“Investors have lost confidence” in Illinois, says craft grow trade group leader
Cannabis investors are starting to leave Illinois, says the head of a trade association for craft grow applicants.
Midwest
Coverage of Illinois, Michigan, Missouri, and Ohio.
Missouri cannabis patient enrollment zooms up
Missouri is on track to overtake Illinois in the number of registered medical cannabis patients.
Grown In obtained the original Illinois dispensary license scores
Grown In obtained a tally of scores from the Illinois Department of Financial and Professional Regulation through a Freedom of Information Act request.
Halt put on Illinois dispensary case until state gets to lottery phase
A Cook County Circuit judge ordered a stay to a lawsuit charging that Illinois’ dispensary licensing process is unconstitutional.
Michigan legislature debates banning cannabis billboards
Proposed legislation in Michigan that would ban cannabis advertising from billboards has arisen consternation by dispensary operators, although passing such a ban would have significant legal hurdles.
Legislature gears up to regulate Delta-8 and other cannabinoids in Michigan
The eight bills would revise the definition of Tetrahydrocannabinols more broadly so that not only Delta-9 THC is covered but any THC product the MRA determines has a potential for abuse.
Limited by state equity provisions, Missouri operators are making debt deals
While equity investments in Missouri are somewhat constrained due to laws requiring majority ownership to be from in-state investors, debt deals are available to actively growing companies.
Missouri Appellate Court hears arguments to open application archives for review
Judges zeroed in on exactly what application information would be revealed to the public in arguments Monday over whether a rejected cannabis cultivation applicant should have access to the state’s full archives of cultivation applications.
GTI claims social equity mantle as it quits Illinois cannabis trade group, but its own social equity record lacks sheen
Multiple CBAI board members told Grown In they were shocked by the move, as well as accusations leveled in the letter.
Ascend IPO; Verano acquisition; GTI debt deal; Red White and Bloom officially in Sunshine State; Skymint’s sale-leaseback to Innovative Industrial Properties
Each month Grown In reports significant Midwestern cannabis fundraising transactions.
