A group of nineteen dispensary applicants are suing Illinois cannabis regulators, indirectly charging that state officials and KPMG of colluding to award licenses to politically connected applicants and purposefully disqualifying and misscoring non-connected applicants.
Parallel’s $1.9 billion SPAC terminated Atlanta-based multistate operator Parallel no longer plans to create a $1.9 billion special interest acquisition
Brokers, attorneys, and buyers Grown In has spoken to report going rates for dispensary licenses anywhere between $3 million and $8 million.
Jon Sandelman says he’s trying to position AYR Wellness for when big CPG companies enter the cannabis market. When that happens, he plans to have the best product with the best customers their money can buy.
Four suits have been filed in Illinois demanding courts overturn disqualification of craft grow and transporter applicants from license lotteries.
It’ll be at least another month’s wait for Illinois’ 185 dispensary licenses locked up in court.
The executive director of Illinois’ largest cannabis trade association is stepping down in two months.
News and notes for cannabis practitioners in the Midwest and beyond.
Michigan and Illinois passed the $1 billion mark for legal cannabis sales last month.
IICGA will hold an in-person event October 6 to elect a board and educate members as to what to expect when they sell product to Illinois dispensaries.
