US (IL): Rock Island looks to capitalize on cannabis industry

The City of Rock Island hopes to benefit from the legalization of marijuana, as one grower looks to bring even more business to the area.

Rock Island Aldermen voted Monday, August 12 to approve an amendment to the city's agreement with Green Thumb Industries (GTI). Currently, GTI virtually has its property taxes frozen as it expands its facility in Rock Island. The amendment lengthens the time frame by two years or up to $60,000.

Mayor Mike Thoms says the project has grown since it was first started and is costing $17 million. That's more than twice the original estimate.

"They're doing a second and a third phase all at one time, or close to it," Thoms says. "So we're helping them out with a little extra incentive"

Read more at wqad.com


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