Illinois

Illinois Applications Bring In More Than $5 Million From Potential MMJ Business Owners

By October 1, 2014August 4th, 2020One Comment

Illinois Applications

The Illinois application period for potential medical marijuana business owners has closed, and with more than 350 applications submitted, the state brought in more than $5 million in non-refundable application fees.

A total of 369 applications were filed, 211 for dispensaries and 158 for cultivation centers. There is about a 1 in 3 chance of receiving a license for the 60 dispensaries. Your chances are a 1 in 7 chance for the 21 cultivation centers.

Of course, the odds will vary throughout the state. More densely populated areas are likely to have more competition than rural areas. But competition has been fierce throughout the state in the months leading up to the application window. Municipalities have increasingly seen medical marijuana facility proposals on their agendas as business owners sought recommendations from the cities, towns and counties.

Representatives of the pilot program are happy that they received a large number of Illinois applications. This will help them select the best candidates for licenses. The state hopes to award licenses by the end of the year.

 

Quantum9

About Quantum9

Quantum 9, Inc. is a Chicago, IL-based cannabis consulting firm. We specialize in getting high net worth individuals and private equity cannabis business licenses to cultivate, manufacture and dispense marijuana. We have over 50 marijuana consultants that work for the company, and we have practiced in 12 countries. Our areas of expertise include permit acquisition, team building, employee training planning, and process planning. We help clients fully maximize the potential of any cannabis cultivation, processing, and dispensary business.

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