Illinois marijuana

The provision would create two new lotteries for awarding licenses. Illinois was supposed to award 75 new dispensary licenses last year but the process faced backlash after many minority applicants weren’t included in the initial lottery.

Illinois generated around $175 million in tax revenue from cannabis in 2020, and 25% of that money goes back to communities in the form of grants.

The state still has to live up to its promises around racial equity.

The Fairview Heights City Council voted 8-1 Wednesday to approve the dispensary near the intersection of Interstate 64 and Illinois Route 159. Ascend Illinois can now move forward with opening its second dispensary in the region at 114 Commerce Lane, a defunct Babies R Us store, in the main shopping district.

Illinois has big goals to build non-white ownership in its new cannabis industry through new business licenses. But those goals are in peril now, because of delays to the licensing process. The longer applicants have to wait, the more money they have to spend to stay viable should they win one.

Illinois will distribute $31.5 million in grants over the next year to local nonprofits, faith- or community-based organizations and governmental bodies to address issues in historically underserved parts of the state.The money for these grants comes from 25% of the tax revenue the state collects from recreational marijuana sales.

Municipalities in Illinois that have cannabis dispensaries will start seeing more money from recreational marijuana purchases. Cities, counties and…

Collinsville’s marijuana dispensary is offering the city some insulation from economic damage caused by the coronavirus outbreak. The city can depend on…

Businesses across the country are losing sales because of the coronavirus pandemic, but Illinois recreational marijuana dispensaries are not. The state on…

BELLEVILLE — Illinois’ new recreational marijuana market is off to a hot start even amid the spread of coronavirus. Earlier this week, the state announced…