Governor JB Pritzker and the Illinois Department of Financial and Professional Regulation (IDFPR) today issued 28 additional Conditional Adult Use Dispensing Organization Licenses to applicants selected in three lotteries for 185 licenses. These awardees join the 149 conditional licenses issued by the Department on July 22, bringing the total number of issued licenses to 177. The full list of licensees is available on IDFPR’s website here.
At this time, eight 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.
Of the businesses selected for licenses, 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. All businesses qualify as Social Equity Applicants under the Cannabis Regulation and Tax Act.
All businesses awarded Conditional Licenses will have 180 days to select a physical storefront location and obtain the full Adult Use Dispensing Organization License. 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.
“These 177 licenses represent 177 individual but powerful steps toward addressing the decades of injustice preceding cannabis legalization, and I’m proud to help foster an industry that looks much more like the state it serves than its counterparts across the nation,” said Governor JB Pritzker. “We can’t turn back time, but we can act with an intentional eye for accountability and diversity, and that’s exactly how we in Illinois will continue to move forward.”
“Every license released is another opportunity to create jobs and build wealth in the communities most harmed by the war on drugs, and we are excited for these next steps to accomplish that,” said Mario Treto, Jr., Secretary of the Illinois Department of Financial and Professional Regulation. “Our team recognizes the opportunity implicit in each license, and I’m very proud of their commitment to working with awardees to issue licenses as swiftly as possible.”
For more Illinois cannabis industry news, click here.
To learn about cannabis-friendly events in Illinois, click here.
For Illinois News Joint reviews, click here.
To qualify and receive a medical patient card at a discounted rate, click here.