Illinois Cannabis Earn-Out Litigation: How to Win the Approvals, Accounting, and Control Fights
When a price functions like an earn‑out, approvals and accounting drive the outcome.Illinois cannabis earn-out litigation arises because earn-outs are supposed to bridge valuation gaps. In Illinois cannabis, they can also become the most expensive line item in litigation. Whether your deal was an equity sale, asset purchase, royalty, or management services structure, the pattern […]
Illinois Dispensary Rules: Key Updates for 2024
As the Illinois cannabis market continues to evolve, so too does the regulatory landscape. In August 2024, the Illinois Dispensary Rules changed when the Department of Financial and Professional Regulation (IDFPR) implemented significant updates to the cannabis dispensary regulations. This is a major update to Illinois laws regarding cannabis purchase and possession in Illinois beyond […]
How to Open a Dispensary in Illinois in 2025: Best Guide Online
Understanding How to open a dispensary in Illinois is a rewarding yet complex venture, requiring careful planning and strict compliance with state regulations. Illinois’ cannabis market is tightly regulated under the Cannabis Regulation and Tax Act (410 ILCS 705), which lays out the legal framework and licensing requirements for dispensaries. Here’s a step-by-step guide to […]
15-36 License Application: A Step-by-Step Guide
15-36 License Application: A Step-by-Step Guide Navigating the 15-36 license application process is difficult for the winning social equity conditional dispensing organization in Illinois. The lottery process only had you prove social equity status, but the 15-36 License Application requires a textbook length of materials so that you can become operational and sell cannabis legally […]
How to Buy a Cannabis License in Illinois: Step-by-Step
The cannabis licensing process in Illinois can seem overwhelming, with tons of specific rules and legal requirements that a social equity adult-use dispensary license faces in becoming operational after their dispensary completes its inspection for security and other compliance issues and becomes operational. That change from a conditional license to an operational license is the […]
Illinois Cannabis Dispensary Lottery 2023 | Social Equity License
Illinois Cannabis Dispensary License Application 2023 In order to get a dispensary in Illinois in 2023, you will need to apply on time and meet a few qualifications and win the Illinois Cannabis Dispensary Lottery. You must be social equity as defined under new regulations. If you cannot meet the requirements of social equity you […]