF 34486 b

1    2 other licenses for cannabis business establishments in 
2    the State of Illinois. 
3    (b) The Department of Financial and Professional 
4Regulation and the Department of Agriculture may require 
5Social Equity Applicants to attest that they meet the 
6requirements for a fee waiver as provided in subsection (a) 
7and to provide evidence of annual total income in the previous 
8calendar year. 
9    (c) If the Department of Financial and Professional 
10Regulation or the Department of Agriculture determines that an 
11applicant who applied as a Social Equity Applicant is not 
12eligible for such status, the applicant shall be provided an 
13additional 10 days to provide alternative evidence that he or 
14she qualifies as a Social Equity Applicant.  Alternatively, the 
15applicant may pay the remainder of the waived fee and be 
16considered as a non-Social Equity Applicant.  If the applicant 
17cannot do either, then the Departments may keep the initial 
18application fee and the application shall not be graded.

19(Source: P.A. 101-27, eff. 6-25-19.)