Update on Illinois Recreational Cannabis: November 2020
Facing lawsuits from angry applicants and public outcry on the apparent unfairness of the licensing process, the Department of Agriculture has provided additional clarification as to the requirements for State of Illinois cannabis applications. Last month, the Department of Agriculture posted changes and updates to the application process for craft...
Social Equity Applicants are Demanding Justice
On September 3, 2020, the Illinois Department of Financial and Professional Regulation announced the tied applicants who are in the running to receive an adult-use dispensary license. The licenses are awarded based on a merit-based system that is broken up by regions, with ties going to a lottery. However, the...
Missed Wave 1? How to Still Get Into the Illinois Adult Use Cannabis Market
You want to enter the Illinois cannabis industry, but you missed Wave 1 of licenses, now what? There are two main options available for Illinois cannabis investors and aspiring licensees—buy your way in or wait it out. Buying an Interest in Existing Business One type of cannabis facility you can...
Illinois Cannabis Transporter License
An Illinois cannabis transport license is one of the few licenses that does not directly involve manufacturing, producing, or selling marijuana products. However, that does not mean it is any less profitable. Transporter licenses allow Illinois cannabis business to transport cannabis and cannabis-infused products on behalf of other Illinois cannabis...