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US (IL): Lawmakers propose bill to change MMJ tax code

Illinois lawmakers have proposed a bill that would change the tax code to reflect other prescription drug taxes.

The bill would amend the Retailers' Occupation Tax Act to recognize cannabis as a prescription and nonprescription medicine and drugs as long as a buyer purchases it from a dispensary and has a medical cannabis card.

The proposal would also amend the Cannabis Regulation and Tax Act to stop certain cannabis-infused products being used for medicinal purposes from being taxed twice.

The bill was proposed by Illinois Rep. Sonya Harper (D) on January 10th. The potential law was referred to the House Rules Committee on January 28th.

Read more at Yahoo! News