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Home 🌿 Marijuana Business News 🌿 Illinois Market Watch: High Fees and Low Patient Count Complicating Business 🌿Illinois Market Watch: High Fees and Low Patient Count Complicating Business
Despite an ongoing national trend showing that acceptance of marijuana, particularly for medical use, is continuing to swing upwards, there are continued signs of a marijuana backlash in some states. This is affecting not only patients but the business community that aims to support them.
In Illinois, this could not be any better illustrated than the current trials and travails facing both. The unbelievably low number of patient registrations to date has led one company who had won a state license to return it. Green Thumb Industries, the original owner of the license, did not want to pay both the $200,000 registration as well as commit to the required $2 million escrow.
Illinois has now offered the license to PharmaCann LLC, which already has one cultivation permit and four dispensary licenses in the state. As a result, PharmaCann is poised to become the largest state-permitted marijuana operator in Illinois....
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