Illinois: Page 5

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Wyld Launches Best-Selling Edibles Brand in Illinois

The U.S. edibles brand has grown from a single market in 2016 to 10 markets in 2022.

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