Illinois Cannabis News

Evanston, Illinois is ready to start sending $25,000 reparation payments to help Black residents afford housing in the north Chicago neighborhood. The payments will be funded by a 3% tax on adult-use cannabis.

Public schools in Peoria County, Illinois are getting just over $858,000 in cannabis-derived tax revenue from the state.

Chicago-based Verano Holdings Corp. is now trading on the Canadian Securities Exchange following its reverse takeover of Majesta Minerals Inc. on Wednesday.

Following months of delays, Illinois officials have informed cannabis industry applicants of problems they can remedy in their applications as the latest licensing process begins anew.

Illinois has collected some $62 million in cannabis revenue earmarked for minority businesses and neighborhood improvements, but the money’s distribution has been repeatedly delayed.

In the company’s first move into the Florida marketplace, Cresco Labs is set to acquire Bluma Wellness Inc. in an all-share deal that values Bluma at $213 million.

Ilinois state senators have advanced a measure aimed at improving the state’s social equity cannabis licensing process.

Combined adult-use and medical cannabis sales in Illinois surpassed $1 billion during 2020. The state’s adult-use market launched last January.

The Illinois State Police and Gov. J.B. Pritzker together cleared over 500,000 cannabis-related criminal records on New Year’s Eve.

An Illinois judge has ruled against an effort by the Illinois Craft Cannabis Association to force the licensing of craft cannabis businesses in the state after many months of delay from the coronavirus pandemic.

Will County in Illinois this week approved the expungement of 1,653 cannabis possession misdemeanors. There are likely about 7,000 similar cases remaining in the state.

After nearly a year of legal cannabis sales in Illinois, there are still zero licensed cannabis businesses in the state that are majority-owned by a person of color.

The New Leaf Illinois initiative has launched. The effort aims to help people who were arrested for cannabis crimes get their records expunged.

Cresco Labs has reported Q3 revenues of just over $153 million. It’s a 63% quarter-over-quarter increase of about $59 million.

Candace Clark is the co-founder of LinkUp and the Chief Compliance and Regulations Officer for the Social Equity Empowerment Network.

Illinois cannabis sales exceeded $100 million in October, setting yet another monthly sales record for the newly legal state.

Teddy Scott is the CEO and co-founder of Ethos Cannabis, a Mid-Atlantic and East Coast-focused multi-state cannabis operator.

Jay-Z’s new cannabis brand Monogram has launched a billboard advertising campaign at the borders between states with disparate cannabis laws.

Cannabis sales to out-of-state residents have nearly doubled in Illinois, from $8.6 million in January to $17.2 million in August.

A partner at one of the 21 companies chosen for Illinois’ upcoming cannabis license lottery is also an employee for the firm who graded the state’s cannabis license applications.

AAA is giving $100,000 in grants to various Illinois agencies to study and prevent stoned driving in the newly legalized state.

Killer Mike and El-P, the rappers known collectively as Run the Jewels, have partnered with cannabis companies Cookies and Lemonnade to provide their first branded cannabis strain, Ooh Lala.

Illinois is dedicating $31 million in cannabis taxes to a new grant program aimed at small businesses and non-profits in disadvantaged communities.

Illinois cannabis dispensaries set sales records in June despite cultivators struggling to meet demand under current canopy restrictions.