Exclusive Interview with Curaleaf President and Incoming CEO Joseph Bayern Curaleaf (CSE: CURA) (OTCQX: CURLF) CEO Joseph Lusardi spoke with New Cannabis Ventures in May about the company’s pending Grassroots Cannabis acquisition and building out its U.S. footprint. The deal closed over the summer, and President Joseph Bayern is set... Read more
Commmittee Blog: NCIA’s Diversity, Equity, and Inclusion Committee Offers Critiques and Recommendations for Illinois Social Equity Dispensary Licensing Process
by NCIA’s Diversity, Equity, and Inclusion Committee We are NCIA’s Diversity, Equity, and Inclusion Committee (DEIC), comprising experienced professionals representing a diverse range of backgrounds. In response to the early results of the Illinois Adult Use Dispensary application process, and with the interest of supporting Illinois’ Social Equity efforts,... Read more
Exclusive Interview with Jushi Co-Founder and President Erich Mauff Jushi (CSE: JUSH) (OTCMKTS: JUSHF) was founded more than three years ago with the intention of bringing a strong management team, with the ability to judiciously raise and deploy capital, to the industry, according to Co-Founder and President Erich Mauff.... Read more
Cash-strapped Illinois turning down $100M in pot taxes, industry says
With Illinois facing a nearly $4 billion budget deficit next year, lawmakers and cannabis industry insiders have claimed the state is missing out on more than $100 million in tax revenue by blocking certain pot shops from relocating. While the state’s economy has been upended by the coronavirus pandemic,... Read more
Illinois legislators are considering adding more cannabis shop licenses to the state.  This new plan, if approved, could as much as double the number of shops that exist so far. There is currently some stagnation in the process, as the lottery system to determine who the next 75 licenses... Read more
Downstate judge orders Illinois not to rescore marijuana license applications while controversial issue plays out in court
You are here: Home / Policy & Legal / Illinois / Downstate judge orders Illinois not to rescore marijuana license applications while controversial issue plays out in court October 29, 2020 by AggregatedNews Leave a Comment A court has ordered Illinois officials to hold off on rescoring license applications... Read more
Recreational marijuana tax revenue passes $100 million in Illinois
October 15, 2020 by AggregatedNews Leave a Comment Illinois has collected more than $100 million in recreational marijuana tax revenue since legalizing sales on January 1, according to the state’s Department of Revenue. The tax revenue, which includes a cannabis tax, as well as state and local sales taxes, reflects growing... Read more
Legal cannabis sales continue to break records in Illinois with a total of more than $99 million in sales of both recreational and medical marijuana products sold in September, according to state regulators. The figure tops the previous record for total cannabis sales from August, when combined sales totaled... Read more
Illinois recreational marijuana sales hit record of nearly $68 million in September
You are here: Home / Policy & Legal / Illinois / Illinois recreational marijuana sales hit record of nearly $68 million in September October 6, 2020 by AggregatedNews Leave a Comment The recreational weed business keeps growing in Illinois, with the state’s adult use cannabis dispensaries generating nearly $68... Read more
Illinois marijuana license finalists file lawsuit over second-chance applications
You are here: Home / Policy & Legal / Illinois / Illinois marijuana license finalists file lawsuit over second-chance applications October 6, 2020 by AggregatedNews Leave a Comment Investors who won a chance for a license to sell recreational marijuana in Illinois have filed a lawsuit asserting it’s illegal... Read more
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