Belly-up weed company puts 3 Chicago-area shops, massive grow facility up for sale

MissionThe village of Matteson gave 4Front more than $100 million in tax breaks to build a grow facility there in 2021. The company said its main problem was getting electricity for the facility.
12 Comments
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Fed Up Taxpayer
1 year ago

Good. Maybe IL could have asked taxpayers if they actually wanted pot to be legalized in the first place (like other states). 35% of the sales of cannabis were supposed to go to Illinois general fund. How can this state take in billions of dollars in sales and keep asking for more in taxes? What a scam.

PPF
1 year ago

“How can this state take in billions of dollars in sales and keep asking for more in taxes?”

Because they have more things they want to spend money on. Not that complicated.

Also, I don’t think there is a mechanism in Illinois for cannabis to be legalized through a public vote. If there was, home grow would have most likely been included. That would have cut into the states taxes so they said no.

Last edited 1 year ago by PPF
Old Joe
1 year ago

Gosh…..they’re aren’t enough dope fiends in Chicagoland!

Don Diego de la Vega
1 year ago

Another tax break scam to a most likely politically connected investor with no results other than tax money wasted. Par for the course with the democrats.

Tubal-Cain
1 year ago

Looks like results from affirmative action hires as in Zimbabwe and South Africa. Population votes as usual by skin color rather than ability. Lightfoot and followed by BJ. The voters do not even attend church and have no vision of what things should be. How many voters have read the book of Judges? I am glad that I left years ago!

PPF
1 year ago

Not getting power to grow facility for 2 years will definitely cause a grow facility to fail. I would imagine that as power prices increase so will cannabis. Might need to let them start growing it outdoors and save some money on electricity.

Your dime, your dance floor
1 year ago
Reply to  PPF

I think the black market will keep cannabis prices from rising as they don’t have the regulations and tax obligations that legal weed growers have.

daskoterzar
1 year ago

The state’s prices will likely continue to increase and black market suppliers will drive the balance of the stores bankrupt. Most people who routinely use Cannabis have another source and the black market price will remain stable. The entire idea of Government regulating cannabis is stupid, not only can the state not compete with the black market price, the state changes the laws to make it more difficult to determine what is and isn’t legal cannabis and whether the Police can even investigate it’s use or origin.

Last edited 1 year ago by daskoterzar
Hello, Indiana!
1 year ago

Bloodshed and turf wars aside, maybe the local dealer wasn’t that bad of a thing. At least they weren’t subsidized by the taxpayers.

Leaving Soon, just not soon enough
1 year ago

“HIGH” school pot dealers can make a profit, but a business in Illinois cannot.

Bill also
1 year ago
Reply to  Mark Glennon

Somebody won. I would bet the farm on it.

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Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

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