Illinois Medical Cannabis Business & Marijuana Legal News

Cannabis REIT files to be listed on NYSE

A cannabis-focused real estate investment trust has filed to list its shares on the New York Stock Exchange. If approved, it would be the first marijuana-related company to list on the Big…

MIT Grads Raise $4.5M to Fund Hemp Trading Platform

A pair of recent Massachusetts Institute of Technology graduates have packed up, moved to Chicago, and raised $4.5 million to launch a first-of-its-kind trading platform for industrial hemp. The duo…

Illinois MMJ Cultivators Now Allowed to Host Reporters

Illinois medical marijuana regulators today lifted an unusual prohibition on media outlets visiting the state’s cultivation facilities, a move growers hope will allow them to better educate patients and the public…

Illinois Bank Facing Fed, State Heat Tied to MJ Clients

A community bank in Illinois has reportedly landed in legal hot water with the federal and state governments for violations allegedly relating to cannabis. The news highlights financial industry fears that…

15 Illinois Dispensaries Still Waiting to Open

Illinois Gov. Bruce Rauner surprised his critics and supporters alike when he issued 52 medical cannabis dispensary permits and 18 cultivation licenses last February without preamble. But though 37 of…

Illinois to Extend, Expand Medical Marijuana Program

State lawmakers from both parties in Illinois have agreed to extend Illinois’ medical marijuana pilot program to July 2020, and expanded the list of qualifying conditions to include post-traumatic stress…