Michigan and Illinois set new sales bar with big reports in March
Michigan’s monthly legal cannabis sales zoomed up $40 million in the month of March, as Illinois’ also increased by $34 million in the same period.
Illinois
While regulators eye Delta-8, get ready for Delta-10, 7, and more, say lab scientists
Scientists warn that while regulators and legislators are in a stir about the Delta-8 molecule, many other unidentified cannabinoid molecules exist with unknown medicinal or psychoactive properties.
Proposed Illinois license law fails to satisfy license litigants: “We need to pursue the litigation”
A long awaited bill to update Illinois’ cannabis licensing process affirms the award of 75 dispensary licenses to the 21 winners of 2020’s license process, creates a new lottery for 110 licenses for 2,291 other dispensary applicants, but does not satisfy at least one group currently suing the state over the dispensary license process.
Revolution Global eyes expansion capital on eve of “flagship” retail opening
Revolution Global is “at the finish line” of negotiations that will fund the completion of a delayed 75,000 square-foot expansion to its Delevan-based cultivation facility.
Responding to white-dominated legal cannabis industry, organizers want you to “support your local weed man”
“What smart, intelligent person will pay thirty percent more for some weed that months ago, they were buying from the ‘hood for thirty to forty percent less?”
Two Illinois lawsuits move forward that could reveal inner workings of cannabis application scoring
Two lawsuits in Cook County Circuit Court are moving forward, each with the potential to reveal inner workings of the state’s stumbling cannabis license process.
Curaleaf launches new beverage-additive cannabis product
Last week Curaleaf introduced a beverage additive cannabis product in its ten Illinois dispensaries and in seventeen other states.
Fyllo raises $30 million in Series B venture round and adds banking bigwig to board
Venture capital continues to flow into cannabis-focused software companies as Chicago-based Fyllo this week announced a $30 million close to a Series B round of venture capital financing.
Curaleaf’s social equity planning starts in Illinois
The largest cannabis operator in the United States is investing nearly a million dollars in six Illinois entities designed to provide workforce development programming.
Illinois approves every possible dispensary license: 40 new locations in two months
Illinois cannabis regulators approved a total of 110 dispensary licenses just before the April 1 deadline and the maximum possible under current Illinois law.
