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Cannabis Business Times Newsletter
ESG: How Can You Use Fewer Resources?
Cannabis Business Times
A Sharp Falloff in Investor Interest
First Quarter 2022 Capital Markets Review: Debt Financing Remains Dominant Source of Funding
The first quarter of this year saw capital raise transactions and invested capital decline. More >>
Licensing Labyrinth

It’s been a long road littered with lawsuits, but Illinois awarded its long-awaited craft grow cannabis licenses this week.

The Illinois Department of Agriculture (IDOA) announced the license winners June 1, completing a licensing round that was supposed to close in December 2021.

All 48 licenses went to entities that Illinois defines as Social Equity Applicants, with 20 (42%) awarded to Black-owned businesses, 17 (36%) awarded to white-owned operations and four (8%) awarded to Hispanic-owned companies. (Eight percent of the licensees are owned by a partnership group and 6% did not provide that information.)

As this chapter of Illinois’ licensing process comes to a close, another one also nears its conclusion; a judge ended a court order May 27 that allows the state to issue 185 adult-use cannabis dispensary licenses, which were also held up  by separate court orders stemming from litigation challenging that application scoring process.

The Illinois Department of Financial and Professional Regulation announced in March that it would simplify the cannabis retail licensing process with a new set of rules, which will likely be considered by the Joint Committee on Administrative Rules later this summer.

- Melissa Schiller, Senior Digital Editor

Prospiant - CBT Prospiant New Delta Cup-5
Steadying the Adult-Use Ship
New York Cannabis Board Approves Packaging, Marketing, Testing Regulations; 16 More Cultivation Licenses Issued
The approved regulations are the first for the broader adult-use market in the state. More >>
CBT Headlines
Illinois Awards 48 Craft Grow Cannabis Licenses
California Cannabis Sales Dip to Lowest Mark Since 2020 Q2
Analyzing Cart Size Dynamics in Wholesale Cannabis
3 Tips To Increase Retail Cannabis Sales with SEO
More Than Half of Missouri Voters Support Adult-Use Cannabis Legalization
Mississippi Opens Applications for Medical Cannabis Cards, Business Licenses
Tilt Holdings, Highsman Agree to East Coast Partnership
Adult-Use Cannabis Legalization Initiative Approved for South Dakota’s 2022 Ballot
PurePressure - CBT Jun. 2022 SKU Selections Webinar on Jun. 17
Using Fewer Resources
‘Practical, Pragmatic Demystification of Good Stewardship’: Q&A With East Fork Cultivars’ Mason Walker
The CEO and co-owner of the Southern Oregon cannabis and hemp business dives into regenerative growing. More >>
Beyond the Newsletter

Are you interested in growing with LEDs? How about mastering environmental control? Profiting with solventless extraction? We have the resources to help with your bottom line, from plant nutrition to climate control, insurance for your business and more. Check out our “From the Experts” page here.

How long have you been following Kenneth Morrow’s column Tomorrow in Cannabis? Read all of his work here.

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About CBT:
Cannabis Business Times is the most trusted source of actionable intelligence for plant-touching cannabis businesses throughout North America and is producer of the industry-leading Cannabis Conference.

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