The DEA said it is “most interested” in U.S. residents who invest in Canadian medical marijuana, Reuters asked about the DEA’s position on these types of investments: “With marijuana still illegal on a federal level in the United States, American investors in Canadian medical marijuana can be seen as violating the Controlled Substances Act, according […]
Three Chicago entrepreneurs announced the creation of the Prairie Wellness Fund, Ltd., a private debt fund that will provide financing and liquidity to applicants for the newly created medical marijuana licenses that were established by Illinois law last year. The state plans to license 21 cultivation centers and each will have to put up a […]
Investors around Illinois are jockeying for positions in the marijuana business as they wait for the state’s new medical marijuana law to kick in. And some of them are politically connected. According to the Springfield bureau of Lee Enterprises, Sam Borek, the college roommate of the legislator who sponsored the law (Democratic state Rep. Lou Lang […]