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Illinois on Friday became the country’s first state to legalize recreational marijuana cultivation and sales through its Legislature, a landmark move that paves the way for the creation of one of the nation’s largest adult-use cannabis markets offering “huge” business opportunities.

Marijuana Business Daily projects the Illinois rec market potentially will eclipse $2 billion in annual sales a few years after the program launches in early 2020, possibly reaching $2.5 billion a year depending on the number of tourists who make purchases.

The state is now poised to become the second in the Midwest to legalize recreational marijuana, after Michigan, whose voters passed a referendum last November.https://mjbizdaily.com/illinois-lawmakers-approve-2-billion-adult-use-cannabis-program/?utm_medium=email&utm_source=mjbiz_daily&utm_campaign=MJD_20190531_NEWS_Breaking_05312019