* When Gov. Pat Quinn punted the medical marijuana licensing issue to his successor, he not only created a longer wait for patients, he also put in jeopardy some pretty well-paying jobs…
A medical marijuana dispensary proposed on Ottawa’s North Side was ranked most likely to receive a license in La Salle, Bureau and Putnam counties prior to the end of Gov. Pat Quinn’s term, according to documents obtained by the Associated Press. […]
Scott said the operation would generate 25 to 30 jobs with pay ranging from $30,000 to $100,000.
Try finding a job in Ottawa that pays $100K a year. Not easy. Heck, try finding one at $30K.
* The AP has some new info on the licensing procedure…
When Quinn left office, his administration publicly said the agencies in charge of evaluating applications still had more work to do. But the emails and other documents show the agencies were ready to award many of the licenses, having evaluated and identified as top scorers 18 businesses to grow medical marijuana and
The new information could trigger lawsuits, said patient advocates and the lawmaker who sponsored the legislation that created Illinois’ medical marijuana pilot program.
“The scoring system should have played out and those with the highest number of points in each area should have won,” said Rep. Lou Lang, a Skokie Democrat, questioning why the Rauner administration released the documents before granting the business licenses. “This creates fodder for litigation. And there will be litigation.”
Not to mention that the names of those license-holders aren’t supposed to be made public under state law until after the procedure was complete.
* Illinois Review…
ArcView Market Research released the executive summary to the 3rd edition of the State of Legal Marijuana Markets. The report finds that the U.S. market for legal cannabis grew 74% in 2014 to $2.7 billion, up from $1.5 billion in 2013 making it the fastest growing industry in the U.S.
The report also shows that if trends continues and all states legalized marijuana the total market size would top $36.8 billion, making it larger than the organic food industry which is $33.1 billion according to Nutrition Business Journal.
It also concludes that pot businesses in states with restrictive patient access and regulatory systems like Illinois, New Jersey, and Delaware are not likely to be particularly profitable as long as the market constraints remain.
The executive summary is here.
* In other news, Colorado Gov. John Hickenlooper appears to have been quoted out of context in some outlets. Many folks saw his recent statement about voter approval of recreational weed…
“If I had a magic wand that I could have waved and reversed the decision of the voters … the day after the election, I would have waved my wand,” he said in a recent interview.
But here’s the rest of his quote…
“Now, I’m not so sure,” he said crediting his team with a smooth implementation. “It’s not impossible to see that we could create a regulatory framework that works.”
Hickenlooper pointed to reports from the left-leaning Brookings Institution that called the rollout “largely successful” and the right-leaning Cato Institute that found the law “had minimal impact on marijuana use and the outcomes sometimes associated with use.”