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Illinois’ weed windfall from taxes rivals booze haul — and could surpass it next year

December 15, 2020
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Amid skyrocketing demand for legal weed in Illinois, statewide tax receipts from recreational pot sales are now rivaling those from booze. November’s tax revenues from adult-use cannabis, which reflect the record $75.28 million in sales tallied in October, reached nearly…

Cash-strapped Illinois turning down $100M in pot taxes, industry says

November 17, 2020
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With Illinois facing a nearly $4 billion budget deficit next year, lawmakers and cannabis industry insiders have claimed the state is missing out on more than $100 million in tax revenue by blocking certain pot shops from relocating. While the…

Downstate judge orders Illinois not to rescore marijuana license applications while controversial issue plays out in court

October 29, 2020
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A court has ordered Illinois officials to hold off on rescoring license applications for recreational marijuana dispensaries, delaying the controversial process for at least a week, records show. State officials agreed to the ruling, which freezes a plan by Gov.…

Recreational marijuana tax revenue passes $100 million in Illinois

October 15, 2020
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Illinois has collected more than $100 million in recreational marijuana tax revenue since legalizing sales on January 1, according to the state’s Department of Revenue. The tax revenue, which includes a cannabis tax, as well as state and local sales taxes, reflects…

Illinois marijuana license finalists file lawsuit over second-chance applications

Investors who won a chance for a license to sell recreational marijuana in Illinois have filed a lawsuit asserting it’s illegal to give other applicants a second chance. The legal action sets up a potential court battle over when to…

Illinois recreational marijuana sales hit record of nearly $68 million in September

The recreational weed business keeps growing in Illinois, with the state’s adult use cannabis dispensaries generating nearly $68 million in sales during September. The new sales record, reported Monday by the state, tops August sales by nearly $4 million. It…

Ex-pot regulator, now on Cook County Bd., offered paid help to weed shop hopefuls

Bridget Degnen was among multiple ex-state employees who have sought to cash in as officials award the next round of highly lucrative pot shop licenses. After serving as one of Illinois’ top cannabis regulators, Cook County Commissioner Bridget Degnen pitched…

Illinois marijuana dispensary application lottery changes announced by Gov. Pritzker

September 24, 2020
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New process aims to support social equity applications; those who fell short should reapply CHICAGO (WLS) -- Governor JB Pritzker said Illinois is making changes to the recreational marijuana dispensary application process. The process has been criticized for shutting out…

Companies That Lost Out On Lottery For Marijuana Dispensary Licenses To Get Second Chance At Passing Grade

September 22, 2020
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CHICAGO (CBS/AP) — After a barrage of complaints that only 21 companies made the cut for the upcoming lottery for 75 new marijuana dispensary licenses, Gov. JB Pritzker has announced companies that missed out will get a second chance at…

Governor’s team to meet to address complaints about marijuana licensing process in Illinois

September 17, 2020
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Amid a flurry of complaints that the marijuana licensing process is broken, Gov. J.B. Pritzker’s office announced Wednesday that his team will meet with those affected to address the issue. “The Governor’s office is currently working to schedule meetings with…

Recreational Marijuana Sales Hit New Record High In Illinois, And Number Is Expected To Keep Rising

September 16, 2020
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Recreational marijuana sales just set a new record high – nearly $64 million worth of cannabis was sold last month. And as CBS 2’s Meredith Barack reported Tuesday evening, those numbers are expected to keep growing. At the Sunnyside dispensary at…

Finalist for Illinois marijuana dispensary licenses also works for firm that graded applications

September 10, 2020
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Hamd Kamal is a risk management consultant for KPMG, which is being paid nearly $4.2 million through a no-bid contract with the state to evaluate applicants. An employee of the global accounting firm that was awarded a no-bid contract to…

Lawsuit seeks to delay cannabis license lottery, alleges state picked 21 ‘politically-connected insider companies’

September 9, 2020
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Two unsuccessful marijuana dispensary applicants are suing the state, hoping to hit the pause button on its plans to hand out 75 marijuana licenses. Awarding of the licenses is more than four months behind schedule and last week, the state announced that…

Illinois marijuana shop finalists include firms backed by ex-top cop Terry Hillard, restaurateur Phil Stefani: ‘Doesn’t sound … like social equity’

September 8, 2020
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A day after state officials announced that just 21 applicants would be included in an coming lottery to determine the winners of the next round of cannabis dispensary licenses, minority lawmakers urged Gov. J.B. Pritzker to delay all new permits…

Illinois: 75 cannabis shop licenses to be awarded in lottery that includes just 21 applicants; losing firms ‘shocked’

September 4, 2020
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State officials announced Thursday the next round of long-delayed and highly sought after cannabis dispensary licenses will be awarded in a lottery later this month. The 21 qualifying applicants for the 75 new licenses were informed after a global accounting…