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PharmaCann gets latest Illinois license to grow medical marijuana

Submitted by Marijuana News on Thu, 03/05/2015 - 16:04

Ilinois regulators Monday awarded a medical marijuana growing license to PharmaCann LLC, to replace a firm that gave up its license in the northwestern part of the state.

The approval means that PharmaCann, based in Oak Park, has won approval for two grow centers and four dispensaries statewide, more than any other business in the state.

Green Thumb Industries LLC gave up its license to grow marijuana in Dixon last week after it didn't come up with the required $2 million surety bond or escrow account and the $200,000 permit fee. Local officials said Green Thumb, which also has licenses to operate two other grow centers, expressed concerns about the cost of the license while only about 1,000 patients have been approved to get medical marijuana.

GTI officials said their decision to give up the license had nothing to do with a lack of financial resources.

GTI "strategically decided not to...

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URL: 
http://www.chicagotribune.com/suburbs/oak-park/news/ct-medical-marijuana-pharmacann-met-20150302-story.html

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