Illinois Archives - Page 5 of 15 - Cannabis Business Executive - Cannabis and Marijuana industry news

Marijuana is no longer a ‘dirty little secret.’ Cannabis sales are soaring in Illinois, and the pandemic is helping.

At the beginning of the coronavirus pandemic, 33-year-old Katie Johnston-Smith was feeling “a good, healthy amount of panic.” She tried wine but it didn’t help. She took a marijuana-infused edible, and a calmness washed over her and sleep came easier.…

Illinois Marijuana Sales Break Another Record, With $61 Million Sold In July

CHICAGO (CBS) — While many businesses have been struggling to survive during the pandemic, Illinois pot dispensaries have continued to thrive, setting another sales record in July. The $61 million in recreational marijuana sales last month represented a 28% increase…

Illinois Dedicates Marijuana Tax Dollars To Underserved Areas

Illinois will distribute $31.5 million in grants over the next year to local nonprofits, faith- or community-based organizations and governmental bodies to address issues in historically underserved parts of the state. The money for these grants comes from 25% of…

Higher than expected: Illinois’ $52.8M take from marijuana sales exceeds what state projected

Illinois collected almost $52.8 million in tax revenue during the first six months of recreational marijuana sales, marking a bright spot among the state’s pandemic-scarred finances. Recreational marijuana sales have continued to rise throughout the pandemic, while many other retailers saw…

Cities in Illinois Can Now Collect More Taxes On Marijuana Purchases

Municipalities in Illinois that have cannabis dispensaries will start seeing more money from recreational marijuana purchases. Cities, counties and villages that passed an individual 3% cannabis tax could start collecting it as of July 1. In the Metro East, that…

The Hopes of Illinois Social Equity Applicants

Editor's Note: CBE was touched by the following essay that was sent to us the other day. We wanted to do our small part in helping those severely effected by the War on Drugs by sharing it with our readers,…

Chicago marijuana dispensaries close indefinitely

The bulletproof security glass inside Mission South Shore marijuana dispensary was supposed to be impenetrable. But it gave way Sunday afternoon to looters armed with crowbars and baseball bats. They smashed through the front door first, then hacked away at…

Illinois legal weed sales during the first full month of coronavirus lockdown amount to almost $37.3 million

Legal weed sales during Illinois’ first full month of coronavirus lockdown amounted to almost $37.3 million, surpassing every month of recreational marijuana sales in Illinois so far except January. Dispensaries have been allowed to stay open during Gov. J.B. Pritzker’s…

The Illinois Cannabis Market Is Strong, But Shortages Will Persist For Months

Illinois’ new recreational marijuana market is off to a hot start even amid the spread of coronavirus. Earlier this week, the state announced nearly $36 million worth of legal cannabis was sold in March — on par with numbers from…

Adult-use marijuana sales remain high at $35.9 million in March in Illinois

More than $109 million of marijuana products were purchased in Illinois in the first three months of legalization, and the third month of sales was on par with the first two despite a stay-at-home order being in place for 11…

How recreational weed went from illegal to essential in 3 months in Illinois

Throngs of high-minded shoppers started flooding pot dispensaries when sales of recreational weed kicked off in Illinois at the start of the year. Less than three months later, that type of mass clamoring is strictly forbidden as social distancing measures…

Illinois recreational marijuana sales totaled $35M in February, a decline from January

Recreational marijuana customers spent almost $35 million at Illinois dispensaries in February, a decline from the previous month, but an industry analyst said the market still holds promise. In January, recreational weed sales totaled more than $39.2 million, one of the strongest…

Who’s profiting off the millions that Illinois’ marijuana business is bringing in? State officials are keeping that secret.

Marijuana entrepreneurs are starting to rake in millions of dollars a month in Illinois as customers line up to buy newly legal weed, but who’s profiting from those sales remains secret. Regulators say state law bars the release of almost…

Illinois Cannabis Law Needs Revisions to Level Playing Field for Minority Owners

March 2, 2020
Kevin Slaughter
Illinois, Op-Ed, Policy & Legal, Spotlight
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As the market for the recreational use of cannabis develops in Illinois, more work needs to be done to give minorities a fair shot at ownership of dispensaries. Since the Illinois’ Cannabis Regulation and Tax Act went into effect on…

Frustrated with shortages, medical marijuana patients begin growing their own at home in Illinois

February 28, 2020
AggregatedNews
Illinois
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Worried by widespread shortages of products at Illinois cannabis stores, medical marijuana patient David Kurfman took matters into his own hands. He started growing his own. Having suffered from epilepsy most of his life, Kurfman uses medical cannabis to control…