cannabis
CHICAGO – The Illinois Department of Financial and Professional Regulation (IDFPR) announced today that adult use cannabis sales set a new annual record in 2023, exceeding $1.6 billion. Records were also set in sales to in-state residents and the number of items sold, with that total increasing more than 15 percent compared to 2022. Sales taxes…
Read Full Article JEFFERSON CITY, Mo. — A St. Louis lawmaker is demanding that Missouri regulators investigate what she called an “egregious exploitation” of social cannabis equity licenses, following a report by The Independent last week about a company that recruited out-of-state license applicants on Craigslist. State Sen. Karla May, a St. Louis Democrat, sent a letter on Thursday to the state’s…
Read Full Article For decades, there’s been a global movement urging “plain packaging” on tobacco products — or packaging with limited colors and frills — after numerous studies found it makes cigarettes less appealing to young people. Missouri will soon be a testing ground to see if plain packaging has the same impact for recreational marijuana. When voters passed the constitutional…
Read Full Article QUINCY — What was Quincy’s first “home-grown” cannabis dispensary is now officially sold. Herbal Remedies, with locations at 4440 Broadway and 1837 Broadway, was acquired by Ayr Wellness for $30 million. The sale was first announced in July 2021. “We are thrilled to finalize the acquisition of Herbal Remedies, strengthening our operational footprint with the…
Read Full Article www.mjbizdaily.com CHICAGO — A group calling itself True Social Equity in Cannabis sued three marijuana multistate operators and an ancillary company in Illinois federal court, claiming the four constitute a “Chicago cartel” linked by the wealthy Pritzker, Wrigley and Kovler families. The nine-page lawsuit was filed this week in U.S. District Court for the Northern District of…
Read Full Article Illinois’ cannabis dispensaries are noticing a steady drop in sales after record-setting sales in December. High prices and a lack of supply likely push customers to street dealers. Recreational marijuana in Illinois set record sales for nine consecutive months, up until January and February 2022. February’s haul of $114 million was the lowest since last March. Price matters…
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