Governor JB Pritzker and the Illinois Department of Financial and Professional Regulation (IDFPR) today issued five additional Conditional Adult Use Dispensing Organization Licenses to applicants selected in lotteries held in the summer of 2021. These awardees join the 177 conditional licenses issued by the Pritzker administration in the last two months. The total number of issued licenses is now 182 (of 185 available licenses).
According to the IDFPR, all businesses qualify as Social Equity Applicants under the Cannabis Regulation and Tax Act. The list of today’s awardees and the next steps for the conditional license period are available on the IDFPR’s Adult Use Cannabis webpage.
Of the businesses selected through the lottery, 41% are majority Black-owned, 7% are majority White-owned, and 4% are majority Latino-owned, while 38% of awardees did not disclose the race of their owners. The full list of licensees is available on the Department’s website here.
At this time, only three of the 185 conditional adult use dispensary licenses remain to be issued by IDFPR. The Department is waiting for additional or updated documents from entities that did not receive conditional licenses today. IDFPR anticipates processing the remaining conditional licenses as quickly as possible over the coming weeks once those documents are received and approved. The next steps for Conditional Adult Use Dispensing Organization License Holders can be found here.
All businesses awarded Conditional Licenses will have 180 days to select a physical storefront location and obtain the full Adult Use Dispensing Organization License (the full list of criteria to be met may be found here). If a Conditional Licensee is unable to find a suitable physical location within the 180-day period, they may request an extension of 180 days. Once issued an Adult Use Dispensing Organization License, a business may begin purchasing and dispensing adult use cannabis.
“Illinois was the first state to include strong equity provisions in our legalizing statute, and the diversity of our new dispensary owners is further proof that prioritizing equity is not only possible, but makes our industry and our communities stronger,” Pritzker said. “Each new conditional license represents an opportunity not only for economic growth in Illinois, but to better the lives of countless individuals and communities harmed by the war on drugs.”
“With more than 98% of conditional licenses issued, Illinois is well on track to more than double the number adult use cannabis dispensaries in Illinois and create countless new opportunities for people across the state,” said Mario Treto, Jr., Secretary of the Illinois Department of Financial and Professional Regulation. “These new licenses will help ensure Illinois continues to set the stage as the most robust and diverse cannabis industry of any state in the country.”
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