Study: Illinois’ cannabis program has not opened up new opportunities – Center Square

The Reason Foundation report said despite Illinois’ efforts to become a model for the nation of cannabis social equity initiatives, the market has been dominated by a handful of large companies, many of which are publicly traded. “Some licenses cost up to $850,000, and then of course you have all your regular capital expenses, so we recommend drastically reducing the license costs and capital requirements,” Managing Director Geoffrey Lawrence.