US: Illinois issues 48 new craft cultivation licenses to diversify industry

Illinois issued 48 new cannabis craft grow licenses Wednesday, continuing slow progress in expanding and diversifying the industry.

Twenty of the new licenses are majority black-owned, 17 are majority white-owned, and four are majority hispanic-owned, with the rest owned by a partnership group or not providing specific information.

All the new licensees qualified as social equity applicants, meaning they lived in areas of high poverty or had frequent cannabis arrests, or their immediate family members had a prior minor cannabis criminal record, or have more than half their employees meeting those criteria.
 
The news means that applicants can now get financing to pursue their dreams and can restart the process of acquiring real estate, getting zoning approval, beginning construction, hiring employees, and buying supplies.

To read the complete article, go to www.pantagraph.com


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