MJBizMag September 2020 - 31

Illinois
The Cannabis Business Association of Illinois says tax revenue from recreational
marijuana sales should be used to help social equity applicants who continue to
accrue expenses because of licensing delays. The second round of licenses were to
be awarded between May and July, and delays are expected to reach at least four
months. This could be especially costly for cultivators and infusers that, unlike retail
applicants, had to secure locations in advance. " Many of these applicants cannot
afford an extended delay, " the industry association wrote in a letter to Gov. J.B.
Pritzker. " Their expenses continue to mount every day. "
Maine
State regulators set an Oct. 9 date for recreational cannabis sales to begin, nearly
four years after voters approved adult-use sales. The state's Office of Marijuana
Policy released the timetable for adult-use cannabis businesses, saying it plans to
issue the first licenses Sept. 8; license types include cultivation, manufacturing,
retail and testing. Marijuana Business Daily projects the market will reach annual
sales of $275 million-$325 million by 2024.
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September 2020 | mjbizdaily.com 31

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MJBizMag September 2020

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