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New cannabis licenses secured by Springfield businesses

Among the 177 issued conditional adult-use cannabis dispensing licenses announced recently by Gov. JB Pritzker were three Springfield-based operations looking to open their doors in the coming months.

Herban Quality Control, Dealership LLC, and Bolden Investments III LLC now have 180 days to find a physical storefront before being issued a full license which permits the sale of cannabis to Illinoisans age 21 and older.

Earlier story:Chicago businessmen awarded cannabis license for future Springfield dispensary

Now the Illinois Department of Financial and Professional Regulation only has eight remaining conditional licenses to grant. A total of 185 licenses were allowed after a Cook County judge lifted a legal stay in May.

With these businesses all qualifying as social equity applicants, meaning the owners have lived five of the last 10 years in a disproportionately impacted area or that they or a loved one have been arrested on possession charges, Pritzker said last week these licenses address years of injustice before legalization.

“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,” he said.

July saw Illinois set a record in marijuana sales so far in 2022, according to a report released from the Illinois Department of Financial and Professional Regulation. Sales totals surpassed $135.6 million last month, bringing the total sold throughout the state to more than $885 million.

At this rate, Illinois will exceed the $1.37 billion in 2021 cannabis sales by November.

Contact Patrick Keck: 312-549-9340, [email protected], twitter.com/@pkeckreporter

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