Tag: CBT > State by State: Illinois: Page 5

Illinois

Illinois Approaches $4 Billion in Cannabis Sales; Out-of-State Numbers Continue to Slip

The Prairie State’s first quarter sales are up 6% over last year despite fewer Missourians crossing the state line to make purchases.

April 6, 2023

Cannabis Price Compression

Verano CEO Says 2023 Will Be ‘Inflection Point’ for Cannabis Industry

As smaller operators struggle to weather the industry downturn, George Archos forecasts favorable M&A deals in attractive markets.

March 31, 2023

Finance

Green Thumb CEO Warns of ‘Washout’ for Cannabis Industry

The company reported $1 billion in revenue for 2022 with a net income of $12 million on a GAAP basis.

March 1, 2023

Mergers and Acquisitions

Cresco Labs, Columbia Care Delay Closing of $2-Billion Merger

The multistate operators mutually agreed to extend their proposed closing date to the second quarter of 2023.

February 27, 2023

Illinois

MedMen Continues Restructuring Efforts Amidst 34% Payroll Reduction

The multistate cannabis operator announced the strategic review of its assets in Arizona, Illinois and Nevada as next steps of those efforts.

February 20, 2023

Illinois

Illinois Cannabis Regulation Oversight Office Launches Cannabis Disparity and Availability Study

The Disparity Study complies with the Cannabis Regulation and Tax Act and conducts a legal assessment of the cannabis licensing process.

February 8, 2023

Illinois

Genetics Storefront Opens Doors in Chicago After DEA Deems Cannabis Seeds Legal

MoneyTree Genetics is selling seeds and clones to the public and to Illinois cannabis businesses and patients enrolled in the state’s medical cannabis program.

January 23, 2023

Arizona

How to Market Adaptogens in Cannabis Edibles: Q&A With Verano EVP David Spreckman

Spreckman discusses the company’s launch of BITS, a line of low-dose edibles that leverage naturally occurring compounds to enhance daily functions.

January 5, 2023

Legislation and Regulation

Illinois Eliminates Curbside Pickup for Medical Cannabis Patients

The state’s regulatory authority sent out an update Dec. 29 that caught licensed operators by surprise; Green Thumb CEO Ben Kovler plans to fight it.

January 3, 2023

Arizona

Year-Over-Year Cannabis Sales Shrink for First Time in 5 States

California, Colorado, Nevada, Oregon and Washington faced unprecedented cannabis retail trends in 2022; Michigan is now the nation’s second largest market.

December 27, 2022

Illinois

Chicago to Welcome Cannabis Research Institute

The CRI’s goal is to provide the industry with evidence-based data and promote diversity, equity and inclusion.

December 20, 2022

Finance

Green Thumb Appoints New Board Member, 4 Executive Leadership Positions

The cannabis company’s expanded leadership team will take effect Jan. 1, roughly three months after three board members resigned.

December 13, 2022