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Chicago & Midwest  + Illinois  + Retail  | 

Illinois Issues First Round of Cannabis Shop Licenses

The State of Illinois on Friday awarded 149 of the 185 cannabis dispensary licenses selected in three lotteries last summer. Businesses awarded the conditional licenses, predominantly in the Chicago metro area, will have 180 days to select a storefront and obtain final approval from the state.  

The conditional licenses are the first to be issued since Illinois legalized cannabis for adult use in 2019. Of the businesses selected through the lottery, 41% are majority Black-owned, 7% are majority White-owned, and 4% are majority Latino-owned, while 38% of awardees did not disclose their race. 

“Illinois is leading the way in addressing the War on Drugs as no state has before, and dispensary ownership that reflects our state’s diversity is a product of that commitment,” said Gov. JB Pritzker. To date, Illinois has made and executed the greatest commitment of adult use cannabis tax revenue to community reinvestment, Pritzker’s office said.

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Gov. Pritzker's Office

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Policy/Gov't