Illinois Medical Cannabis Business & Marijuana Legal News

Week in Review: CannTrust’s cannabis regulatory woes, Florida MMJ caps, push for Congress’ support of STATES Act & more

CannTrust is zapped by Health Canada for unlicensed cannabis cultivation, Florida’s medical marijuana license caps and vertical integration regulations are ruled unconstitutional, marijuana advocates urge a U.S. Congressional panel to support states-rights marijuana legislation – plus more of the week’s top marijuana business headlines. Bad week for Canadian marijuana grower Ontario company CannTrust was hit […]

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Ex-Chicago Tribune publisher joins Illinois cannabis firm

A former publisher of the Chicago Tribune joined Illinois-based cannabis company Revolution Enterprises, part of a growing parade of C-suite officers from major companies plunging into the marijuana industry. Revolution, a multistate cannabis company based in suburban Chicago, announced Wednesday it had tapped Tony Hunter, who spent 20 years with the Chicago Tribune, to help […]

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Week in Review: IL gov signs historic cannabis bill, MA moves on MJ cafes/delivery, new CA vape cartridge symbol rules & more

Illinois’ governor makes his state the first to legalize recreational marijuana through its Legislature, Massachusetts moves forward with cannabis cafes and deliveries, California requires a universal symbol on vape pens, the hemp sector makes big inroads – plus other important news from around the industry. Illinois marks a marijuana first Illinois officially became the first […]

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Week in Review: Illinois makes history, New Jersey expands medical cannabis, FDA mulls CBD in food & more

Illinois legalizes adult-use cannabis, New Jersey maps a major expansion of its medical marijuana program, the U.S. Food and Drug Administration holds a landmark hearing – plus other important news from around the industry. Illinois marks a first Illinois became the first state in the country to legalize a commercial recreational market through its Legislature. […]

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Domino effect? Illinois marijuana legalization could spur other states to do same

Illinois, the nation’s first state to legalize commercial recreational marijuana through its Legislature, may spark similar legalization efforts elsewhere in the country – and could serve as a blueprint for others, according to industry executives. That could open the doors to millions – if not billions – of dollars in fresh business opportunities for cannabis […]

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Cannabis group Cresco Labs sees revenue increase, loss in first quarter

Cresco Labs, a Chicago-based, vertically integrated cannabis company, reported quarterly revenue of almost $21.1 million for the three months ended March 31, up from $5.1 million in the corresponding period in 2018. The company reported a net loss of $7.6 million for the period, compared with year-ago net income of $600,000, as it invested in […]

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IL gov touts adult-use marijuana plan, FL dispensary cap lawsuits, Euro MJ conference & more

Illinois Gov. J.B. Pritzker unveils a blueprint for recreational marijuana, lawsuits crop up in Florida around the state’s dispensary caps, a conference in Denmark highlights the growing international MJ space – plus other important news from around the cannabis industry. Recreational marijuana plan for Land of Lincoln The governor of Illinois revealed a plan to legalize […]

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Marijuana Business This Week: Honing IL legalization language, taking reservations in Massachusetts, hempseeds enter space & more

Here are some notable stories and events to watch for in the coming days: LEARNING THE LANGUAGE: Substantial language to incorporate into a bill legalizing adult-use marijuana in Illinois could come as early as Tuesday, according to one of its key proponents. In early April, an Illinois Senate panel advanced a placeholder legalization bill that […]

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