InvestorsHub Logo
Followers 20
Posts 2079
Boards Moderated 0
Alias Born 11/14/2012

Re: None

Friday, 10/24/2014 6:46:52 PM

Friday, October 24, 2014 6:46:52 PM

Post# of 341699
369 FILINGS MADE FOR MARIJUANA BUSINESSES
by Ellen Jean Hirst, (Source:Chicago Tribune) 25 Sep 2014

Illinois
-------
1 in 5 Applications for Grow Houses, Retail Centers to Get Approval

Illinois received 369 applications for medical marijuana business licenses, which means about 1 in 5 applications will win approval to open grow houses and retail centers in the state.

The state received 211 applications for dispensaries - retail shops for medical marijuana - and 158 applications for grow centers. Illinois will allow 60 dispensaries statewide and 21 grow centers.

Bob Morgan, statewide project coordinator for the Illinois Medical Cannabis Pilot Program, said the number of applications, which were due Monday, was higher than anticipated.

"We were pleased to see that our expectation of a competitive process played out so well," Morgan said, "so we can choose the best applicants."

The next step will be to go through thousands of pages of documents, Morgan said, identifying any missing information and informing applicants, who will have seven days from notification to update applications. Teams of reviewers will look at the applications blind - - applicants submitted redacted and unredacted versions - to award points.

Morgan said the state aims to have licenses awarded by the end of the year. Illinois' medical marijuana law was signed in July.