Illinois Medical Cannabis News
Business mogul and rapper Sean “Diddy” Combs agreed to buy marijuana retail and production assets owned by Columbia Care and Cresco Labs for up to $185 million to create what is being called the largest Black-owned cannabis company in the U.S.
Marijuana multistate operator Verano Holdings refinanced its existing $350 million credit facility from cannabis industry real estate lender Chicago Atlantic.
After vowing to do so, Minnesota-based Goodness Growth Holdings filed a notice of civil claim seeking unspecified damages after multistate marijuana operator Verano Holdings Corp. terminated their acquisition deal.
As cannabis executives watch the 2022 midterm elections, one factor that could affect races for seats in the U.S. House of Representatives – and the likelihood of federal marijuana reform – is congressional redistricting.
Cannabis multistate operator MedMen Enterprises argues in its response to a lawsuit that it shouldn’t have to pay the almost $1 million it allegedly owes in back rent because marijuana is illegal under federal law.
Star Buds IL became the first social equity craft marijuana grower to begin operations in Illinois.
Employees at the Sunnyside marijuana store in Schaumburg, Illinois, voted to join Teamsters Local 777, with 97% of the workers in favor.
