CANNABIS-IL FREEDOM FUND

Amends the Cannabis Regulation and Tax Act. Creates the Illinois Freedom Program as a subprogram within the Restore, Reinvest, and Renew (R3) Program for the purpose of issuing direct cash payments to eligible individuals who have been disproportionately impacted by historical cannabis enforcement. Creates the Illinois Freedom Fund as a special fund in the State treasury. Provides that the creation and operation of the Illinois Freedom Program shall not reduce, reallocate, delay, or otherwise diminish the amount of cannabis tax revenue distributed to existing R3 Area grantees. Authorizes the Illinois Criminal Justice Information Authority, in cooperation with the R3 Program Board, to adopt rules to implement and administer the Illinois Freedom Program and the Illinois Freedom Fund. Amends the State Finance Act. Provides for the transfer of certain amounts from the Criminal Justice Information Projects Fund to the Illinois Freedom Fund. Effective July 1, 2027.