Illinois looks at legalizing and taxing marijuana -

Illinois looks at legalizing and taxing marijuana

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A pair of Illinois lawmakers are proposing to drop the legal prohibition of marijuana and taxing its legal sales.

St. Rep. Kelly Cassidy and St. Sen. Heather Steans, both Chicago area Democrats, filed the bill in Springfield on Wednesday.

The proposal aims to restrict sales to adults 21 and older, and tax the sales at $50 per ounce wholesale and at the state's 6.25 percent sales tax at retail.

Illinois currently does allow the sale of medical marijuana, however there are still laws and penalties for possessing, growing and selling marijuana outside of the regulated medical program.

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