Illinois slims dispensary applicants for 75 licenses down to 21 potential winners
Today Illinois state cannabis regulators announced only twenty-one groups won the right to enter the tiebreaker phase.
Today Illinois state cannabis regulators announced only twenty-one groups won the right to enter the tiebreaker phase.
A new trade association created to serve Illinois social equity applicants announced itself in a press conference yesterday with a list of demands for state regulators.
Cresco Labs joined Trulieve, Green Thumb Industries, and Curaleaf among the ranks of “profitable” this last quarter.
Questions begin to arise among applicants and investors over how much impact the delay will have on getting winners to market and if craft growers will be able to adequately compete against incumbent cultivation centers.
To better understand the Michigan market and its unique circumstances, Grown In interviewed a series of cannabis industry leaders throughout the state and found six consistent themes.
Supply constraints are having a direct impact on pricing.
When new cannabis licenses are awarded in Illinois next month, it is not clear if all the winners will be able to find a bank that will serve them.
Grown In has identified two banks willing to talk publicly about banking cannabis, and one other resource as well.
Notable news and nuggets pertaining to Illinois and Michigan-based cannabis industries.
A month earlier than expected, the Illinois Department of Financial and Professional Regulation (IDFPR) announced final rules for the issuance of the next 75 cannabis dispensary licenses.