Illinois to offer 55 more cannabis dispensary licenses

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SPRINGFIELD — The Illinois Department of Financial and Professional Regulation (IDFPR) has announced it will begin accepting applications for 55 additional conditional cannabis dispensary licenses on Monday, Jan. 30, 2023.

This follows the release of 192 conditional dispensary licenses earlier this year, all to social equity applicants.

Applications for the licenses must be submitted online through the IDFPR website. 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.

"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. J.B. Pritzker.

Applicants must register as a business and provide basic information such as the name of their organization, a 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.

While the rules for the lottery process provide flexibility on timing, IDFPR anticipates accepting applications for two weeks, through Tuesday, Feb. 14, 2023. IDFPR will then publish a list of lottery participants by Tuesday, Feb. 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.

Each applicant drawn for an…

Region: Metro East,City: Alton,News

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December 23, 2022 at 08:52PM

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