The Illinois Department of Financial and Professional Regulation (IDFPR) has provided a “flexible” timeline, as well as other supplemental information, for the next round of cannabis dispensary licenses in Illinois. Applications for the lottery will be accepted starting at the end of January.
IDFPR will begin accepting applications for 55 additional conditional cannabis dispensary licenses on Monday, January 30, 2023. The 55 licenses will be distributed across the 17 Bureau of Labor Statistics (BLS) Regions. All applications will be submitted online through the Department’s website.
While the rules for the lottery process do provide flexibility on timing, IDFPR currently anticipates accepting applications for two weeks, through Tuesday, February 14, 2023. IDFPR will then publish a list of lottery participants by Tuesday, February 21, 2023. After a period for applicants to contest the list of lottery participants, IDFPR may publish an updated list based on any necessary corrections and contestations. As soon as possible after the final participant list is published, IDFPR will conduct a lottery with the Illinois Lottery and publish the certified results after the lottery has concluded.
Those interested in applying should review the rules, a mock application, a proposed timeline, and other relevant documents available now on the Department’s Adult Use Cannabis program webpage. This follows the release of 192 conditional dispensary licenses earlier this year, all to social equity applicants.
Applicants must register as a business and provide certain basic information, such as the name of their organization, list of principal officers, contact information, and a $250 fee. During the license lottery process, principal officers cannot be included on more than one lottery entry and applicants cannot have more than one lottery entry across all 17 regions.
Each applicant drawn for an opportunity for a conditional license will have 45 calendar days to prove certain social equity eligibility criteria, including proving it is 51% or more owned or controlled by one or more individuals who each meet the combination of a certain set of criteria. That criteria may be found here, along with a helpful guide of acceptable documents.
IDFPR will have 60 calendar days after the lottery to ensure the 55 applicants selected in the lottery meet the criteria detailed above. Applicants selected in the lottery will be provided an opportunity to provide supplemental information to satisfy these criteria. If an applicant selected in the lottery does not provide the supplemental information, the conditional license will be offered to the next applicant drawn in that BLS Region. The applicant must then meet the social equity eligibility criteria.
Here is what politicians involved with the process said:
“Illinois is committed to having the most accessible and equitable cannabis industry in the nation, and we look forward to issuing additional social equity licenses and cementing our status as a national leader,” said Gov. JB Pritzker. “My administration will continue working to ensure the industry reflects the diversity of our great state, and I wish to thank all stakeholders for their hard work on this process to ensure that happens.”
“This improved process provides increased accessibility and opportunity to individuals who, either directly or in the communities they call home, were harmed by the failed war on drugs,” said Mario Treto, Jr., Secretary of the Illinois Department of Financial and Professional Regulation. “We look forward to applying the lessons learned from our first round of conditional dispensary licenses to better the means of welcoming more entrepreneurs to the most equitable cannabis program in the country.”
To learn about cannabis-friendly events in Illinois, visit here.
For Illinois News Joint reviews, visit here.
To qualify and receive a medical patient card at a discounted rate, visit here.