Applications for cannabis licenses are around the corner and The Illinois Department of Financial and Professional Regulation said it made some adjustments since the last round, with a goal of improving its social equity candidate reach. BlackVoicesWTTW
The office said it made some adjustments since the last round, with a goal of improving its social equity candidate reach.
“They make a lot of sense,” Parnell said. “Cutting out a lot of the upfront paperwork that really just made money for consultants and attorneys and accountants and folks that aren't social equity, won't be running the business, so nothing like that, is more accessible. It also avoids some of the issues that give rise to litigation in other states … . I think the big challenge for the state is still working out support funding and things like that.
Ambrose Jackson, CEO of The 1937 Group, reported a setback this week in his company’s progress: The city of Danville denied its permit to operate there, citing oversaturation concerns. “I know that that the local municipalities need to have some sort of say in what goes on in their areas,” Jackson said. “What could the state have done differently? In this case, I'm not sure. The licenses were awarded based off populations and [U.S. Bureau of Labor Statistics] regions and you know, certain cities and areas don't want dispensaries or cultivation centers in those areas. It just creates an additional layer of complexity from people who win those licenses.
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