420 with CNW — Illinois Cannabis Regulators Decry Lack of Diversity, Plan Next Moves

October 5, 2022 15:25:00

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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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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