Illinois: Page 6

Adult-Use Cannabis Sales Have Generated $15 Billion in State Tax Revenue

Since Colorado and Washington launched adult-use cannabis sales in 2014, states have generated more than $15 billion in adult-use cannabis tax revenue, according to an analysis from the Marijuana Policy Project. Here's a state-by-state breakdown of tax revenue from 2022.

Union Files Spying Charges Against Green Thumb Industries

Teamsters Local 777 filed the additional unfair labor practice charges against the multistate cannabis operator in Illinois.

UPDATED: Illinois Governor Signs Budget Bill With Cannabis Tax Provisions

Gov. J.B. Pritzker signed legislation that will allow licensed cannabis businesses to take state tax deductions that are currently prohibited at the federal level.

nuEra Cannabis Announces Agreement to Purchase Ieso Cultivation Facility in Illinois

One of only 20 full-scale cultivation licenses in Illinois, Ieso’s cultivation facility spans over 36,000 square feet of canopy, reaching a maximum of 210,000 square feet of flowering canopy.

Green Thumb Workers Strike at 3 Dispensaries in Illinois

The unionized workers at a trio of RISE retail facilities in the Chicago metropolitan area coordinated the strikes through Teamsters Local 777.

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.

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.

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