Ownership of multiple Illinois dispensaries likely to change hands as pot stocks rise
Illinois has become a sellers market for independent medical dispensary operators that also have the right to sell recreational products from two locations.
Illinois
Family office financier V. Gastevich Investments to expand pot portfolio
The Gastevich family, which began developing real estate in Indiana 45 years ago, has been investing early and often in cannabis corporations in the Midwest.
Dispensary licenses grinding through Illinois court, likely held up until at least Spring 2021
One of the state’s main cannabis cases looks like it won’t find a resolution until next spring, at the earliest.
Chicago loves cannabis tax revenue but passively discourages new dispensaries
Dispensary owners say Chicago locations are out of the running because there’s not enough return for the bureaucratic headache.
Illinois judge tosses out request to freeze out applicants; state’s muddled dispensary license process forges on
Three Illinois cannabis dispensary license applicants were stymied in their attempt to halt rescoring other license applications and head right to the license lottery round.
Consuming cannabis across Oakbrook Terrace and suburban Chicago at large
Six municipalities in the metropolitan Chicago area, including Wilmette, Elk Grove Village, Batavia, Park Ridge, Mount Prospect and Glen Ellyn, all approved adult use marijuana sales via voter referendums last week.
Michigan medical cannabis patients trend down, while Ill. and Mo. go up
Each state has a totally different reason for why its medical cannabis patient rolls are going up or down.
Midwest-based MSOs to benefit from adult-use legalization in New Jersey and Arizona
More than one-third of United States residents live in states where recreational cannabis consumption and sales is or will soon be legal as a result of elections this week.
Election results didn’t change much for Midwest cannabis-legal states
The non-change will have little impact on the future of Midwestern cannabis, say observers in each of the states.
Failing to get a state Supreme Court hearing, license group convinces lower court judge to freeze Illinois license process
A judge ordered Illinois regulators to stop rescoring cannabis dispensary applications last week.
