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Illinois releases 2023 Annual Cannabis Report

Illinois News Joint

Friday, the Illinois Department of Financial & Professional Regulation (IDFPR) released its Annual Cannabis Report for fiscal year 2023. The 20-page report included a summary, 2023 accomplishments, goals for fiscal year 2024, and several charts and statistics. This goal was again listed as one of the Essential Projects for FY2024.

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Illinois cannabis oversight bills move forward

Illinois News Joint

Four Illinois House bills involving cannabis oversight and regulations were assigned to the Executive Committee February 28, 2023. Effective July 1, 2023.” was filed on January 25, 2023, assigned to the Rules Committee January 25, 2023, and then assigned to the Executive Committee February 28, 2023. Evans, Jr. ,

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New York Cannabis Control Board: Seventh Meeting News Highlights

Cannabis Law Report

Conditional Adult-Use Retail Dispensary Regulations. During the meeting, the CCB directed the OCM to post for public comment the proposed regulations for the conditional adult-use retail dispensary licenses to businesses run by owners disproportionately impacted by the criminalization of cannabis.

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Cannabis Laws & the Southern States

Cannabis Law Report

Unlike Florida, Arkansas opted against vertical integration, instead authorizing separate dispensary licenses (up to 40) and cultivation facility licenses (up to eight). Unlike Florida, Arkansas opted against vertical integration, instead authorizing separate dispensary licenses (up to 40) and cultivation facility licenses (up to eight).

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New York Governor Announces Investment Team to Manage $200M Social Equity Cannabis Fund

Cannabis Law Report

Kathy Hochul announced June 22 the selection of Social Equity Impact Ventures LLC, a minority-led investment team, to sponsor and manage New York’s $200-million Social Equity Cannabis Investment Program that was included in the state’s fiscal 2023 enacted state budget. Cannabis Business Times.

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Columbia Care Announces Closing of US$74.5 Million Private Placement Offering of 6.00% Secured Convertible Notes Due 2025

Cannabis Law Report

The Notes were offered for sale on a private placement basis in certain provinces of Canada pursuant to applicable exemptions from the prospectus requirements of Canadian securities laws. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. NEW YORK–(BUSINESS WIRE)–Columbia Care Inc.

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Columbia Care Completes Acquisition of Green Leaf Medical; Cements Market Leading Position in Mid-Atlantic

Cannabis Law Report

Adds Approximately 400,000 Square Feet of Cultivation and Production Capacity as well as Four Operational Dispensaries and Six In-Development Dispensaries in Key Markets. Immediately Accretive to Columbia Care Gross Margin, Adjusted EBITDA and Free Cash Flow with Acquisition Multiple of Approximately 4.8x 2021 Adjusted EBITDA.