Illinois 103rd Regular Session Status: In Committee 1 D cosponsors

SB 3785 — CANNABIS-SOCIAL EQUITY

Last action — Pursuant to Senate Rule 3-9(b) / Referred to Assignments

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 103rd Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Cannabis Regulation and Tax Act. Provides that the Cannabis Business Development Fund may be used to provide financial assistance that supports lending to or private investment in qualified Social Equity Applicants and Social Equity Lottery Licensees or facilitates access to the facilities needed to commence operations on a cannabis business establishment. Provides that the Department of Commerce and Economic Opportunity may enter into financial agreements to facilitate lending to or investment in qualified Social Equity Applicants or Social Equity Lottery Licensees, or their subsidiaries or affiliates, to ensure the availability of facilities necessary to operate a cannabis business establishment. Provides that notwithstanding anything in the confidentiality provisions of the Act to the contrary, the Department of Financial and Professional Regulation and the Department of Agriculture may share licensee information with the Department of Commerce and Economic Opportunity necessary to support the administration of Social Equity programming.

Bill Text

How this bill changes current law

4 changes Share ↗

Compared against the Illinois Compiled Statutes as published AI-generated reading aid — verify against the official bill.

The bill amends the Cannabis Regulation and Tax Act to clarify the use of the Cannabis Business Development Fund and adjust confidentiality provisions related to Social Equity programming.

  • 410 ILCS 705/1-10

    to provide financial assistance that supports lending to or private investment in qualified Social Equity Applicants and Social Equity Lottery Licensees or facilitates access to the facilities needed to commence operations on a cannabis business establishment.

    It allows the Cannabis Business Development Fund to be used for financial assistance that promotes lending and investment in qualified applicants.

  • 410 ILCS 705/7-10

    The Department of Commerce and Economic Opportunity may enter into financial agreements to facilitate lending to or investment in qualified Social Equity Applicants or Social Equity Lottery Licensees, or their subsidiaries or affiliates, to ensure the availability of facilities necessary to operate a cannabis business establishment.

    It enables the Department of Commerce and Economic Opportunity to enter into financial agreements to support lending and investment in qualified applicants.

  • 410 ILCS 705/55-30

    Notwithstanding any other law to the contrary → Notwithstanding anything in the confidentiality provisions of the Act to the contrary

    It modifies the language regarding confidentiality to clarify the sharing of licensee information for the administration of Social Equity programming.

  • 410 ILCS 705/55-30

    the Department of Financial and Professional Regulation and the Department of Agriculture may share licensee information with the Department of Commerce and Economic Opportunity necessary to support the administration of Social Equity programming. → the Department of Financial and Professional Regulation and the Department of Agriculture may share licensee information with the Department of Commerce and Economic Opportunity as necessary to support the administration of Social Equity programming.

    It clarifies that the sharing of licensee information is necessary for effectively managing Social Equity programs.

Action History

  1. Pursuant to Senate Rule 3-9(b) / Referred to Assignments

  2. Rule 2-10 Committee/3rd Reading Deadline Established As May 26, 2024

  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 25, 2024

  4. Rule 2-10 Committee Deadline Established As May 24, 2024

  5. Rule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024

  6. Rule 2-10 Third Reading Deadline Established As May 3, 2024

  7. Rule 2-10 Committee Deadline Established As May 3, 2024

  8. Rule 2-10 Committee Deadline Established As April 5, 2024

  9. To Subcommittee on Cannabis

  10. Assigned to Executive

  11. Referred to Assignments

  12. First Reading

  13. Filed with Secretary by Sen. Kimberly A. Lightford

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 182 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (182)

182 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

public-safety finance civil-rights labor
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Frequently asked questions

What does SB 3785 do?
Amends the Cannabis Regulation and Tax Act. Provides that the Cannabis Business Development Fund may be used to provide financial assistance that supports lending to or private investment in qualified Social Equity Applicants and Social Equity Lottery Licensees or facilitates access to the facilities needed to commence operations on a cannabis business establishment. Provides that the Department of Commerce and Economic Opportunity may enter into financial agreements to facilitate lending to or investment in qualified Social Equity Applicants or Social Equity Lottery Licensees, or their subsidiaries or affiliates, to ensure the availability of facilities necessary to operate a cannabis business establishment. Provides that notwithstanding anything in the confidentiality provisions of the Act to the contrary, the Department of Financial and Professional Regulation and the Department of Agriculture may share licensee information with the Department of Commerce and Economic Opportunity necessary to support the administration of Social Equity programming.
Who sponsors SB 3785?
SB 3785 is sponsored by Kimberly A. Lightford (Democrat).
What is the current status of SB 3785?
This bill died with 103rd Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 3785?
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