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Those who lost shot at Illinois marijuana licenses want investigation of lottery winners with political connections, industry ties

Now that Illinois has concluded its first round of lotteries to award marijuana retail licenses, objections continue to come from those who missed out on starting businesses expected to generate millions of dollars. State officials conducted the last of three…

Cook County judge says ‘it’s very possible’ pot shop licensing process will have to be ‘redone’

“Everybody then would be subject to just another application process or another lottery, who knows what,” said Judge Moshe Jacobius, who has already held up the formal issuance of the next round of lucrative dispensary permits. A Cook County judge…

2021 Half-time Report: As Adult-use Legalization Spreads Across the U.S., Federal Legislation, Social Equity Take Center Stage

With half of the year now in the history books, it is safe to say the first half of 2021 will likely be remembered as a series of watershed moments for the cannabis industry. Even if we do not achieve…

Some Illinois pot license winners now looking to sell to highest bidder

State law doesn’t prohibit the new licensees from unloading for millions of dollars and potentially “giving it away to the white boys again,” one critic said. The applicants waited for more than a year for a chance to jump into…

Companies are rethinking drug testing as cannabis legalization grows. Some Illinois employers will still fire you for it.

As people begin to filter back into the office after a year-and-a-half in Zoom exile, the growing ranks of recreational cannabis users might want to take a peek at their employee handbook before lighting up. Marijuana, which went from a…

53 pot shop lottery winners announced, including some new players, some with deep ties to existing industry

The winners include Ricky Hendon, the former state senator who had served as an advocate for jilted applicants last year. His company, Westside Visionaries LLC, scored a highly sought after license in a region that covers Chicago. Following a year…

Big money and a big stumble mark first year of Illinois’ recreational weed law

January 27, 2021
AggregatedNews
Illinois
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A year after legalization, social equity remains a pipe dream. CHICAGO — Illinois’ coffers have enjoyed a boost in tax revenue approaching the amount generated by booze sales thanks to the year that recreational marijuana has been legal there. But…

First year of legal marijuana in Illinois generated big bucks but no new minority license holders

Cannifem represents much of what state lawmakers hoped for when they legalized marijuana in Illinois. The startup business was formed by three Black women from areas hardest hit by the war on drugs. Yet the group failed to get any…

Illinois cannabis consumers now have more ways to dial in their experience with the launch of new CBD/THC ratio product from Wana Brands

PRESS RELEASE CHICAGO (August 25, 2020) — Wana Brands, America’s favorite cannabis-infused product manufacturer, has expanded its Illinois offerings to include its popular Exotic Yuzu 2:1 CBD/THC ratio option, through its exclusive partnership with Grassroots, one of the largest medical…

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…

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,…

Update From Illinois

January 21, 2020
Mike Luce
Marketing
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Those watching this space have seen commentary from High Yield about adult use legalization in emerging states such as Illinois. Having a presence in multiple markets across the country gives us a first-hand view into both mature markets and emerging…

What happens to the weed black market when recreational marijuana goes legal Jan. 1 in Illinois? ‘I see it opening the door to more clients,’ one dealer says.

Recreational marijuana sales start Jan. 1, but it could be years before pot users abandon their black-market weed dealers. Chicago-area residents who buy marijuana from dealers say they’re excited to buy it from stores, to learn more about the products…

These 2 States Are Sabotaging Their Respective Marijuana Industries

These billion-dollar markets are making it impossible for their cannabis industries to thrive. At this time last year, the cannabis industry looked as if it would be practically unstoppable. Canada had just become the first industrialized country in the world…

Legal marijuana is coming to Illinois as Gov. Pritzker signs bill he calls an ‘important and overdue change to our state’

Gov. J.B. Pritzker on Tuesday signed into law a bill that will legalize marijuana in Illinois next year, marking a momentous shift in how the state treats drug use. The bill will allow the licensed growth, sales, possession and consumption…