Those watching this space have seen commentary from High Yield about adult use legalization in emerging states such as Illinois. Having a presence in multiple markets across the country gives us a first-hand view into both mature markets and emerging markets like the Land of Lincoln. As Illinois became the first state to legalize adult […]
Illinois
What happens to the weed black market when recreational marijuana goes legal Jan. 1 in Illinois? ‘I see it opening the door to more clients,’ one dealer says.
Recreational marijuana sales start Jan. 1, but it could be years before pot users abandon their black-market weed dealers. Chicago-area residents who buy marijuana from dealers say they’re excited to buy it from stores, to learn more about the products and not risk the fines or criminal charges associated with illegal weed possession. However, the […]
These 2 States Are Sabotaging Their Respective Marijuana Industries
These billion-dollar markets are making it impossible for their cannabis industries to thrive. At this time last year, the cannabis industry looked as if it would be practically unstoppable. Canada had just become the first industrialized country in the world to legalize recreational marijuana, and Wall Street was throwing out huge estimates on future industry […]
Legal marijuana is coming to Illinois as Gov. Pritzker signs bill he calls an ‘important and overdue change to our state’
Gov. J.B. Pritzker on Tuesday signed into law a bill that will legalize marijuana in Illinois next year, marking a momentous shift in how the state treats drug use. The bill will allow the licensed growth, sales, possession and consumption of cannabis for adults 21 and older. The signing ceremony, attended by several lawmakers, officeholders […]
An Introduction to Adult-Use Cannabis in Illinois
By Rebecca Rothmann, Justin S. Dobek and Daniel J. McMahon Jr. Illinois is poised to legalize adult-use cannabis. As of May 31, 2019, the Illinois House and Senate have passed the Cannabis Regulation and Tax Act (the Act) and the bill is on Governor Pritzker’s desk for approval. With more than 12 million residents, Illinois […]
Illinois House approves marijuana legalization bill backed by Gov. J.B. Pritzker
Illinois is one signature away from joining the 10 other states that have legalized recreational use of marijuana. With a bipartisan vote of 66-47, the House approved a bill Friday that had been passed by the Senate Wednesday. Gov. J.B. Pritzker, who campaigned for office on a promise to legalize pot, almost immediately issued a […]
How Democrats are failing on legalized marijuana
Overall, the year has not lived up to expectations. This was supposed to be the big year for marijuana legalization. But in many state capitols across the country, efforts have stalled or collapsed as Democrats clash over everything from race and criminal justice to how to divvy up a gold mine of pot-tax revenue. Legalization […]
Illinois Medical Cannabis Growers Lobby on License Issue
Medical marijuana growers in Illinois have formed a political action committee and are spending money in an attempt to limit the market if recreational use of the drug is legalized in the state. CHICAGO (AP) — MEDICAL marijuana growers in Illinois have formed a political action committee and are spending money in an attempt to […]
Illinois Medical Marijuana Industry Continues to Grow Despite Restrictions
In a warehouse in Joliet, hundreds of marijuana plants sway under high-intensity lights, taking in carbon dioxide-rich air, sucking up a constant feed of nutrients and bristling with buds. Like Olympic athletes, the plants are rigorously trained and intensively pampered. Tiny predator bugs patrol the surface of the vegetation, hunting down any pests. Workers prune […]
Illinois Decriminalization Measure Approved By Gov. Rauner
Getting caught with small amounts of marijuana will result in citations akin to a traffic ticket instead of the possibility of jail time under legislation Republican Gov. Bruce Rauner signed into law Friday. Rauner’s approval of the decriminalization measure comes after he used his amendatory veto powers last year to rewrite similar legislation he argued […]
