The Illinois Marijuana Industry Was Supposed to Bring Equity. Advocates Say Those Promises Are Falling Short – WTTW (Chicago)

Former state senator Rickey Hendon didn’t get into the cannabis business only to sell out, but banks offering loans at 18% or 19% is too high. “It’s wrong for anybody – in rulemaking, or in the governor’s people’s interpretation of the law, to say we can’t do business with White folk. I like White people. Why can’t I do business with a white person who wants to come into my business and give me a fair deal? What’s wrong with that? It’s the American way,” Hendon said.
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Pensions Paid First
1 year ago

So the state offered a front of the line pass to people with the right skin shading but the banks that loan the money look at actual ability to repay loans and charge interest accordingly. Now the license lottery winner doesn’t have the funds nor expertise so they eventually sell their business to a white devil. The license winner sells out at a great profit for doing nothing and white people continue to get the blame for the inequities that still exists. Sounds like the perfect plan. Tell the voters that you are woke while not losing out on your… Read more »

Old Joe
1 year ago

Spot on and I need a blunt to wrap my head around this story…..

debtsor
1 year ago

What a complete mess.

GM
1 year ago
Reply to  debtsor

Lol… indeed! This is giving me a much – needed late afternoon laff…

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