When it passes, Illinois would join 10 other states, including neighboring Michigan, in legalizing recreational marijuana. While the Illinois law would take effect Jan. 1, the first licenses for Illinois growers, processors and dispensaries wouldn't be issued until May and July 2020. Illinois Gov. J.B. Pritzker said today he's reached an agreement with key lawmakers on a plan to legalize recreational marijuana in the state starting next year. The legislation would allow adults 21 and older to legally buy cannabis for recreational use from licensed dispensaries. Illinois residents could possess up to about an ounce of marijuana, while non-residents could possess about half an ounce. Pritzker was joined by fellow Democratic lawmakers in Chicago to announce the deal, which comes after years of discussion among state legislators. They said the measure will be introduced Monday, kicking off debate at the Legislature, where Democrats hold a majority in both chambers. "Prohibition simply doesn't work. Nearly 800,000 Illinoisans use cannabis on regular basis with over 95 percent of those purchasing in the illicit market," said State Sen. Heather Steans, (D) 7th District. The proposal "starts righting some historic wrongs" against minority communities that have suffered from discriminatory drug policies and enforcement, the new governor said. "This bill advances equity by providing resources and second chances to people and communities that have been harmed by policies such as the failed 'war on drugs,'" said Lt. Gov. Juliana Stratton, who is black. The measure includes a $20 million low-interest loan program to help defray the costs of starting a licensed cannabis business for "social equity applicants." Those applicants would include people who have lived in a "disproportionately impacted area" - or communities with high rates of poverty and high rates of arrest and incarceration for marijuana offenses - or been arrested or convicted of offenses eligible for expungement. "I think now what's been put forward, a bill that is reflective of a lot of people's views," said Pritzker. He says the bill focuses on social justice and equity. One component of the bill is a loan program to open up the market. "This fund of roughly $20 million will help applicants who wouldn't otherwise have a shot at opening these businesses. That means that new up and coming entrepreneurs could start businesses in Illinois and create good jobs," Pritzker said. Critics of legalization, including law enforcement and the Illinois NAACP, have said it would lead to more addiction and mental health issues and would harm rather than help black communities. Reverend Gregory Seal Livingston says he plans to fight it. "None of this money is going to trickle down. Poor people will be consumers of this but they won't reap the benefits from this," said Rev. Gregory Seal Livingston. "We already got two vice taxes, raise taxes on those, don't add another vice." "The consequences of this bill are far reaching and will have devastating impacts on citizens, communities and youth," said Kevin Samet, founder and president of Smart Approaches to Marijuana. "Illinois lawmakers must take a smart, commonsense approach, and not welcome in another addiction-for-profit industry into the state." Medical cannabis is already legal in Illinois. Pritzker campaigned on the issue of legalizing recreational marijuana and is counting on $170 million from licensing fees in his proposed state budget for the fiscal year that starts July 1. He's said future revenue from legal marijuana will help Illinois address some of its deep financial problems. The governor's office said 35% of revenue from legal cannabis would go to the state's general operating fund, while an additional 25% would go into a new Restoring Our Communities fund. That money would be distributed as grants to communities that "have suffered the most because of discriminatory drug policies." Illinois would use 10% of revenue to pay a backlog of unpaid bills. The rest of the money would support mental health and substance abuse treatment, law enforcement grants and public education and awareness.