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Tag: Illinois cannabis

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

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

Analysis: Don’t call it “social equity”, Illinois is really trying to eliminate the underground market

Except for a few lucky ones, Illinois’ cannabis license distribution has been a disaster. So, other than the entertainment value of the state’s self-immolation, why should anyone outside of the… Continue reading Analysis: Don’t call it “social equity”, Illinois is really trying to eliminate the underground market

Illinois Is A Unicorn Cannabis Market With Plenty Of Room To Grow Going Into The Future

Illinois is one of the fastest growing cannabis markets in the United States and reported more than $1 billion of recreational cannabis sales in 2021.  The performance of Illinois’ cannabis… Continue reading Illinois Is A Unicorn Cannabis Market With Plenty Of Room To Grow Going Into The Future

Illinois supercase holding up 185 dispensaries licenses approaches late spring resolution

Close to two hundred Illinois dispensary licenses edged closer to leaving legal limbo Friday as a Cook County Circuit Court judge set a late March date to begin planning for… Continue reading Illinois supercase holding up 185 dispensaries licenses approaches late spring resolution

Cresco Labs Bolsters Leadership Team With Three Senior Promotions

David Gacom, Melissa Wagamon and Sean McAlister, who move into Regional President roles, will lead the business across the platform while strengthening the company’s geographic footprint CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF)… Continue reading Cresco Labs Bolsters Leadership Team With Three Senior Promotions