Marijuana financier Chicago Atlantic BDC secures $100 million credit line
Marijuana business financier Chicago Atlantic BDC closed a $100 million senior secured revolving credit line led by a Federal Deposit Insurance Corp.-insured financial firm.
Illinois posts record $2 billion in cannabis sales in 2024
Total sales of adult-use and medical marijuana in Illinois topped a record $2 billion in 2024.
Illinois regulators adopt Metrc’s marijuana seed-to-sale software
Illinois regulators are replacing the state’s BioTrack marijuana seed-to-sale software platform with Metrc.
Cannabis vaporizers are actually edibles with THC, lawsuit claims
An Illinois cannabis consumer has filed class action lawsuits against two marijuana companies, alleging they are selling products “with excessively high” amounts of THC in violation of state limits.
PharmaCann cannabis growers unionize; Ayr retail, delivery employees ratify pact
Workers at a PharmaCann cannabis cultivation facility voted to unionize. Meanwhile, retail and delivery employees at Ayr Wellness ratified a union contract.
Former executive with cannabis MSO Verano is charged with insider trading
Federal prosecutors have indicted a former executive with cannabis multistate operator Verano Holdings Corp. on a charge of insider trading.
Illinois expands medical marijuana program with 4 new qualifying conditions
Illinois is expanding its medical marijuana program with the addition of four conditions to the list of ailments that can be treated with cannabis.
