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IL SB2215
Bill
Status
2/26/2021
Primary Sponsor
Jason Plummer
Click for details
AI Summary
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Prohibits General Assembly members and their immediate family members from holding ownership interests in privately held cannabis businesses or active interests in publicly traded cannabis companies during their term of office
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Prohibits General Assembly employees from holding similar cannabis business ownership interests during their employment
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Requires anyone currently holding prohibited cannabis ownership interests to divest within 30 days of the law's effective date
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Bars General Assembly members, their immediate family members, and General Assembly employees from receiving any compensation for services or employment with cannabis businesses
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Defines "immediate family member" as anyone living with a member, or a spouse, child, sibling, or parent of a member regardless of residence
Legislative Description
ETHICS-CANNABIS BUS OWNERSHIP
Last Action
Rule 3-9(a) / Re-referred to Assignments
4/16/2021