Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) said Planet 13 Illinois LLC, of which it owns 49%, has been awarded a conditional adult use dispensing organization license in the Chicago-Naperville-Elgin region from the Illinois department of financial and professional regulation.
"After a long wait, it is great to be granted our license and to have the opportunity to move forward with our Illinois dispensary plans," said Larry Scheffler, co-CEO of Planet 13 in a statement.
"The Chicago region offers significant value for cannabis operators. It has strong cannabis sales, a large population base, an attractive tourist destination, and is ready for the Planet 13 experience," he added.
READ: Planet 13 Holdings welcomes Nevada ruling to approve cannabis consumption lounges
Frank Cowan, who owns 51% of Planet 13 Illinois LLC, commented: "As a local of Illinois, I'm thrilled to partner with Planet 13 to bring the unique Planet 13 experience to my home state for my friends and family."
Planet 13 is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations in Las Vegas and in Orange County, California. The company also holds a medical marijuana treatment center license in Florida.
Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products.
Contact the author at jon.hopkins@proactiveinvestors.com