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Chicago Sun-Times

National

Andy Grimm

Would-be minority pot entrepreneurs say state rules are scaring off investors

City Club Illinois

Business owners who received cannabis licenses under the state’s social equity application process say they face hurdles that will prevent them from ever opening up. (Getty)

The small, minority-owned businesses that received “social equity” licenses to sell and grow cannabis in Illinois are likely to fail before they ever open their doors without changes to regulation, a panel of would-be pot entrepreneurs said Thursday at a City Club luncheon.

After years of delays related to litigation over the lottery for minority business owners, the state this summer nearly doubled the number of licensed cannabis businesses in Illinois when a stay preventing the licenses from being awarded was lifted.

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