The first five recreational cannabis dispensary licenses have been announced in Illinois. The same publicly-traded corporation snapped them all up: Green Thumb Industries, which has licenses to sell adult-use marijuana at five of its seven locations that are currently focused on selling medical cannabis in Mundelein, Joliet, Naperville, Canton, and Effingham.
Green Thumb Industries is headquartered in Chicago and operates 95 retail locations and 13 manufacturing industries across Illinois. Earlier this week it reported that its revenue during the last business quarter was up 228 percent from the same time period last year.
“GTI is thrilled that our five stores received the state of Illinois’ first approvals for ‘same-site’ adult use cannabis licenses,” Linda Marsicano, spokesperson for the company, told a local news site. “We look forward to continuing the excellent partnerships we have in the communities we serve across the state.”
Illinois’ first recreational licensing announcement sets an early tone for an industry that is largely centered on larger corporations, though that might be disproved depending on the next businesses to which the state grants licenses to sell cannabis.
Perhaps to counteract this impression, Green Thumb has announced plans to form what it calls the Illinois Social Equity License