Webinar: NCIA Committee Insights – Illinois Market – What’s Happening and What’s Next
Join us on Monday, May 11 at 1:00 PM MT for this webinar. How is the 11th state to permit adult-use cannabis doing, and what’s coming next? Want to get your foot in the door? Join us in a lively conversation about Illinois application and licensing. Considering expansion to... Read more
State regulators in Illinois announced on Wednesday that they will delay awarding licenses for 75 new recreational marijuana dispensaries because of the COVID-19 coronavirus pandemic. The Illinois Department of Financial and Professional Regulation (IDFPR) said that the licenses, which were scheduled to be awarded on May 1, will be... Read more
Chart: Illinois harvested 73% of crops planted in 2019, according to first-year hemp production totals
Hemp farmers in Illinois were able to harvest 73% of their 2019 crop, despite swings in the weather that made farming not so favorable in the inaugural year of legal hemp production. According to a report released earlier this month by the Illinois Department of Agriculture (IDOA), Illinois farmers... Read more
Rural pharmacies in Illinois are receiving financial support from cannabis taxes earmarked for the state’s ‘rainy day fund,’ officials announced recently. Illinois State Comptroller Susana Mendoza announced last month that nearly $1 million would be released to critical access pharmacies providing essential services to rural communities during the ongoing... Read more
The Illinois Cannabis Market Is Strong, But Shortages Will Persist For Months
Illinois’ new recreational marijuana market is off to a hot start even amid the spread of coronavirus. Earlier this week, the state announced nearly $36 million worth of legal cannabis was sold in March — on par with numbers from February. March may be two days longer, but it... Read more
Cresco Labs Granted Final State Approval to Open the First Adult-use Dispensary in Downtown Chicago Sunnyside River North will open soon for online sales CHICAGO, April 06, 2020-(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States,... Read more
Adult-use marijuana sales remain high at $35.9 million in March in Illinois
More than $109 million of marijuana products were purchased in Illinois in the first three months of legalization, and the third month of sales was on par with the first two despite a stay-at-home order being in place for 11 days in March. Preliminary numbers show statewide adult-use cannabis... Read more
Marijuana sales in Illinois continue to hum along, three months in the state’s nascent adult-use cannabis program. The Illinois Department of Financial and Professional Regulation announced Thursday that weed sales in March totaled $35,902,543.22, bringing the three-month sales total to more than $110 million since the program kicked off... Read more
The COVID-19 pandemic could accelerate the legalization of marijuana deliveries in Illinois. Sonya Harper, a Democratic state House representative from Chicago, had already introduced a bill last month that would open the door for both medical and recreational cannabis customers to receive their products via delivery.   Harper’s legislation would... Read more
How recreational weed went from illegal to essential in 3 months in Illinois
Throngs of high-minded shoppers started flooding pot dispensaries when sales of recreational weed kicked off in Illinois at the start of the year. Less than three months later, that type of mass clamoring is strictly forbidden as social distancing measures have been put in place to quell the spread... Read more
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