Illinois Real Estate & Cannabis Regulations

Cannabis Status: Open

The Illinois Cannabis Real Estate market recently came onto the market at the beginning of 2020 and offers a large opportunity in a thriving area. On our website we have many properties listed for cannabis use in Illinois and we have published our team’s research on Illinois demographics, market analysis, taxation, cannabis regulations and more to help you find the right location in this up and coming market.

Name: Illinois
Population: 12,740,000
Median Income: $62,992
Cannabis Uses: Retail, Distribution, Delivery, Cultivation, Manufacturing, Testing
State Cannabis Overview: Illinois has the 6th largest population and along with Michigan, the state legalized cannabis in the beginning of 2020 as well. Large metropolitan areas such as Chicago and its surrounding areas allow for potential-rich opportunities

Illinois Cannabis & Commercial Real Estate Research

Uses: Retail, Distribution, Delivery, Cultivation, Manufacturing, Testing

Distance Requirement: Within 1000 feet of perimeter of school grounds, playground, recreation center or facility, child care center, public park or library, game arcade in which admission is not restricted to age

Cap of Business for Adult-Use Dispensaries:

  • Chicago-Naperville-Elgin: 47
  • St Louis: 4
  • Peoria: 3
  • Northwest Illinois nonmetropolitan: 3
  • West Central illinois nonmetropolitan: 3
  • Rockford: 2
  • East Central Illinois Nonmetropolitan: 2
  • South Illinois Nonmetropolitan: 2

Tax Rate:

  • Infused food and beverages come with a 20% marijuana excise tax.
  • All other cannabis products containing 35% THC or less are subject to a 10% excise tax.
  • All other cannabis products containing more than 35% THC are subject to a 25% excise tax.
  • On top of that there’s a 6.25% statewide retail sales tax, and potentially other local municipal taxes (which may run up to 3%).

Medical is taxed at 1%

Visit CREC Portal for more information on Illinois Real Estate.

Source

Trusted Cannabis Professionals from CREC Directory

View the CREC Directory for our personally vetted and highly recommended professional service providers.

Law Office of Kim...
The Law Office of Kimberly R. Simms is a boutique law firm specializing in corporate business counseling and forma […]
Armanino LLP
Armanino is one of the 25 largest U.S. accounting and consulting firms. We are one of the few big firms that serve […]
Nine Point Strate...
Nine Point Strategies (NPS) has been protecting the cannabis industry for over a decade nationally. They provide s […]
AmeriCorp Interna...
National coverage available for cannabis protection to protect your dispensary, patients, and privacy. You can rel […]

How CREC Team Gets The Deal Done!

We now offer a full suite of services for cannabis industry professionals, entrepreneurs, service providers, real estate agents and brokers to successfully find viable cannabis real estate properties.

CREC Network of Brokerage Professionals

Gain the advanced knowledge, improve your listings awareness, and access a professional network essential for closing sales in the cannabis industry.

Cannabis Compliance Services

Ask us anything! Our compliance team will quickly improve your ability to safely execute cannabis business transactions or to evaluate your current operations.

CREC Technology Portal

Access the same interactive tools our real estate brokers use to research new locations for viable cannabis properties. Get your access today!

CREC Business Directory

Growing network of vetted cannabis professionals from attorneys to insurance to real estate agents. CREC Directory to be released soon!

Available Illinois Cannabis Business & Property Listings

Review our Illinois cannabis real estate for sale or lease below. We also have businesses in Illinois for sale with a cannabis license. Contact us for more information and sign up to be a buyer or a seller on our website to get started with your property in the state of Illinois.

We can help you find a property in our network, even if not listed in our online inventory. Ask us how!

How Can We Help Your Michigan Cannabis Real Estate Search?