# Illinois SB2954: FINANCE-CANNABIS REGULATION

Illinois SB2954, FINANCE-CANNABIS REGULATION, is a 104th General Assembly (2025–2026) Senate bill sponsored by Willie Preston (Democratic); status in committee, last action 2026-05-22 (Rule 3-9(a) / Re-referred to Assignments) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB2954-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB2954
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: FINANCE-CANNABIS REGULATION
- Status: in committee
- Chamber: Senate
- Introduced: 2026-01-27
- Last action: 2026-05-22, Rule 3-9(a) / Re-referred to Assignments
- Sponsor: Willie Preston (Democratic)
- Cosponsors: 4
- Subjects: assignments, appropriations- education
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the State Finance Act. Creates the Prison Education Fund. Provides that moneys in the Prison Education Fund shall be used by the Illinois Community College Board and the Board of Higher Education to make grants to prison education programs that award associate degrees or bachelor's degrees to currently incarcerated students. Makes changes concerning the allocation of money from the Cannabis Regulation Fund. Provides that 0.5% of the moneys in the Cannabis Regulation Fund, after certain allocations have been made, shall be transferred from the Cannabis Regulation Fund to the Prison Education Fund.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Willie Preston (Democratic), Senate
- Cosponsor: Adriane L. Johnson (Democratic), Senate
- Cosponsor: Bill Cunningham (Democratic), Senate
- Cosponsor: Kimberly A. Lightford (Democratic), Senate
- Cosponsor: Mattie Hunter (Democratic), Senate

## Actions (12)

- 2026-05-22: Rule 3-9(a) / Re-referred to Assignments (Senate)
- 2026-05-15: Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026 (Senate)
- 2026-04-24: Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026 (Senate)
- 2026-04-21: Added as Co-Sponsor Sen. Kimberly A. Lightford (Senate)
- 2026-03-13: Rule 2-10 Committee Deadline Established As April 24, 2026 (Senate)
- 2026-03-03: Added as Co-Sponsor Sen. Adriane L. Johnson (Senate)
- 2026-02-04: Added as Co-Sponsor Sen. Mattie Hunter (Senate)
- 2026-02-04: Added as Co-Sponsor Sen. Bill Cunningham (Senate)
- 2026-02-03: Assigned to Appropriations- Education (Senate)
- 2026-01-27: Referred to Assignments (Senate)
- 2026-01-27: First Reading (Senate)
- 2026-01-27: Filed with Secretary by Sen. Willie Preston (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2954.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2954.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-SB2954-2025-2026 (as of 2026-11-01).