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ZYNE $1.190 (-0.83%)

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Illinois announces who can grow and sell marijuana

Feb 2, 2015 • 11:44 PM EST
chicago-138901_1280.jpg
1 MIN READ  •  By Michael Berger
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On Monday, Gov. Bruce Rauner’s administration announced who would be allowed to grow and sell medical marijuana in Illinois. The governor’s general counsel awarded 18 licenses to growers and 52 of the 60 selling licenses.

Many people were concerned about the outlook of Illinois’ cannabis market after the former Gov. Pat Quinn left office without awarding the licenses.

Technical420 wanted to highlight a few of the companies that were awarded licenses.

  • Pharmcann LLC– The Chicago-based group of medical marijuana cultivation centers recently raised $20 million through investors.
  • Cresco Labs LLC– The company provides medical cannabis to patients. Cresco Labs is based out of Chicago, Illinois.
  • Harborside Illinois Grown Medicine– They are part of the same family that owns the Harborside dispensary in California. The company’s dispensary in Illinois, however, must follow a different set a rules than the dispensary in California. Patients in Illinois are not permitted to purchase cannabis clones or saplings to take home and grow themselves, nor are they allowed to bring in medicine grown at home for the purpose of selling it to a dispensary.
  • WCCC LCC – West Coast Cannabis Consultants (WCCC) was approved to operate dispensaries in the state of Illinois. 
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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Technical420.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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