CANNABIS TRANSPORTING LICENSE

Amends the Cannabis Regulation and Tax Act. Provides that entities awarded a cannabis transporting license may defer paying the associated license fee for a period of no more than 2 years. Provides that from January 1, 2023 through January 1, 2028, the Department of Agriculture shall not issue any new transporting licenses. Senate Committee Amendment No. 1 Provides that from January 1, 2023 through January 1, 2025 (rather than January 1, 2028), the Department of Agriculture shall not issue any new transporting licenses. Pension Note, House Committee Amendment No. 1 (Government Forecasting & Accountability) SB 3799, as amended by HA 1, will not impact any public pension fund or retirement system in the State of Illinois. State Debt Impact Note, House Committee Amendment No. 1 (Government Forecasting & Accountability) SB 3799, as amended by House Amendment 1, would not change the amount of authorization for any type of State-issued bond, and, therefore, would not affect the level of State indebtedness. Land Conveyance Appraisal Note, House Committee Amendment No. 1 (Dept. of Transportation) No land conveyances are included in Senate Bill 208, House Amendment #3; therefore, there are no appraisals to be filed. Housing Affordability Impact Note, House Committee Amendment No. 1 (Housing Development Authority) This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence. Fiscal Note, House Committee Amendment No. 1 (Financial & Professional Regulation) Illinois Department of Financial and Professional Regulation anticipates Senate Bill 3799, House Amendment No.1 to be cost neutral.