Illinois lawmakers joined the licensed cannabis industry Thursday in calling for a ban on intoxicating hemp products such as Delta-8-THC, a move retailers of such substances said would put them… Continue reading Illinois lawmakers call for ban on intoxicating hemp products, but retailers call for regulations
Category: News
Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo
The Internal Revenue Service (IRS) has issued a new memo clarifying the rules for reporting large cash payments between marijuana businesses, which the agency says should not automatically be considered… Continue reading Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo
Black-Owned West Side Weed Dispensary Won’t Get Alderman’s Support
After negative feedback from some neighbors, Ald. Walter Burnett won’t endorse a plan for a dispensary that aims to open at the old Catfish Corner site in Garfield Park. GARFIELD… Continue reading Black-Owned West Side Weed Dispensary Won’t Get Alderman’s Support
Feds crack down on companies marketing weed edibles in kid-friendly packaging
Edible cannabis products sold in packaging that closely resembles kids’ snacks such as Doritos chips and Oreo cookies are deceptive and could pose a health risk to children, the Federal… Continue reading Feds crack down on companies marketing weed edibles in kid-friendly packaging
Illinois Governor Signs Budget Bill With Cannabis Tax Provisions
Illinois Gov. J.B. Pritzker announced June 7 that he signed the state’s fiscal year 2024 budget into law, including a provision that will provide tax relief to Illinois’ licensed cannabis businesses. Both… Continue reading Illinois Governor Signs Budget Bill With Cannabis Tax Provisions
RAW Rolling Papers Caught in a Web of Deceit
A jury verdict found HBI International, creator of RAW Organic Hemp rolling papers, engaged in unfair business practices which violated the Illinois Uniform Deceptive Trade Practices Act. The RAW brand,… Continue reading RAW Rolling Papers Caught in a Web of Deceit
Sean ‘Diddy’ Combs to buy Chicago-area cannabis operations in deal connected to $2 billion Cresco-Columbia Care merger
Sean “Diddy” Combs has agreed to buy nine cannabis retail stores and three production facilities in Illinois, New York and Massachusetts for $185 million as part of required antitrust divestitures… Continue reading Sean ‘Diddy’ Combs to buy Chicago-area cannabis operations in deal connected to $2 billion Cresco-Columbia Care merger
New York Regulators Issue Guidance for Adult-Use Cannabis Dispensaries
With more than 900 applicants vying for an adult-use dispensary license in New York, the state’s Office of Cannabis Management (OCM) released guidance for adult-use retailers Oct. 28 that sets the expectations for those… Continue reading New York Regulators Issue Guidance for Adult-Use Cannabis Dispensaries
New adult-use marijuana markets worth more than $1.5 billion on the ballot
(This story is part of a series examining state ballot initiatives as well as key issues and races that voters will consider on Nov. 8.) Adult-use marijuana sales could grow… Continue reading New adult-use marijuana markets worth more than $1.5 billion on the ballot
Illinois’ 1st predominantly Black-owned licensed pot business and craft grower opens in Rockford; hundreds more licensees still trying to get started
Inside a cavernous warehouse in Rockford, behind three sets of locked doors, hundreds of tiny cannabis seedlings grow. They are the initial crop cultivated in Illinois by Star Buds, which… Continue reading Illinois’ 1st predominantly Black-owned licensed pot business and craft grower opens in Rockford; hundreds more licensees still trying to get started