Illinois

Mon
16
Nov

Illinois marijuana sales top $100 million in October

Illinois saw more than $100 million in marijuana sales in October, the Illinois Department of Financial and Professional Regulation reported Monday.

There was a record $75 million in recreational pot sales last month, up nearly $8 million from the previous month. Sales of medical marijuana totaled another $33 million, according to officials. The first 10 months of legal cannabis sales total more than $500 million, with about $300 million in medical marijuana sales.

Marijuana sales to adults is legal in 11 states and Washington D.C. Four more states approved recreational marijuana use in Tuesday’s election, while six Chicago suburbs joined a growing list of Illinois municipalities allowing cannabis dispensaries for adults.

Wed
11
Nov

More pot shops in Illinois? Lawmakers mull plan to create new dispensary licenses amid delays

Legislators in Springfield are hashing out a plan that one lawmaker says could potentially double the number of new marijuana shops as the state grapples with an ongoing licensing imbroglio that’s hampered the governor’s pro-pot agenda, the Sun-Times has learned.

A lottery to determine the winners of the next wave of 75 licenses has been delayed indefinitely after a string of lawsuits were filed in the wake of the announcement that just 21 groups qualified in September. Though Gov. J.B. Pritzker later created a process to give the more than 900 losing applicants another shot, that plan has also prompted legal action from three of the finalists.

Tue
10
Nov

Illinois crosses $100 million threshold in monthly marijuana sales as election victories pave way for more growth

There was no blue wave or red wave during Election Day, but the green wave rolled on for cannabis as voters expanded recreational use to more locations just days after the industry’s most lucrative month yet in Illinois.

Illinois adult-use cannabis dispensaries generated a record $75 million in sales during October, up nearly $8 million from the previous month, according to the state.

The marijuana business crossed the $100 million threshold in total sales for the first time. In addition to recreational sales, medical marijuana topped $33 million during the month, according to the Illinois Department of Financial and Professional Regulation, which licenses marijuana dispensaries in the state.

Fri
06
Nov

More Than Half Of US States Have USDA Approved Hemp Plans

After a flurry of activity, 27 US states now have hemp plans approved by the US Department of Agriculture.

The passage of the 2018 Farm Bill saw hemp no longer classified a Controlled Substance, and the USDA was directed to approve hemp production plans submitted by states and Indian tribes to ensure hemp would be grown in harmony with the Bill and regulations set by the Department.

Wed
04
Nov

Why Social Equity Matters For Cannabis, And What States Are Doing About It

The means of commercially producing, selling, and profiting from cannabis are, so far, incredibly concentrated in the hands of white business owners.

Introduction to social equity

Let’s get one thing straight — the world needs cannabis. Even as far back as 485 BC (just about 1,500 years ago), Greek historian Herodotus described the pot- smoking rituals of ancient Scythians.

In China, archaeologists uncovered evidence of cannabis use dating back 2,500 years. When considered in this light, cannabis is a human right — and a sacred one at that.

What does all of this have to do with social equity in the cannabis industry here and now?

Tue
27
Oct

Massive raid takes out illegal mail order weed ring that supplied nine states

A massive raid involving hundreds of investigators and 27 simultaneous search warrants in nine communities in Washington State has taken down an illegal weed-mailing ring based out of Seattle.

Wed
07
Oct

Illinois Cannabis Sales Break Record Once Again

Legal cannabis sales continue to break records in Illinois with a total of more than $99 million in sales of both recreational and medical marijuana products sold in September, according to state regulators. The figure tops the previous record for total cannabis sales from August, when combined sales totaled more than $95 million, according to data from the Illinois Department of Financial and Professional Regulation.

Fri
25
Sep

Cannabis Sales In Illinois To Out-Of-State Residents Nearly Doubles

Despite the pandemic, cannabis sales in Illinois continue to increase. But it’s not just in-state sales. Sales to out-of-state consumers in Illinois has nearly doubled since January.

Of the nearly $64 million in total adult-use cannabis sales in Illinois for August, $17.2 million was in “out-of-state resident sales.” That’s nearly double the $8.6 million in out-of-state sales back in January.

Pam Althoff, executive director of cannabis business group CannaBiz, said people are more anxious because of COVID-19.

“The knowledge is now common that Illinois did pass recreational cannabis use, is now out there and people are coming in and trying,” Althoff said.

Thu
24
Sep

Illinois Makes Plans to Make Cannabis Industry Inclusive

Illinois has been making major headlines in the cannabis sector, as some groups cry out that the plans for granting new business licenses are not inclusive enough of minorities, and that the lottery system for choosing new businesses license holders is unfair. 

Thu
24
Sep

Are There Any States That Restrict CBD Products?

The most lenient states permit consumers to purchase almost every CBD type irrespective of its source or intended use.

As of 2018, all 50 states have officially legalized the use of hemp-based CBD products. In the United States, governing officials initially classified CBD, hemp, and marijuana as harmful substances. However, recent medical insight encouraged federal authorities to legalize industrial hemp and CBD on a national level.

For routine CBD consumers, legalization may be good news. Though CBD-based products are manufactured and distributed throughout the United States, you’ll need to remember that each state has set its own rules regarding CBD use.

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