Illinois Department of Financial and Professional Regulation
State Government: Agencies/Departments/Divisions | Business Regulation
Recent News About Illinois Department of Financial and Professional Regulation
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Cannabis sales increase in January 2024 compared to previous year
The adult-use cannabis sales figures for January 2024 have been released. According to the data, a total of 3,551,727 items were sold. The sales from in-state residents amounted to $104,048,656.70, while out-of-state resident sales reached $29,739,097.19. This resulted in a combined total of $133,787,753.89 for the month.
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Illinois regulators announce December 2023 enforcement actions
The Illinois Department of Financial and Professional Regulation (IDFPR) has disclosed the enforcement actions taken in December 2023. The announcement was made by Francisco Menchaca, Director of Financial Institutions; Camile Lindsay, Acting Director of Professional Regulation; and Laurie Murphy, Director of Real Estate.
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Illinois cannabis sales reach over $1.6 billion in 2023
The Illinois Department of Financial and Professional Regulation (IDFPR) has reported that adult-use cannabis sales in the state reached a new high in 2023, surpassing $1.6 billion. This marks the third consecutive year of record-setting growth for cannabis sales in Illinois.
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Illinois bank reports low interest rates on savings accounts
The Illinois Department of Financial and Professional Regulation, Division of Banking has released information regarding the interest rate for savings accounts. As of December 31, 2023, the largest commercial bank in Illinois reported an interest rate of 0.005% on minimum deposit savings accounts. The Annual Percentage Yield (APY) associated with this rate is noted to be 0.01%.