Illinois has taken another step in its effort to promote fairness in the legal cannabis market, issuing $31.8 million in loans to businesses identified under its social equity program. State officials confirmed that 95 companies received funding in this latest round, with individual loan amounts between $50,000 and $750,000.
The efforts being directed by Illinois to support social equity programs in the cannabis industry are likely to draw the applause of the wider marijuana industry, including firms like Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) operating within Illinois and other…
About CNW420
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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.
To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.CannabisNewsWire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer
CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]
CannabisNewsWire is powered by IBN