Illinois

Tue
24
Feb

Latest Patient Counts in Emerging Medical Marijuana Markets: Nevada, Illinois, Massachusetts

Medical marijuana dispensaries are slated to launch in several new states this year, accelerating the MMJ industry’s march across the country.

But it’s difficult to determine the potential size of these markets, as it will largely depend on how many patients register for medical cannabiscards.

So far, patient totals are relatively low in these states.

Just 200 people have signed up for cards in Delaware, where the first and only dispensary allowed is scheduled to open this spring. That represents a miniscule .02% of the population.

Tue
10
Feb

Rauner announces who can grow and sell medical marijuana in Illinois

Image credit: Pixabay

The marijuana seeds can soon be planted. In a move that surprised advocates of the medical marijuana program, Gov. Bruce Rauner’s administration on Monday announced it would issue most of the coveted licenses to grow and sell the medical product. The move came amid fears Rauner would take months to determine who should be awarded the new state licenses.

Tue
10
Feb

Week in Review: Illinois a Launchpad for MJ Companies With Eye on National Expansion

February 6, 2015

By John Schroyer

The cannabis industry has been abuzz since Illinois unexpectedly issued 70 business permits to medical marijuana companies earlier this week, allaying concerns that the licensing process would be delayed indefinitely.

“I’ve got phone calls coming in almost 24/7 now,” said Joseph Friedman, chief operations officer at PDI Medical, which was awarded a dispensary license. “It’s been a very exciting 48 to 72 hours since we got notice. I’m working day and night to make this thing happen.”

Mon
19
Jan

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.

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