The recreational marijuana industry is poised to expand further in Colorado and Illinois, where voters in several municipalities approved local ballot questions that will repeal previous business bans, according to early returns. In Colorado, at least …
Illinois Medical Cannabis Business & Marijuana Legal News
Illinois cannabis retail applicants get court hearing on license do-over
A group of Illinois cannabis retail license applicants will get to argue their case next week on a suit seeking to compel the state to award 75 new licenses. The case is potentially a key one in deciding how the state moves forward in a marijuana retai…
Marijuana MSO 4Front enters $30M sale-leaseback deal to pay down debt
Multistate operator 4Front Ventures is utilizing a $30 million sale-leaseback transaction to rid itself of debt to a corporate lender, the company said. The all-cash deal with California-based Innovative Industrial Properties (IIP) involves the sale of…
Illinois marijuana retail applicants sue over state’s do-over plan
Illinois is continuing to run into major legal problems in its bid to award 75 additional marijuana retail licenses and prove the merits of its social equity plan. Three applicants who qualified for the final lottery sued the state, challenging Gov. J….
Marijuana MSO Green Thumb faces trademark lawsuit over edibles brand
Chicago-based multistate marijuana operator Green Thumb Industries (GTI) is being sued over its “Incredibles” cannabis edibles brand by Edible Arrangements, a franchisor of stores that sell bouquet-shaped fruit baskets. Edible Arrangements …
New recreational cannabis markets are seeing quicker starts to sales
As public opinion changes and state regulators learn from those who have gone before them, the time it takes from the approval of medical marijuana by voters or lawmakers to the first recreational sales in a market is getting shorter. That could bode w…
Week in Review: Illinois cannabis permits redo, Vermont adult-use progress, Oregon wildfires & more
Seventy marijuana dispensary applicants for recreational cannabis business licenses in Illinois dropped a lawsuit against the state after the governor allowed the losing bidders to make corrections and try again. The lawsuit argued that the state’s lot…
Illinois marijuana retail hopefuls drop suit after getting second chance
A group of unsuccessful cannabis retail store license applicants in Illinois withdrew their legal challenge against the state after the governor announced an application do-over. “This is what we were trying to achieve,” Jonathan Loevy, a Chicago lawye…