Illinois: Midwest Cannabusiness Symposium Scheduled For Aug. 24
By Steve Elliott
The National Cannabis Industry Association (NCIA), a trade association representing state-legal cannabis businesses, will host the Midwest CannaBusiness Symposium on August 24 in Chicago. The Symposium will bring cannabis business professionals from around the country to provide insight to Illinois’ prospective medical marijuana investors and entrepreneurs, setting the stage for a responsible, sustainable, and effective medical marijuana industry.
NCIA is celebrating Illinois' advancement in medical marijuana policy with the upcoming symposium, featuring bill sponsor Illinois Rep. Lou Lang, Harborside Health Center's Steve DeAngelo, and 15 leaders in marijuana business with decades of combined experience.
Governor Pat Quinn on Thursday signed Illinois House Bill 1, the Compassionate Use of Medical Cannabis Pilot Program Act, making Illinois the 20th state with a medical marijuana program and the 15th to allow regulated, state-legal medical marijuana providers.
The bill, sponsored by Representative Lou Lang (D – Skokie), creates a framework for the licensure of as many as 22 cultivation facilities and 60 dispensing organizations to provide medical marijuana to qualifying patients. Extensive security, license qualification, inventory, and auditing requirements will ensure that medical cannabis produced and sold within the regulated market will be closely controlled and the individuals responsible for it will be held to high standards.
The program is scheduled to expire January 1, 2018 unless it is renewed by Illinois Legislature, allowing the state a unique experimental opportunity to implement a responsible and sustainable medical cannabis market.
“Illinois joins 15 other states in not only allowing the choice of medical cannabis for those patients who need it, but also ensuring it is provided in the safest, most accountable manner possible: from licensed, taxed, and regulated businesses,” said Aaron Smith, executive director of the National Cannabis Industry Association.
“This program will allow patients to benefit from medical cannabis while also allowing every Illinoisan to benefit from the creation of perhaps thousands of living wage jobs, significant tax revenues, and the economic stimulus that comes along with a regulated medical marijuana market. We are confident that this pilot program will be a net gain for the state, and renewed prior to 2018 with enthusiasm.”
Where: Embassy Suites Chicago, 600 N State St, Chicago, IL?
When: Saturday, August 24, 10 a.m. – 5 p.m.
Who: Representative Lou Lang, Illinois Legislature
Steve DeAngelo, Harborside Health Center
Aaron Smith, National Cannabis Industry Association
Fifteen medical marijuana experts and entrepreneurs from Illinois and across the nation providing presentations
More than 100 prospective investors and entrepreneurs attending
NCIA member businesses can register up to two attendees online in advance for $200; guests can register with a per-ticket donation of $350 online in advance. A limited number of tickets may be available at the door for a $375 donation. All ticket and sponsorship proceeds support the work of the NCIA.
For more information, including a complete agenda and speaker list, visit TheCannabisIndustry.org/symposia.