Illinois: Pritzker Administration Announces Revenue Figures For First Month Of Adult Use Cannabis

Marijuana is big business

ILLINOIS: The Illinois Department of Revenue announced that adult-use cannabis sales generated $7,332,058 in cannabis tax revenue during the month of January, with an additional $3,147,928.29 generated in retail sales tax revenue. Governor Pritzker’s recently released budget conservatively estimated the state would collect $28 million in cannabis tax revenue during the remainder of the fiscal Read the full article…

Cresco Labs Names Former Molson Coors Marketing Executive Greg Butler Chief Commercial Office

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ILLINOIS: Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, today announced a high-profile leadership hire to support its steadfast commitment to building the most important cannabis company in the U.S. Greg Butler joins Cresco Labs as its first Chief Commercial Officer. Greg brings to Cresco Labs a strong Read the full article…

Cresco Labs Makes History On January 1st With First Sale Of Adult-Use Cannabis In Illinois

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ILLINOIS: Cresco Labs, one of the largest vertically integrated multistate cannabis operators in the United States, announced today that the Company served 3,145 people on New Year’s Day at its five Sunnyside* Dispensaries located in Lakeview, Elmwood Park, Champaign, Buffalo Grove and Rockford, Illinois. Sunnyside* also sold 9,258 cannabis products, including Cresco’s house of brands and Read the full article…

Cresco Labs Announces Opening Of VidaCann Dispensaries In Pensacola And Jacksonville

VitaCann jacksonville

ILLINOIS:  Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, today announced the opening of new VidaCann medical cannabis dispensaries in the cities of Pensacola and Jacksonville, Florida. With the opening of the new dispensaries, VidaCann now has 12 operating dispensaries throughout the state of Florida. Cresco Labs has entered Read the full article…

Illinois Passes Transformative Adult-Use Cannabis Legalization with Sales Starting January, 2020

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ILLINOIS: Cresco Labs Inc., one of the largest vertically integrated multistate cannabis operators in the United States, today provided comments on the legalization of adult-use cannabis in its home state of Illinois. Cresco Labs CEO & Co-Founder Charlie Bachtell served on the Cannabis Legalization Subcommittee of Illinois Governor JB Pritzker’s transition team as the sole representative Read the full article…

Cresco Labs Named A 2019 Best Place To Work By Crain’s Chicago Business

Cresco Labs Worker

ILLINOIS: Cresco Labs Inc., one of the largest vertically integrated multi-state cannabis operators in the United States, today announced that it was named one of the 2019 Best Places to Work in Chicago. Crain’s Chicago Business partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. Since 2008, Crain’s has highlighted the local Read the full article…

Harvest Health & Recreation To Acquire Verano, Creating One Of The Largest U.S. Multi-State Cannabis Operators

Harvest Health

ILLINOIS: Harvest Health & Recreation, a vertically integrated cannabis company with one of the largest footprints in the U.S., is pleased to announce that it has entered into a binding agreement to acquire Verano Holdings, an arm’s length third party, one of the largest privately held multi-state, vertically integrated licensed operators of cannabis facilities, in an all-stock transaction Read the full article…

Illinois Releases Proposed Industrial Hemp Regulations

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ILLINOIS: Proposed rules for the regulation of industrial hemp production and processing were published today in the Secretary of State’s Illinois Register. Illinois Department of Agriculture (IDOA) staff have been busy drafting those proposed rules since Governor Rauner signed the Industrial Hemp Act into law in August. This new law allows individuals or corporations licensed Read the full article…

Cresco Labs Acquires Assets In Massachusetts With First Cannabis Harvest Planned For Spring 2019

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ILLINOIS: Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, announced a definitive agreement to acquire 100% of the shares and membership interests of Hope Heal Health, Inc. and an affiliated real estate entity. The HHH assets include state registration and licensing that will allow for cultivation, manufacturing, processing, and Read the full article…

Governor Signs Bill Reducing Marijuana Penalties In Illinois

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By Ivan Moreno, AP ILLINOIS: Marijuana possession in small amounts in Illinois will be punishable by fines but not jail time after Gov. Bruce Rauner signed legislation Friday that makes the state the third largest to decriminalize minor pot offenses. The new law, which takes effect immediately, makes having 10 grams or less of marijuana will be Read the full article…