Illinois just became the latest state to legalize the sale of marijuana. “Everywhere east of the Mississippi is a massive opportunity as the world wakes up to cannabis,” Green Thumb Industries CEO Ben Kovler says about growth in the industry.
, a Chicago-based cannabis company, says it has spent weeks training its roughly 530 employees in Illinois on educating new marijuana users in anticipation of a swell of curious shoppers on Wednesday.
For the big day, Cresco Labs rented out a coffee shop near its dispensary in Lakeview, Erkes said, where the company is expecting the highest traffic. Some of the staff will be there Wednesday to take preorders as well as educate interested customers on products and how to consume the drug, he said. Freedman and Koski, a Colorado consulting firm, expects the marijuana industry could bring in $440 million to $676 million in tax revenue to the state each year. In Chicago alone, tax revenues from recreational marijuana are expected by city representatives to reach $3.5 million in 2020.The law will also allow for people with low-level marijuana convictions to have their records scrapped, an increasingly common provision in marijuana bills aimed at helping those hit hardest by the war on drugs.
He also argued that the law won't benefit poor people or small business owners, but mostly "corporations who want to make money."
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