Illinois: Page 25

Cresco Labs and Origin House Inch Closer to Closing Deal

Although Cresco Labs' stock has fallen since announcing its acquisition deal with Origin House in April, the two parties are moving toward closing.

Innovative Industrial Properties Acquires Illinois Properties, Enters Into Long-Term Leases with Cresco Labs

IIP has closed on the acquisitions of two properties in Joliet and Kankakee, Ill., which comprise approximately 90,000 square feet of industrial space.

Illinois’ Medical Cannabis Program Sees Record Growth

37,000 new patients registered in the fiscal year ending June 30, following changes in the law that expanded access.

Freehold Properties and Revolution Global Announce $29 Million Investment to Expand Illinois Cultivation Facility

Utilizing the capital from Freehold, Revolution plans to more than double the capacity of its flagship cultivation facility.

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.

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