Pritzker Administration Issues Third Wave of Conditional Adult Use Cannabis Dispensary Licenses – myradiolink.com

For Immediate Release – August 12, 2022

Pritzker Administration Issues Third Wave of Conditional Adult Use Cannabis Dispensary Licenses

CHICAGO — 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 Administration in July, bringing the total number of issued licenses to 182 (of 185 available licenses).

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. To date, Illinois has made and executed the greatest commitment of adult use cannabis tax revenue to community reinvestment, expunged the most criminal history records involving cannabis, and has the highest rate of minority ownership of any state reporting/collecting ownership demographic data in the country.

“Illinois was the first

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