You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, Earnings... Read more
Committee Blog: Cannabis Lounges – Coming to a City Near You? 
By Jodi Green, Miller Nash LLP; Shay Gilmore, The Law Office of Shay Aaron GilmoreMembers of NCIA’s Risk Management and Insurance Committee Although the concept of state-legal cannabis has been around in some shape or form since 1996, cannabis remains illegal to consume in most public places. In other... Read more
It has been a 50-50 year for Illinois’ adult-use cannabis program. As in a 50% increase in sales, and a 50% increase in tax revenue. The state’s governor trumpeted the figures in an announcement on Monday, saying that Illinois “has seen a 50% increase in total tax reported from... Read more
Marijuana tax revenue doubles in Illinois, cannabis sales surpass $1.5 billion
Illinois has seen a 50% increase in cannabis tax revenue since last year, thanks to the booming adult-use cannabis industry. Gov. J.B. Pritzker’s office said Monday that adult-use cannabis sales exceeded $1.5 billion so far this year. “Illinois has done more to put justice and equity at the forefront... Read more
Illinois Governor JB Pritzker announced on Friday that the Illinois Department of Financial and Professional Regulation (IDFPR) has issued 149 conditional state licenses for adult-use cannabis retailers to applicants selected in three lotteries held earlier this summer. All of the selected businesses qualify as social equity applicants under the... Read more
Proposal would prohibit hemp CBD shops in Chicago from calling themselves ‘dispensaries’
As of July 2022, 20 of the 50 states in the United States had legalized marijuana, with the other 30 ranging from mixed legality to full illegality, according to disa.com. States like Idaho, Wyoming and South Carolina keep weed fully illegal, with criminal charges and zero medicinal use. California, New York and... Read more
Time to exhale? State regulators finally pass around new batch of pot dispensary licenses
The long-awaited licenses are the first new ones to be issued by Gov. J.B. Pritzker’s administration since marijuana was legalized in 2019 and sales started in 2020. Illinois regulators on Friday issued 149 cannabis dispensary licenses that promise to more than double the number of pot shops statewide, ending... Read more
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, Investing in... Read more
The cannabis drinks market is among the fastest-growing industries, and now there are events that represent that rapid growth. Hosted by the Beverage Trade Network, the 2022 Cannabis Drinks Expo will kick off next month and spotlight the legal cannabis market and provide insight into the true potential for... Read more
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, Two... Read more
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