Tag: CBT > State by State: Illinois: Page 24

Finance

How a Real Estate Company Came to Own Three Cannabis Cultivation Facilities in Illinois

Innovative Industrial Properties is purchasing licensed cultivation facilities in the state and leasing them back to the licensees to help them secure funds ahead of the adult-use market launch.

October 10, 2019

Legislation and Regulation

Illinois Senator Tapped to Become State’s ‘Cannabis Czar’

Gov. J.B. Pritzker has selected State Sen. Toi Hutchinson to take on a new role as the state’s cannabis regulation oversight officer.

October 8, 2019

Legislation and Regulation

Square Welcomes CBD Sellers, Pennsylvania Lawmaker Introduces Cannabis Legalization Bill: Week in Review

Square officially launched payment processing services for the industry Oct. 3, after previously offering the services as part of a beta program.

October 5, 2019

Legislation and Regulation

Illinois Lawmaker Introduces CBD Testing Bill

Rep. Bob Morgan’s legislation would require all CBD products to meet standard testing requirements determined by the Illinois Department of Agriculture.

October 3, 2019

Illinois

Illinois Releases ‘Disproportionately Impacted Areas’ Map for Adult-Use Cannabis Business Licensing

State officials have identified 683 areas where license applicants would get preference under the law’s social equity provision.

October 1, 2019

Finance

Cresco Labs Enters Into Sale-and-Leaseback Agreement with Innovative Industrial Properties for Illinois Facilities

The company has signed a binding agreement to sell its Joliet and Kankakee, Ill. properties to Innovative Industrial Properties, Inc. for approximately $46.3 million.

September 27, 2019

Legislation and Regulation

House to Vote on SAFE Banking Act, U.S. Government Grants $3 Million for CBD Research: Week in Review

The House will vote later this month on bipartisan legislation that would allow cannabis businesses to access the federal banking system.

September 21, 2019

Legislation and Regulation

Adult-Use Cannabis Sales Would Be Banned in Most of Chicago Under Mayor’s Zoning Plan

Under Mayor Lori Lightfoot’s proposed rules, sales would be prohibited in most of the downtown area, and the rest of the city would be split into seven zones where dispensaries could operate.

September 19, 2019

Legislation and Regulation

Illinois Awards First Adult-Use Cannabis Dispensary Licenses, Missouri Sees Surge of Medical Marijuana Business License Applications: Week in Review

Illinois awarded its first five adult-use cannabis retail licenses this week, with dozens more licenses expected to be awarded in the coming weeks.

September 7, 2019

Legislation and Regulation

Illinois to Lead by Example With New Cannabis Cultivation Energy Standards

The Midwest marketplace will pave the way for more industry conversations about cannabis energy and water use.

September 4, 2019

Legislation and Regulation

Illinois Awards First Adult-Use Cannabis Retail Licenses

Regulators have announced the first five medical dispensaries that will be allowed to sell to the adult-use market starting Jan. 1.

September 3, 2019

Legislation and Regulation

DEA Announces Cannabis Research Expansion Plans, Washington Eyes Bill Allowing Growers to Deliver: Week in Review

The DEA has pledged to take steps to approve additional federal cultivation licenses from a pool of applications that have been pending for nearly three years.

August 31, 2019