Earlier last week, regulators in the state of Illinois released a report highlighting a lack of diversity among business owners in its recreational cannabis market. The report, the 2022 Annual Cannabis Report, also outlined a plan that would rectify this issue in the coming fiscal year, as the adult-use industry in the state is set to expand with 190 new social-equity businesses launching. The report also discussed the next steps for cannabis business licensing, noting that regulators would help level the playing field.
The state’s Department of Financial and Professional Regulations stressed that Illinois had faced criticism from advocates over the…
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