Costs adding up for medical marijuana entrepreneurs

In the world of medical marijuana entrepreneurs in Illinois, there’s plenty of green behind the grass.

Hundreds of would-be medical marijuana growers and sellers have put millions of dollars on the line hoping for coveted state permits that were supposed to issued by former Gov. Pat Quinn by the end of last year.

To snag those valuable permits, the entrepreneurs hired consultants, lawyers and lobbyists.

They’re already paying rent, in some cases, or have money tied up in options to buy property.

And now, they wait. And with millions of dollars on the line, waiting can get expensive.

The state’s medical marijuana program — and the status of the coveted 21 medical marijuana farming licenses and 60 dispensaries licenses — depends on the decision of one man: Illinois’ new Gov. Bruce Rauner.

Nobody is sure what he’s going to do, and Rauner has given few hints.

A spokesman, Lance Trover, said...

Rate this article: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://chicago.suntimes.com/politics/7/71/297403/costs-adding-medical-marijuana-entrepreneurs