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.
Midwest
Coverage of Illinois, Michigan, Missouri, and Ohio.
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.
Missouri marijuana director says no new licenses coming, nor are sales numbers
Missouri’s medical marijuana program director Lyndall Fraker sat for a wide-ranging exclusive interview with Grown In this week.
Detroit approves recreational cannabis licenses. Here are the details
Introduced in October, the ordinance has been furiously opposed by existing medical dispensary license holders since it inevitably forces five current license holders to either miss out on a Detroit recreational license or sell half their equity to Detroit residents.
Michigan cannabis license streamlining stalled for now, each advocate has their own remedy
MRA will not press for the Michigan Legislature to take up a bill to streamline state cannabis licenses in December’s lame duck session.
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.
Michigan regulators drafting legislation to merge medical and adult-use licenses
Draft legislation that would make significant changes to Michigan cannabis law is under review by that state’s Marijuana Regulatory Agency.
Ann Arbor-based MSO C3 Industries raises $45 million to fund Missouri and Massachusetts expansion
Ann Arbor-based C3 Industries announced this week that it has raised $45 million from a network of individual and boutique investors.
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.
