The indictment accused Anthony Marsico of using confidential information to make an illegal profit of about $607,000 by buying stock in another marijuana company that Verano planned to acquire.
Category: Marijuana
Hemp advocates gave campaign donations to lawmakers in fight over regulations
Hemp business owners recently gave more than $30,000 to oppose a bill they said would have shut them down.
Illinois approves 4 new conditions for women for medical marijuana
Endometriosis, ovarian cysts, uterine fibroids and female orgasmic disorder were approved conditions to qualify for medical cannabis.
Hemp THC products to be sold at Salt Shed, as cannabis companies enter the hemp market
One of the largest cannabis companies in the country, Green Thumb Industries, announced Friday that it will open a hemp products store selling edibles and margaritas at the concert hall.
Gov. Pritzker calls on lawmakers to crack down on hemp products
The governor came out in support of legislation that would set a minimum age of 21 to buy hemp products.
4Front Ventures opens Illinois’ largest cannabis cultivation facility in Matteson, kicking off major expansion
4Front Ventures opens its cannabis cultivation facility in Matteson, supporting the production of more than 10 in-house brands.
Read the ruling: Illinois Supreme Court rules smell of marijuana no longer enough for police to search vehicle
The Illinois Supreme Court ruled 6-0 that without other suspicious circumstances, such as a driver failing to stop for some time, or a bud in plain view, the search was unjustified.
Smell of burnt cannabis alone no longer justifies a police search of a vehicle, Illinois Supreme Court rules
“The laws on cannabis have changed in such a drastic way as to render the smell of burnt cannabis, standing alone, insufficient to provide probable cause for a police officer to search a vehicle without a warrant,” Justice Scott Neville, Jr., wrote.
Democratic gubernatorial candidate McCormick releases plan to legalize cannabis
Democratic candidate for governor Jennifer McCormick released a cannabis legalization plan on Thursday, which area legislators who have championed the issue praised. The plan aims to legalize adult use of cannabis in Indiana “in a responsible and well regulated industry,” by first creating a medical marijuana industry with a transition into full adult-use cannabis, according to a new release.
Cannabis Research Institute opens in Chicago, looking to dig deep into marijuana
The institute, now in the Illinois Medical Center, is planned to eventually be a part of South Loop’s Discovery Partners Institute.