82 cannabis stores opened in Illinois, but social equity owners remain on the margins

Eighty-two new cannabis stores opened in Illinois in the past fiscal year, marking “explosive growth” in sales outlets for an industry that surpassed $2 billion in sales, the state reported. State regulators boasted in the 2024 annual report that “social equity” marijuana business owners, those who come from poor areas or who were most impacted by the war on drugs, now own nearly half of the 220 dispensaries statewide. But social equity owners say they remain largely on the fringe of the industry, because the state favors previously existing big businesses. A state disparity report showed social equity businesses collected only 12% […]

Skokie OKs two restaurants, bank after developer nixes 494-unit apartment complex

A longtime business executive and Republican fundraiser and his son had their plans for a 494-unit apartment complex across from Skokie Village Crossing on Touhy Avenue approved by the Skokie Village Board two years ago. The son, Scott Gidwitz, is now moving forward with a smaller venture in its stead, citing rising interest rates, which killed the original development. Gidwitz presented his plan for a smaller development, which includes proposals for a Chase bank, Mediterranean restaurant Cava, and breakfast/lunch restaurant First Watch, to the Skokie Plan Commission on September 19. The Plan Commission approved the plans unanimously. “In 2022, it […]