Illinois

Incumbent medical marijuana dispensaries in Illinois that have not opened state-awarded second recreational locations have until March 31 to use them or lose them.

Maybe Chicago has a shot at reigning over a booming national bud business.

Shareholders of Majesta Minerals Incorporated will convene January 27 to review financial information from Verano Holdings and Alternative Medical Enterprises.

The plan discussed would create 75 new dispensary licenses for applicants that did not make it into the lottery round announced last September.

A Cook County judge turned down a demand by a group of Illinois craft grow applicants for the state to immediately issue 40 craft grow licenses

A source with knowledge of the transaction confirmed for Grown In that the value assigned to the cannabis retail assets is between $25 million and $30 million.

The company is close to finalizing a state-mandated sale of up to six dispensary licenses.

Verano Holdings is circulating an investor deck to raise $75 million while concurrently moving to obtain a publicly-traded status on the Canadian Securities Exchange.

Political pressure is on Illinois cannabis regulators and legislators to get more cannabis licenses in the hands of entrepreneurs.