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ESG Risks For Cannabis Companies Will Impact Directors And Officers - Corporate/Commercial Law

Corporations are increasingly responding to environmental, social and corporate governance (ESG) concerns, driven by evolving public sentiment and investor demands. ....

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Recreational cannabis store licenses remain in limbo while court fights continue.

Recreational cannabis store licenses remain in limbo while court fights continue.
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.

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Lawsuit that challenged marijuana licensing process in Illinois is dropped

Lawsuit that challenged marijuana licensing process in Illinois is dropped
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.

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Cannabis Co. Drops Bid To Block Revised Ill. Licensing Plan

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Cannabis Co. Drops Bid To Block Revised Ill. Licensing Plan
Law360 (July 27, 2021, 10:49 PM EDT) An adult-use cannabis dispensary license applicant dropped its federal court challenge to Illinois revised licensing scheme Tuesday, the same day the company and the state were set to go head-to-head over whether to halt the impending license lottery.
Sozo Illinois Inc. voluntarily dismissed its lawsuit against Illinois Gov. J.B. Pritzker and the state Department of Financial and Professional Regulation as the parties were set to appear for a hearing on Sozo s request that a judge temporarily restrain the state from carrying out its licensing scheme as revised. ....

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Illinois marijuana licensing on track after lawsuit dropped

Illinois marijuana licensing on track after lawsuit dropped
July 28, 2021 GMT
CHICAGO (AP) A Michigan-based cannabis company on Tuesday ended its challenge of Illinois’ plan to authorize new marijuana business.
Sozo Illinois Inc.’s decision to drop its lawsuit will allow Illinois to proceed with awarding licenses to operate marijuana dispensiaries. The state on Thursday is to hold the first of three lotteries to award 55 licenses to applicants that scored 85% or better on their applications for recreational cannabis stores.
The licenses have been delayed for more than a year, initially because of COVID-19-related issues. Problems with scoring the applications added to the delay. ....

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