Illinois: Page 24

MedMen-PharmaCann Acquisition Falls Apart, New Report Says Vaping-Related Illnesses Similar to Chemical Burns: Week in Review

MedMen and PharmaCann have terminated a $682-million acquisition deal that would have allowed MedMen to purchase PharmaCann in an all-stock transaction.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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