REC ARRIVES IN CHICAGO
PHOTO BY NEAL KHARAWALA ON UNSPLASH
Illinois REC sales begin on new year’s day.
- Chicago city council rejected a proposal to delay REC sales by six months. The proposal had support from some members of the council’s Black Caucus who believed the delay would help ensure diversity among dispensary owners.
NBC - Politico reported the delay also had support from MSOs MedMen and Green Thumb Industries which have dispensaries in the suburbs but will not be able to open in the city before mid-2020.
The run-up to legalization has been confusing, the Chicago Tribune editorializes.
Chicago Mayor Lori Lightfoot (D) wants to create a city-owned cannabis co-op which aspiring entrepreneurs could buy into.
Chicago Tribune
- She also released a proposal which would allow consumption in businesses which derive 80% of revenue from tobacco-related products, such as cigar bars and hookah lounges.
Chicago Sun-Times
Quick Hit
- Ohio officials want to tighten the rules surrounding transfers in MED business ownership.
Cincinnati.com
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