Minority Entrepreneurs Apply For State Weed-Selling Licenses

Nancy Harty
January 02, 2020 - 6:11 pm
Minority Entrepreneurs Pot Licenses

WBBM Newsradio/Nancy Harty

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CHICAGO (WBBM NEWSRADIO) -- Hundreds of people submitted applications Thursday for licenses to sell recreational pot. 

It was the last day to apply with the Illinois Department of Financial and Professional Regulation for the latest round of recreational dispensary licenses.

Many of those handing in packets at the Thompson Center were wearing T-shirts that said Color in Cannabis.

They're members of the Majority Minority Group, made up of African-American and Latino men and women hoping to get one of 75 licenses.

Kareem Kenyatta helped 36 applicants put together their documents -- hundreds of pages of forms that include security plans and income-tax returns. 

He says bringing people who have been disproportionately affected by the war on drugs into the industry as owners and investors is a step in the right direction to achieving social equity that is a backbone of Illinois' cannabis law.

The state plans to award 75 additional dispensary licenses in May.

They will join the 46 dispensaries already licensed to sell in Illinois.

Applications for craft growing, transporting and infusing cannabis will be accepted starting Monday.