Sec. 7-30. Reporting.

281 words·~1 min read·/il/chapter-410/act-705/7-30

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 7-30. Reporting. By January 1, 2021, and on January 1 of every year thereafter, or upon request by the Illinois Cannabis Regulation Oversight Officer, each cannabis business establishment licensed under this Act and the Compassionate Use of Medical Cannabis Program Act shall report to the Illinois Cannabis Regulation Oversight Officer, on a form to be provided by the Illinois Cannabis Regulation Oversight Officer, information that will allow it to assess the extent of diversity in the medical and adult use cannabis industry and methods for reducing or eliminating any identified barriers to entry, including access to capital.

Failure of a cannabis business establishment to respond to the request of the Cannabis Regulation Oversight Officer to complete the form, report, and any other request for information may be grounds for disciplinary action by the Department of Financial and Professional Regulation or the Department of Agriculture. The information to be collected shall be designed to identify the following:

(1)the number and percentage of licenses provided to Social Equity Applicants and to

businesses owned by minorities, women, veterans, and people with disabilities;

(2)the total number and percentage of employees in the cannabis industry who meet the

criteria in item (3)(i) or (3)(ii) in the definition of Social Equity Applicant or who are minorities, women, veterans, or people with disabilities;

(3)the total number and percentage of contractors and subcontractors in the cannabis

industry that meet the definition of a Social Equity Applicant or who are owned by minorities, women, veterans, or people with disabilities, if known to the cannabis business establishment; and

(4)recommendations on reducing or eliminating any identified barriers to entry,

including access to capital, in the cannabis industry.