Illinois

Chicago Cannabis Firm Accused of Drug Trafficking in RICO Case

A cannabis lawsuit has made it all the way to federal proceedings this month, as Verano Holdings, based in Chicago, is being accused of violating the Racketeer Influenced and Corrupt Organization (RICO) Act by trafficking cannabis.  The charges are based on the fact that Verano Holdings are being accused of smuggling cannabis from Illinois to Arkansas as part of their business plan. The lawsuit claims that Verano planned to open up a dispensary in Arkansas along with Harvest Health of Arizona and Natural State Wellness Enterprises in Arkansas. A former employee of Harvest Health, Nicholas Nielsen, is claiming that he […]

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Red White & Bloom Finance Closing Costs to Acquire Illinois Assets

Cannabis company Red White & Bloom just officially arranged the purchase of its new assets, along with an Illinois Adult Use and Medical Cannabis Cultivation Center License. “Surpassing US $1 Billion of adult use sales in only its first year, Illinois has quickly developed into one of the most robust revenue markets in the United States,” said Brad Rogers, Chairman & CEO of RWB. “With the financing now secured, we are thrilled to be one step closer to bringing Red White & Bloom’s nationally-recognized brands to this market. The renewed optimism around the State permitting an additional 75 retail locations […]

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Illinois Expunges Nearly 500,000 Low-Level Cannabis Charges

Illinois has been receiving some flack lately, as the state made it seem like expunging charges was a priority after legalization took hold, but so far, has been slow to roll those out. Now, the state is making up for that lost time, having recently expunged nearly 500,000 low-level convictions.  These expungements, made by the Illinois State Police, tackled non-felony and cannabis-related arrest records and were signed off on by Governor JB Pritzker.  Under the Cannabis Regulation and Tax Act, the state has promised that cannabis arrest records from 2013 to 2019, totaling 47,000 in eligible cases, be cleared by […]

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Illinois Officials Report Half A Billion Dollars In Legal Cannabis Sales In First Year

Half a billion dollars. That is how much money the state of Illinois raked in from the legal marijuana market in its first year of operation. Chicago-based television station WREX reported that the state generated $582,226,511.45 in revenue from recreational pot sales from January through November. The state’s Department of Revenue, according to the station, said that Illinois took in “more than $75 million in revenue in sales with the bulk of sales coming from in state residents” in October and November. Revenue totals from December are reportedly not yet available, and the figures do not include medical marijuana sales. […]

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Illinois Judge Rules Against Craft Cannabis Growers Seeking Immediate Licenses

An Illinois judge has ruled against more than three dozen applicants for craft cannabis cultivator licenses who filed suit against the administration of Gov. J.B. Pritzker for a delay in awarding the licenses. The craft grower licenses were supposed to be awarded by July 1 of this year to comply with state law, but state officials have not yet done so, citing delays necessitated by the ongoing coronavirus pandemic. The delay has affected the issuance of 40 craft grower licenses, as well as licenses for cannabis infusers, transporters, and 75 additional recreational cannabis retailers, which were supposed to be issued […]

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More than $500 million in cannabis sold in Illinois since January – The Center Square

(The Center Square) – Since legal sales began in January, Illinois’ adult-use cannabis stores have sold more than $500 million worth of the drug, and sales continue to increase despite the pandemic. While restaurants and bars across the state experience continued losses because of more COVID-19 mitigation orders, Illinois’ 73 adult-use cannabis stores sold more than $75.2 million of pot in October. Sales for the recreational stores across the state have continued to grow month-after-month. October sales were $7.6 million more than the month before. Since September, the state added nine more dispensaries that only sell adult-use cannabis, not medical cannabis, […]

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Judge Allows Illinois Regulators to Rescore Cannabis Applications – Cannabis Dispensary

Jesce Horton’s newest cannabis brand, LOWD, launched the week of Oct. 26 at 28 dispensaries in Oregon’s adult-use cannabis market. Cultivated in a 7,500-square-foot facility in Portland by 12 employees, LOWD cannabis’ brand and flower products have been years in the making. (Horton made a facility and brand pivot after his first cannabis business—Panacea Valley Gardens—which operated within the medical market, didn’t qualify for an adult-use license because of zoning restrictions.) In this Q&A, Horton—a former engineer for Siemens, founder and former director of the Minority Cannabis Business Association, board member for the Resource Innovation Institute and Cannabis Conference 2020 […]

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Watch now: Illinois cannabis sales have soared during pandemic. Here's how much. – Bloomington Pantagraph

{{featured_button_text}} Tina Lee, left, of Lake Bloomington, discusses the qualities of various marijuana-based products with customer consultant Makayla Miramntez at Beyond/Hello in Normal on Wednesday.  Sunnyside Cannabis Dispensary is located off a busy street at 1704 S. Neil St. in Champaign, Monday, Nov. 2, 2020. Sierra Henry NORMAL — Ray Stephens wanted something to manage chronic back pain. A father of young kids, Stephens, 33, of Normal, visited Beyond/Hello, Bloomington-Normal’s first recreational-use cannabis business, for the first time Wednesday.  “I’ve got three herniated discs and a deteriorating joint, so I want to find something that can help me with that, […]

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