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Illinois investors jump into marijuana business

SPRINGFIELD, Ill. (AP) — Investors around Illinois are jockeying for positions in the marijuana business as they wait for the state’s new medical marijuana law to kick in. And some of them are politically connected.

According to the Springfield bureau of Lee Enterprises, Sam Borek has reserved at least three-dozen marijuana-related business names. Borek was a college roommate of the legislator who sponsored the law, Democratic state Rep. Lou Lang of Skokie.

Those companies have names like Illinois Medical Marijuana Sales Inc., Illinois Cannabis Realty Inc. and Cannabis Medical Centers of Illinois Inc.

And then there’s David Rosen of Chicago. He was Gov. Pat Quinn’s chief fundraiser in 2010 and also raised money for Hillary Rodham Clinton and Al Gore. [Read More]

Rob Meagher

Rob Meagher

Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]

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