Illinois Medical Cannabis News
Most of the largest U.S. marijuana multistate operators experienced revenue declines in the first quarter of 2022 versus the previous three months, reflecting seasonal factors, declining cannabis prices and inflationary pressures that could be curbing consumer spending.
An Illinois judge has lifted a court order standing in the way of 185 new business licenses being issued for recreational cannabis stores.
Illinois-based multistate operator Verano Holdings said it won a lawsuit in which it was accused of transporting marijuana from its home state to Arkansas.
Multistate operator Cresco Labs succeeded in its push to get $38 million in tax breaks for a planned cannabis cultivation and manufacturing facility in Ulster County, New York.
Illinois, once lauded for creating a potential social equity blueprint for the marijuana industry, continues to struggle to get its program off the ground.
Marijuana industry real estate lender Chicago Atlantic Real Estate Finance increased the size of its revolving credit facility by $20 million to $65 million.
Multistate marijuana company MariMed completed the acquisition of Illinois cannabis company Green Growth Group, vertically integrating its business operations within the Midwestern state.
