illinois marijuana Archives - Page 3 of 7 - Cannabis Business Executive

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…

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…

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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Illinois
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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…

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 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…

Chicago-based Grassroots Cannabis sold in $830 million deal

An $830 million deal to acquire Grassroots Cannabis closed Thursday, upending a trend of failed multimillion-dollar acquisitions of Chicago-based marijuana companies. Grassroots, which has a cultivation facility in Litchfield and is affiliated with eight dispensaries around the state, was acquired…

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…

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…