Illinois Awards 48 Craft Grow Licenses
Of the newly issued craft grow licenses, 42% (20) are majority Black-owned, 36% (17) are majority White-owned, 8% (4) are majority Hispanic-Owned, and 8% are owned by a partnership group. Six percent of awardees did not provide that information. One hundred percent of new licenses were issued to Social Equity Applicants.
“Illinois’ cannabis industry started out with businesses with owners who all looked the same, but with each new set of licenses, we come closer and closer to realizing our vision for a truly diverse industry,” said Governor JB Pritzker. “I’m especially pleased that 100 percent of these craft grow licensees come from a social equity background, and I look forward to many more businesses opening their doors and creating even more good jobs.”
Since 2021, the department has issued 88 craft grow licenses, 54 infuser licenses, 189 transporter licenses and approved 10 community colleges to participate in Community College Cannabis Vocational Training Pilot Program. These are in addition to the 21 existing Early Approval Adult Use Cultivation Centers, previously approved under the Compassionate Use of Medical Cannabis Program.
Through a separate program administered by the Illinois Department of Commerce and Economic Opportunity (DCEO), the State of Illinois offers low-interest loans to qualified licensed companies through its Social Equity Cannabis Loan Program. The first round of social equity license applicants are expected to finalize loan agreements directly with DCEO’s partner lending institutions in the coming weeks. The next phase of the loan program will be launched in the near future.
DCEO also funds free licensing and post-licensing technical assistance through their partners at Oakton Community College, The Trep School, the Women’s Business Development Center, and the University of Illinois Chicago Law School.