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MCBA Equity Workshop Tour: Elevating an Equitable Cannabis Industry in 25+ Cities

MCBA Equity Workshop Tour: Elevating an Equitable Cannabis Industry in 25+ Cities
theweedblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theweedblog.com Daily Mail and Mail on Sunday newspapers.

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Oakton College celebrates Black History Month with free events in February

As the calendar turns to February, Oakton College announces a vibrant lineup of events and programs to commemorate Black History Month. With a commitment to celebrating the rich tapestry of African Am...

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Lessons and highlights from NY Cannabis Insider's White Plains conference

Lessons and highlights from NY Cannabis Insider's White Plains conference
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Has Illinois Fixed its Flawed Marijuana Industry Expansion?

Amanda Vinicky | July 15, 2021 9:07 pm
Illinois is set to hold a lottery before month’s end, deciding the first winners among the thousands of applicants that long ago submitted bids to open cannabis dispensaries under the 2020 law that made marijuana legal.
A lottery’s set for July 29, with another Aug. 5 and a third Aug. 19; successful applicants will win coveted licenses to collectively open another 185 cannabis dispensaries throughout Illinois.
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“As far as I’m concerned, we want to make sure that they go as smoothly as possible, and so we’ve been working every day since this bill was passed really to try to set up the lottery so we get the results that we’re all expecting,” Gov. J.B. Pritzker said.

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Illinois marijuana licensees race to finish new stores

Weed companies are scrambling to meet an impending deadline to open new pot shops.
The law passed in 2019 that allowed recreational weed sales in Illinois gave the operators of existing medical marijuana stores the option to open an additional store for each license they held. They have until March 31 to receive final inspections from the Illinois Department of Financial & Professional Regulation or lose the licenses, which can be worth $10 million to $20 million.
"Everyone I work with is pounding nails and painting," says attorney William Bogot, co-chair of Fox Rothschild's cannabis practice group, who represents several marijuana companies. "Every client has incentives built into their contracts to get it done. I don't think anyone is going to voluntarily let that (license) pass by."

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