Cannabis Business

In the spring of 2023, the Illinois Department of Commerce and Economic Opportunity will issue $8.75 million in state-backed loans for social-equity licensees in the cannabis business. Up to $500,000 is available to qualified businesses with $0 interest for 18 months. Emily Bolton, a spokesperson for the Commerce Department, told the Sun-Times that businesses who

100 applications for the first marijuana consumption lounge permits in Nevada were submitted during a brief period last month, and the state’s marijuana officials say they aim to begin giving licenses in “early 2023.” Starting on October 14th, the Nevada Cannabis Compliance Board (CCB) began taking applications and continued until October 27th, when they stopped.

Since its legalization in 2012, Colorado has made $2.2 billion in taxes off of the sale of marijuana for adults.   Mason Tvert, told 9 News that Colorado’s legalization victory at the ballot box a decade ago “triggered a lot of talks and got a lot of elected leaders both in the U.S. and internationally

According to a survey conducted by Real Estate Witch, 71% of Americans think cannabis legalization is good for state economies, and while only 52% of respondents said they would consider purchasing a home directly next to an adult-use cannabis dispensary, 69% said they would purchase a home within a mile of such a business. Over

Pennsylvania officials are seeking proposals from nonprofit marketing and promotion groups for projects intended to boost the state’s hemp product sales, exports, or consumer awareness. The state Agriculture Department intends to provide $200,000 in matching funds with a minimum grant of $1,000 to cover up to 50% of the project costs. The awards “will fuel