Ascend paid approximately $30 million for MoCa
Ascend spent approximately $30 million to acquire Chicago’s MoCa Modern Cannabis, says Ascend’s CEO.
Illinois
As applicants await overdue Illinois craft grow licenses, a question arises: Are they still a good opportunity?
Questions begin to arise among applicants and investors over how much impact the delay will have on getting winners to market and if craft growers will be able to adequately compete against incumbent cultivation centers.
Michigan cannabis sales tops $109M while Illinois continues to lag
Supply constraints are having a direct impact on pricing.
With few banks serving Illinois cannabis industry, next wave of licenses risk going unbanked
When new cannabis licenses are awarded in Illinois next month, it is not clear if all the winners will be able to find a bank that will serve them.
Looking for an Illinois bank that will serve your cannabis business? Here’s a place to start
Grown In has identified two banks willing to talk publicly about banking cannabis, and one other resource as well.
Illinois attracts big investor interest after recreational cannabis’ first year
Cannabis corporations that cultivate, process and sell the product in Illinois appear to be particularly attractive to investors in Summer 2020.
Illinois issues final dispensary license tiebreaker rule a month earlier than expected
A month earlier than expected, the Illinois Department of Financial and Professional Regulation (IDFPR) announced final rules for the issuance of the next 75 cannabis dispensary licenses.
Illinois Gov. Pritzker appoints first lead cannabis regulator
Gov. J.B. Pritzker announced the appointment of Danielle Perry as the state’s first Cannabis Regulation Oversight Officer.
Illinois’ social equity applicants run up against barriers, creating questions about equity
inspiring origin stories aren’t enough for Illinois’ social equity applicants. While the personal stories can be moving, the social and market barriers sometimes seem overwhelming.
Spence aims to solve dispensary payment holdups with a new twist on old technology
Spence, a payments collaboration between a fintech veteran and a Chicago bank with roots in cryptocurrency, was publicly rolled out this week with the aim of solving cannabis dispensaries’ cash payments problems.
