Illinois Issues 149 Conditional Social Equity Cannabis Licenses
Tue / Jul 26th
Illinois issued 149 conditional adult-use cannabis licenses on Sunday to social equity applicants; the licensees were selected through a lottery.
Every new business operating in a legal market must obtain a marijuana license, much like a liquor license. License types range from producer/processors to retail and dispensaries and may vary depending on your state. Below are articles and news that touch on cannabis licensing.
Tue / Jul 26th
Illinois issued 149 conditional adult-use cannabis licenses on Sunday to social equity applicants; the licensees were selected through a lottery.
Mon / Jul 25th
Guam is set to begin accepting adult-use cannabis license applications on August 29.
Tue / Jul 19th
Oregon’s price-per-pound for cannabis has dropped nearly $1,000 from $5,433 to $4,536 since July, 2021.
Thu / Jul 14th
Connecticut has awarded 16 recipients the state’s first social equity commercial cannabis licenses; the licensees still have to pay a $3 million fee and pass a background check before receiving their final licenses.
Mon / Jun 27th
Connecticut had received more than 37,000 cannabis business applications for just 56 licenses by the time the application window closed last week.
Tue / Jun 21st
Two Oklahoma attorneys have been charged with falsifying records, cultivation of a dangerous substance, and multiple counts of conspiracy after allegedly putting their legal assistants’ names on more than 400 cannabis cultivation applications.
Thu / Jun 16th
A recent letter by the director of Montana’s Department of Revenue revealed that tribes in the state are restricted to the lowest tier of cannabis cultivation license.
Fri / Jun 10th
Missouri companies Archimedes Medical Holdings, FUJM, and Holistic Health Capital must destroy medical cannabis products and relinquish their licenses as per an agreement with regulators following accusations of “pervasive irregularities.”
Mon / Jun 6th
The first month of regulated cannabis sales in New Jersey reached $24 million with 13 dispensaries averaging about $5 million in sales per week.
Fri / Jun 3rd
Former Mississippi Gov. Ronnie Musgrove submitted an application this week for a medical cannabis testing facility license.
Wed / Jun 1st
A Cook County Circuit judge removed the 10-month stay blocking 185 adult-use cannabis licenses from being issued in Illinois after a lawsuit challenged the license lottery’s legality.
Tue / May 24th
New York officials approved 58 more conditional cannabis cultivation licenses last week in an effort to expand the market quickly, bringing the state total to 146.
Fri / May 20th
The Ohio Board of Pharmacy awarded 70 new provisional medical cannabis licenses.
Fri / May 13th
Arizona selected recipients for the state’s 26 widely sought social equity cannabis licenses.
Thu / May 12th
Ascend Wellness Holdings has reached an agreement for the acquisition of MedMen’s New York medical cannabis operations in a deal worth $88 million.
Fri / May 6th
New York regulators approved an additional 36 cannabis cultivation licenses this week, bringing the total to 88 licenses in the state.
Tue / May 3rd
The New York Supreme Court determined that a $600 million lawsuit against Acreage Holdings and 30 other defendants can proceed.
Mon / May 2nd
New York’s Cannabis Control Board Chair Tremaine Wright and Office of Cannabis Management Director Chris Alexander have stated separately that they anticipate adult-use sales could begin by fall.
Thu / Apr 28th
Cumberland Curative, a medical cannabis company, has filed suit against the Georgia Access to Medical Cannabis Commission alleging a conflict of interests in the scoring of state license applications.
Wed / Apr 27th PRESS RELEASE
CALIFORNIA (4/27/22) — Following the success of its launch in Michigan’s regulated cannabis market, Muha Meds — a legacy cannabis… Read More
Tue / Apr 26th
Oregon enacted a moratorium on granting new cannabis licenses for applications submitted after January 1, 2022.
Fri / Apr 22nd
A federal lawsuit filed this week accuses Chicago-based cannabis companies of running a “cartel” and seeks to end cannabis licensing caps, divest the existing companies of all their assets, and legalize all amounts of cannabis.
Fri / Apr 15th
New York officials have awarded conditional cannabis cultivation licenses to more than 50 companies and farmers currently licensed to grow industrial hemp.
Thu / Apr 14th
New Jersey has approved seven medical cannabis companies to expand their operations into the adult-use market.
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