What marijuana reclassification means for Illinois
By John Frank
Published on April 24, 2026.
The federal government's decision to reclassify marijuana could boost the Illinois cannabis industry. The move could lower costs for businesses and make it easier for researchers to study cannabis' medical uses. While the federal government is reclassifying medical-use marijuana, it hasn't yet moved to recreational marijuana, which remains a Schedule I drug. This move could allow larger corporations access to federal tax deductions previously had not existed. The Department of Justice's review will begin on June 29 and finish by July 15.
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