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Weed business ownership still hidden in haze of smoke

Submitted by Marijuana News on Sun, 03/08/2015 - 01:31

Want a stake in the medical marijuana business but missed out on getting a coveted state license? You might not be too late.

Weed businesses that scored licenses to grow in Illinois are looking for investors.

But if the chance to get in on the ground floor of what’s already a $2.7 billion industry in the United States sounds too good to be true, insiders say the tiny number of patients so far permitted to use marijuana in Illinois is causing them sleepless nights.

They’re looking for tens of millions of dollars in financing to build marijuana farms — and to keep running while hoping the state will loosen its restrictions on who can use the drug.

The continuing search for investors means that, despite the background checks that were required in the lengthy and costly license-review process designed to weed out organized crime and other undesirables, it’s still not clear...

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Illinois
United States

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URL: 
http://chicago.suntimes.com/business/7/71/419772/winning-licenses-pot-businesses-going-new-investors

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