Pritzker administration issues first wave of conditional adult-use cannabis dispensary licenses – The Southland Journal

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Pritzker administration issues first wave of conditional adult-use cannabis dispensary licenses (Springfield, IL) Governor JB Pritzker and the Illinois Department of Financial and Professional Regulation (IDFPR) today issued 149 Conditional Adult Use Distribution Organization Licenses to applicants selected in three sweepstakes held in the summer of 2021. All businesses are eligible as social equity applicants under the Cannabis Regulation and Taxation Act. Today’s list winners and next steps for the conditional license period are available on the IDFPR’s Adult Use Cannabis Web page.

Among the companies selected through the lottery, 41% are majority black-owned, 7% are majority white-owned, and 4% are majority Latino-owned, while 38% of winners did not disclose the race of their owners. To date, Illinois has made and executed the largest adult-use cannabis tax revenue pledge for community reinvestment, cleared the most cannabis-involved criminal records, and has the highest rate. minority ownership of all states reporting/collecting ownership demographics in the country. .

“Illinois is leading the way in the fight against drugs like no state has before, and owning a dispensary that reflects our state’s diversity is a product of that commitment,” said Governor JB Pritzker. “These licenses represent an important step towards accountability for the decades of injustice preceding the legalization of cannabis. Illinois will continue to deliver on its promise to put equity at the forefront of this process. »

The publication of these licenses marks the first issuance of a conditional use license for adults. Issuing Agency Licenses since Illinois legalized cannabis for adult use under the Cannabis Regulation and Tax Act in 2019.

Businesses with conditional licenses will have 180 days to select a physical location and obtain the full adult distribution organization license. A complete overview with the next steps in the process is available here. If a conditional licensee is unable to find a suitable physical location within the 180-day period, they may apply for a 180-day extension. Once an Adult Distributor License has been issued, a business can begin purchasing and distributing cannabis for adult use.

“Since 2019, we have worked diligently to ensure that communities disproportionately harmed by cannabis prohibition and discriminatory law enforcement are included in the adult-use cannabis industry,” said the CEO. Senate Majority Kimberly A. Lightford (D-Hillside). “With the issuance of 149 Conditional Adult Use Distributor Organization Licenses, Illinois has become a leader in minority cannabis ownership and will continue to drive social equity, social justice and inclusion. on the market.”

“We will continue to work to ensure that those most affected by the war on drugs have the opportunity to operate in Illinois and continue to fight to diversify this industry for the long term,” the representative said. Gordon-Booth State (D-Chicago). “It’s a long game and we will continue to fight to create opportunities for those who have suffered the most disparate impact.”

“Illinois is well on its way to increasing fairness in the state’s cannabis industry with the issuance of adult conditional distribution licenses,” said state Rep. Sonya Harper (D-Chicago ). “I look forward to following the successes of our new ventures and continually working to ensure fairness in the industry.”

“It’s critical that we center people whose voices have been left out for far too long in the conversations surrounding this process,” said State Sen. Cristina Castro (D-Elgin). “A significant portion of this round of licenses has been awarded to Black and Latino-owned businesses in communities that have been disproportionately impacted by the criminalization of cannabis. I am proud that Illinois continues its work to ensure the cannabis industry is fair and reflects our state’s diverse and unique population.

“I’m happy to see more licenses coming out today,” said state Rep. La Shawn K. Ford (D-Chicago). “But, with every positive step forward, we are also reminded that there are deserving people who have been left behind through no fault of their own. So, even as we celebrate the progress made towards a more inclusive, fair and just cannabis licensing system, we must immediately turn our attention to finding solutions that will help those who are left behind in this process to also progress.

“The release of these licenses signifies a transformation on the retail side of the Illinois cannabis industry, creating more opportunities for individuals of all backgrounds to enjoy the benefits of legalization as employees. and ancillary service providers,” said Mario Treto, Jr., secretary of the Illinois Department of Financial and Professional Regulation. “These licensees continue to lay the foundation for a more diverse and equitable cannabis industry than any other in the country. I am extremely proud of our team for their work over the past two years and look forward to working with these new business owners through the next stages of licensing.

Under a separate program administered by the Illinois Department of Commerce and Economic Opportunity (DCEO), the State of Illinois offers low-interest loans to qualified licensed businesses through of its cannabis social loan program. The first batch of Social Equity License applicants are expected to finalize loan agreements directly with DCEO’s partner lending institutions in the coming weeks. The next phase of the loan program will be launched in the near future. Additional information about the Social Equity Cannabis Loans Program can be found here.

DCEO also funds free licensing and post-licensing technical assistance through its partners at Oakton Community College, the Trep School, the Women’s Business Development Center, and the University of Ottawa School of Law. Illinois to Chicago. Additional information on these resources and how to access them can be found here.

Pritzker administration issues first wave of conditional adult-use cannabis dispensary licenses

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