![]() “I am skeptical that we’ll see a truly plant-touching company listed on one of the exchanges this year. “I think that we have a good chance of getting some cannabis reform passed through Congress in the next two years,” Berlin said. exchanges unwilling to list companies that sell a federally controlled substance. Grossman said the promise of a more favorable federal regulatory environment under the Biden administration, from less restrictive banking laws to full legalization, may be emboldening investors and unleashing pent-up demand.īut Eric Berlin, an attorney with the Chicago-based cannabis legal team at the law firm Dentons, said trading may still be exiled to Canada for a few more years, with the U.S. “The capital forming around the business is important, because it tells you that people see the upside, and they see the potential going forward,” said Andy Grossman, head of capital markets for Green Thumb, which has a market capitalization of about $8 billion. As a premier licensed cannabis dispensary, we are proud to serve. The first Zen Leaf dispensary opened its doors to the city of Las Vegas back in 2016. Green Thumb, which began trading in Canada in 2018, broke new ground with an initial public offering last week registered with the Securities and Exchange Commission, with an undisclosed institutional investor buying $100 million worth of the subordinate voting shares. Illinois is home to many things: Abraham Lincoln, amazing deep-dish pizza, and Zen Leaf. The regulatory climate may be changing, however. Zen Leaf is an adult recreational cannabis dispensary located in Prospect Heights, IL. The appetite for investing in the cannabis industry is growing, but has been limited because the substance remains illegal under federal law, which has discouraged some banks from lending money and forced public companies to trade in Canada. Research firm Euromonitor projects legal cannabis sales will more than triple to $98 billion globally by 2025. IL MD NV MI NJ MA AR AZ PA WV CT findyourzen 21+ Communitys profile picture. So I think that you have seen some of the strongest multistate operators come out of Chicago.” Premium cannabis dispensaries promoting health & wellness. Zen Leaf - Prospect Heights 8 Cannabis Clinics Cannabis Dispensaries Because of my good experiences at Zen leaf locations, this is a dispensary group I often recommend. “And for the first time you had some real entrepreneurs that were business-oriented that entered the cannabis industry. IL Zen Leaf Lombard IL Zen Leaf Naperville IL Zen Leaf Prospect Heights IL Zen. “Illinois started its program as one of the most heavily regulated the industry,” Archos said. Discounts & Deals, Menu, Locations- Zen Leafs quality cannabis. The company, led by Joe Caltabiano, co-founder and former president of Cresco, plans to use the proceeds to buy existing cannabis businesses across the U.S.Īrchos said stricter Illinois regulations weeded out less business-savvy operators and helped Illinois companies succeed in other states as well. A fourth Chicago-based company, Choice Consolidation, filed an updated prospectus last week looking to raise $150 million through an initial public offering, also on the Canadian exchange.
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