(410 ILCS 705/55-65)
Sec. 55-65. Financial institutions. (a) A financial institution that provides financial services customarily provided by financial institutions to a cannabis business establishment authorized under this Act or the Compassionate Use of Medical Cannabis Program Act, or to a person that is affiliated with such cannabis business establishment, is exempt from any criminal law of this State as it relates to cannabis-related conduct authorized under State law. (b) Upon request of a financial institution, a cannabis business establishment or proposed cannabis business establishment may provide to the financial institution the following information: (1) Whether a cannabis business establishment with |
| which the financial institution is doing or is considering doing business holds a license under this Act or the Compassionate Use of Medical Cannabis Program Act;
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(2) The name of any other business or individual
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| affiliate with the cannabis business establishment;
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(3) A copy of the application, and any supporting
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| documentation submitted with the application, for a license or a permit submitted on behalf of the proposed cannabis business establishment;
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(4) If applicable, data relating to sales and the
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| volume of product sold by the cannabis business establishment;
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(5) Any past or pending violation by the person of
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| this Act, the Compassionate Use of Medical Cannabis Program Act, or the rules adopted under these Acts where applicable; and
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(6) Any penalty imposed upon the person for violating
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| this Act, the Compassionate Use of Medical Cannabis Program Act, or the rules adopted under these Acts.
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(c) (Blank).
(d) (Blank).
(e) Information received by a financial institution under this Section is confidential. Except as otherwise required or permitted by this Act, State law or rule, or federal law or regulation, a financial institution may not make the information available to any person other than:
(1) the customer to whom the information applies;
(2) a trustee, conservator, guardian, personal
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| representative, or agent of the customer to whom the information applies; a federal or State regulator when requested in connection with an examination of the financial institution or if otherwise necessary for complying with federal or State law;
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(3) a federal or State regulator when requested in
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| connection with an examination of the financial institution or if otherwise necessary for complying with federal or State law; and
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(4) a third party performing services for the
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| financial institution, provided the third party is performing such services under a written agreement that expressly or by operation of law prohibits the third party's sharing and use of such confidential information for any purpose other than as provided in its agreement to provide services to the financial institution.
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(Source: P.A. 101-27, eff. 6-25-19; 101-593, eff. 12-4-19.)
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(410 ILCS 705/55-80)
Sec. 55-80. Annual reports. (a) The Department of Financial and Professional Regulation shall submit to the General Assembly and Governor a report, by September 30 of each year, that does not disclose any information identifying information about cultivation centers, craft growers, infuser organizations, transporting organizations, or dispensing organizations, but does contain, at a minimum, all of the following information for the previous fiscal year: (1) The number of licenses issued to dispensing |
| organizations by county, or, in counties with greater than 3,000,000 residents, by zip code;
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(2) The total number of dispensing organization
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| owners that are Social Equity Applicants or minority persons, women, or persons with disabilities as those terms are defined in the Business Enterprise for Minorities, Women, and Persons with Disabilities Act;
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(3) The total number of revenues received from
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| dispensing organizations, segregated from revenues received from dispensing organizations under the Compassionate Use of Medical Cannabis Program Act by county, separated by source of revenue;
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(4) The total amount of revenue received from
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| dispensing organizations that share a premises or majority ownership with a craft grower;
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(5) The total amount of revenue received from
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| dispensing organizations that share a premises or majority ownership with an infuser; and
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(6) An analysis of revenue generated from taxation,
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| licensing, and other fees for the State, including recommendations to change the tax rate applied.
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(b) The Department of Agriculture shall submit to the General Assembly and Governor a report, by September 30 of each year, that does not disclose any information identifying information about cultivation centers, craft growers, infuser organizations, transporting organizations, or dispensing organizations, but does contain, at a minimum, all of the following information for the previous fiscal year:
(1) The number of licenses issued to cultivation
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| centers, craft growers, infusers, and transporters by license type, and, in counties with more than 3,000,000 residents, by zip code;
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(2) The total number of cultivation centers, craft
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| growers, infusers, and transporters by license type that are Social Equity Applicants or minority persons, women, or persons with disabilities as those terms are defined in the Business Enterprise for Minorities, Women, and Persons with Disabilities Act;
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(3) The total amount of revenue received from
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| cultivation centers, craft growers, infusers, and transporters, separated by license types and source of revenue;
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(4) The total amount of revenue received from craft
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| growers and infusers that share a premises or majority ownership with a dispensing organization;
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(5) The total amount of revenue received from craft
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| growers that share a premises or majority ownership with an infuser, but do not share a premises or ownership with a dispensary;
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(6) The total amount of revenue received from
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| infusers that share a premises or majority ownership with a craft grower, but do not share a premises or ownership with a dispensary;
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(7) The total amount of revenue received from craft
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| growers that share a premises or majority ownership with a dispensing organization, but do not share a premises or ownership with an infuser;
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(8) The total amount of revenue received from
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| infusers that share a premises or majority ownership with a dispensing organization, but do not share a premises or ownership with a craft grower;
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(9) The total amount of revenue received from
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(10) An analysis of revenue generated from taxation,
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| licensing, and other fees for the State, including recommendations to change the tax rate applied.
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(c) The Illinois State Police shall submit to the General Assembly and Governor a report, by September 30 of each year that contains, at a minimum, all of the following information for the previous fiscal year:
(1) The effect of regulation and taxation of cannabis
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| on law enforcement resources;
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(2) The impact of regulation and taxation of cannabis
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| on highway and waterway safety and rates of impaired driving or operating, where impairment was determined based on failure of a field sobriety test;
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(3) The available and emerging methods for detecting
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| the metabolites for delta-9-tetrahydrocannabinol in bodily fluids, including, without limitation, blood and saliva;
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(4) The effectiveness of current DUI laws and
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| recommendations for improvements to policy to better ensure safe highways and fair laws.
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(d) The Adult Use Cannabis Health Advisory Committee shall submit to the General Assembly and Governor a report, by September 30 of each year, that does not disclose any identifying information about any individuals, but does contain, at a minimum:
(1) Self-reported youth cannabis use, as published in
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| the most recent Illinois Youth Survey available;
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(2) Self-reported adult cannabis use, as published in
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| the most recent Behavioral Risk Factor Surveillance Survey available;
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(3) Hospital room admissions and hospital
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| utilization rates caused by cannabis consumption, including the presence or detection of other drugs;
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(4) Overdoses of cannabis and poison control
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| data, including the presence of other drugs that may have contributed;
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(5) Incidents of impaired driving caused by
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| the consumption of cannabis or cannabis products, including the presence of other drugs or alcohol that may have contributed to the impaired driving;
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(6) Prevalence of infants born testing
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| positive for cannabis or delta-9-tetrahydrocannabinol, including demographic and racial information on which infants are tested;
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(7) Public perceptions of use and risk of harm;
(8) Revenue collected from cannabis taxation and how
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(9) Cannabis retail licenses granted and locations;
(10) Cannabis-related arrests; and
(11) The number of individuals completing required
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(e) Each agency or committee submitting reports under this Section may consult with one another in the preparation of each report.
(Source: P.A. 101-27, eff. 6-25-19; 101-593, eff. 12-4-19; 102-538, eff. 8-20-21.)
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