The Key to Doing Business in Any Newly Legalized State: Listen and Learn

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North Aurora, Deerfield, Bannockburn, and Mokena plan to vote on whether to ban cannabis in the coming months. However, working jointly, you can provide local residents access to safe, regulated cannabis that meets standards approved by the state. Local governments can ban the regulated market, but they can’t realistically ban cannabis. Naperville, Libertyville, and Bloomingdale moved to block cannabis businesses even if marijuana is legal in the state. In so doing, he gave final approval to a new opportunity for businesses to grow a potential $2 billion market.

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In June, Illinois Governor J.B. Pritzker signed legislation allowing recreational marijuana possession and sales starting January 1, 2020. In so doing, he gave final approval to a new opportunity for businesses to grow a potential $2 billion market. Residents of Illinois will be able to purchase about an ounce of cannabis flower, and there will be limits on cannabis-infused products such as edibles or tinctures. Out-of-state visitors will be allowed to possess half the amount residents may obtain.

In a tweet, Pritzker stated, “We’re also creating a $30-million, low-interest loan program to create the opportunity for entrepreneurs in the communities...

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