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The Cannabis Countdown in Illinois

Today is New Year’s Eve, and many Illinois residents have a big reason to celebrate in 2020.

In less than 24 hours, marijuana will be legal to purchase for recreational use. Residents and businesses are gearing up for the historic occasion.

 

Some Illinois dispensaries are planning to open as early as 6am; others have rented out coffee shops to keep customers warm and happy, and one store will be using a paging system to notify customers when to return to make purchases.

 

Chicago Sun Times Interactive Map on where to buy weed in Illinois:

https://chicago.suntimes.com/cannabis/2019/12/27/21030851/recreational-marijuana-cannabis-legal-weed-jan-1-illinois-brighton-park

 

There is, however, one lingering concern in the back of everyone’s mind: will the supply be able to satiate demand? Politicians and experts actually agree that the answer is a resounding, “NO”.  Medical marijuana patients have inventory concerns, but priority has been given to patients over recreational customers. Stores must maintain a certain amount of product exclusively for medical patients.

 

The efficiency (or lack thereof) of this roll out could affect how and when marijuana is legalized in the surrounding areas. Kentucky is discussing medical marijuana next year, and Indiana has already begun decriminalization efforts to combat the flow of product in from Illinois & Michigan. Tomorrow is a historic day for the Midwest, and neighbors to Illinois will be watching carefully.

 

Leaders in the Illinois cannabis market depend on a holistic security plan that is designed to maintain compliance, meet regulatory standards, and optimize business operations. How are you handling Exhibit H & Exhibit J of your license application?

 

Information has been gathered from sources deemed reliable but not guaranteed and is subject to change without notice.

 

Schuba, Tom. 2019, December 16. Pro-pot lawmakers warn of supply shortage, vow to prioritize weed sales to medical patients. Chicago Sun-Times. Retrieved from: https://chicago.suntimes.com/cannabis/2019/12/16/21024768/pot-illinois-supply-shortage-legal-weed-sales-medical-marijuana

 

 

Schuba, Tom. 2019, December 27. Long lines, limited supply and only 9 places to shop: Here’s what to expect in Chicago when weed becomes legal Jan. 1. Chicago Sun-Times. Retrieved from: https://chicago.suntimes.com/cannabis/2019/12/27/21030851/recreational-marijuana-cannabis-legal-weed-jan-1-illinois-brighton-park