Illinois Medical Cannabis Business & Marijuana Legal News

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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Chart: Eastern US salaries top Western compensation in cannabis

Salaries for employees of U.S. marijuana companies lean higher in East Coast markets than on the West Coast. That’s one key takeaway from a Marijuana Business Magazine survey of cannabis industry recruiters. Exceptions exist, of course, such as California, where salaries are higher than average, and Florida, where they are lower than average. Several factors […]

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Illinois OKs Cresco Labs’ plan to open three more medical cannabis dispensaries

Chicago-based Cresco Labs, a multistate cannabis company, received regulatory approval to acquire a trio of medical marijuana dispensary locations in Illinois. According to a news release, the Illinois Department of Financial and Professional Regulation has greenlighted the company to acquire two stores in the Wrigleyville neighborhood of Chicago – MedMar Rockford and MedMar Lakeview – […]

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Green Thumb Q4 sales climb 237% amid expanding marijuana operations

Green Thumb Industries, a Chicago-based multistate cannabis company, reported revenue of $20.8 million for the fourth quarter ending Dec. 31, 2018, up 237% from the same period a year before thanks to GTI’s expansion into additional states and the opening of more stores. The net loss for the quarter was $3.1 million compared with a […]

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Marijuana Business This Week: Nevada license hearing, hemp lending guidance, SC mulls medical cannabis & more

Here are some notable stories and events to watch for in the coming days: ASCENT LICENSE HEARING: Representatives of Canadian cannabis company Ascent Industries Corp. are scheduled to appear Wednesday before the Clark County Department of Business License to argue why its permits in Nevada should not be permanently suspended, revoked or non-renewed. Sweet Cannabis, […]

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