The announcement also left open a door to more changes to social equity requirements, as it stated applicants may be required to meet, “alternate criteria which will be described in the upcoming release of the new adult use lottery rules.”
“I am excited for all the people released from purgatory, but I’m very concerned how this will work. Given the current state of regulation.”
The MRA had expressly asked for public comment on whether or not product remediation should be labeled on products, although it is already reported in Metrc for those who can look up by batch number.
Judge Noll had issued her own stay on issuing licenses, but she plans to lift that stay today, she said in court on Thursday.
One big Illinois deal in particular seems to be stuck in neutral, Parallel’s planned acquisition of Windy City Cannabis. Announced in April 2021, the deal was to be for six Illinois dispensaries for $155 million.
“Being a union cannabis firm, we would get a lot of support from other unions in the area. There’s 650,000 active union members and million retired union members in Michigan. That’s a lot of potential customers.”
“It’s a policy that by all accounts is not being enforced…My belief right now is that the science is moving too fast for the regulators.”
Last December, a more comprehensive effort to expand medical use, SB261, passed the Senate 26-5.
“It’s something that’s been discussed and a priority of the current [Cannabis Regulation Oversight Officer], I think she’s been working on it for a while.”
“Several months is what we expected for the process to take. That’s what different members of the industry have talked about.”
