Illinois Medical Cannabis Business & Marijuana Legal News

CEO of multistate medical marijuana operator Green Thumb steps down

Peter Kadens, one of the more notable names in the U.S. cannabis industry, has stepped down as CEO of multistate medical marijuana company Green Thumb Industries (GTI). The 40-year-old entrepreneur, who will stay with Chicago-based GTI as a board member, told MassLive.com he was stepping down for personal and family reasons. Ben Kovler, who founded […]

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Chart: Medical cannabis as alternative to opioids could give Illinois’ MMJ program a massive boost

Pending legislation in Illinois that would allow medical marijuana as an alternative to opioid prescriptions could fundamentally alter the business landscape in the state. The move could potentially add tens of thousands of new patients to the MMJ program and eventually generate hundreds of millions in additional sales. The Illinois General Assembly on May 31 […]

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New York plans to allow medical cannabis as opioid substitute

One of the more restrictive medical marijuana programs in the United States might soon allow the use of MMJ as an alternative to opioids, a move that could provide a much-needed boost to the state’s cannabis businesses. The New York health department plans to develop regulations giving people the choice of enrolling in the state’s […]

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Illinois lawmakers OK use of medical cannabis as alternative to opioids

Legislation passed last week in Illinois would allow potentially thousands of patients to receive medical marijuana as an alternative to highly addictive opioids, a move that could provide a notable boost to MMJ sales. The state’s governor must still sign off on the legislation before it can become law. But the approval by the Illinois […]

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Week in Review: Illinois’ MMJ banking, Massachusetts’ rec licensing & Florida lawsuit

An Illinois bank stops serving Illinois medical marijuana businesses, Massachusetts begins its recreational cannabis licensing process, and a Florida MMJ company takes the state to court. Here’s a closer look at some notable developments in the marijuana industry over the past week. Illinois banking issue The Bank of Springfield’s decision to quit working with Illinois […]

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Illinois medical marijuana companies losing primary bank

Bank of Springfield, the main financial institution that serves Illinois medical marijuana businesses, will stop working with the state’s MMJ industry, forcing local cannabis companies to deal in cash or find another alternative. According to the Chicago Tribune, the bank informed its clients last month that their accounts will be closed May 21. The move […]

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Chicago voters back recreational marijuana legalization

By an overwhelming margin, Chicago metro area voters told lawmakers they want legal cannabis. In a vote on a nonbinding referendum that asked locals if they want the state to legalize recreational marijuana, 63% of Cook County voters responded “yes,” the Chicago Tribune reported. The county – which includes more than 130 municipalities, including Chicago […]

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Judge orders Illinois to add intractable pain as a medical marijuana condition

An Illinois judge has ruled the state must add intractable pain to the list of medical marijuana qualifying conditions, a move that could greatly expand sales at the program’s 53 dispensaries. The state health department initially rejected intractable pain as a condition, but Cook County Judge Raymond Mitchell ordered the department to include it, the Chicago […]

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19 attorneys general urge Congress to give cannabis states access to banking

A letter to 10 major Congressional leaders from 19 attorneys general asks Congress to push through legislation that would allow states with medical or recreational marijuana laws to bank as other business do. The group suggests that Congress give special attention to measures such as the Secure and Fair Enforcement Banking Act (SAFE). Congressman Ed Perlmutter, D-Colorado, introduced […]

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Colorado marijuana edibles maker Wana Brands expands into Arizona

As the first step of a plan to expand into six marijuana states in 2018, edibles maker Wana Brands has established a presence in Arizona.

According to a news release, the Colorado company’s gummies are now available in medical cannabis dispensaries throughout the state.

Wana Brands’ products will be manufactured and distributed through an agreement with AltMed Arizona.

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