Illinois Issues 149 Cannabis Retailer Licenses
Illinois Governor JB Pritzker announced on Friday that the Illinois Department of Financial and Professional Regulation (IDFPR) has issued 149 conditional state licenses for adult-use cannabis retailers to applicants selected in three lotteries held earlier this summer. All of the selected businesses qualify as social equity applicants under the state’s Cannabis Regulation and Tax Act, the 2019 bill that legalized recreational pot for adults statewide. “Illinois is leading the way in addressing the War on Drugs as no state has before, and dispensary ownership that reflects our state’s diversity is a product of that commitment,” Pritzker said on Friday in a statement from the governor’s office. “These licenses represent a significant step toward accountability for the decades of injustice preceding cannabis legalization. Illinois will continue to deliver on the promises of putting equity at the forefront of this process.” Retail Sales Began in Illinois Two Years Ago Illinois’ Cannabis Regulation and Tax Act was the first adult-use cannabis legalization measure in the United States to be passed by a state legislature, rather than through a ballot initiative approved by voters. Sales of adult-use cannabis began at existing medical dispensaries in 2020. But licensing adult-use cannabis retailers has been marked by setbacks and legal challenges over the state’s system to license recreational cannabis businesses. Much of the controversy has centered on the state’s efforts to ensure that members of communities negatively impacted by prohibition and enforcement policies have a path to business ownership in the newly legal adult-use cannabis industry. The first 75 licenses were originally slated to be awarded in May 2020, but lawsuits have delayed progress several times. “Since 2019, we have worked diligently to ensure communities disproportionately harmed by cannabis prohibition and discriminatory law enforcement are included in the adult-use cannabis industry,” said Senate Majority Leader Kimberly A.…
Excerpt only …
READ MORE BELOW
Source : Illinois Issues 149 Cannabis Retailer Licenses
reposted by Cannabis News World
You must log in to post a comment.