![]() Qualifying patients must designate a single dispensary with the Illinois Department of Public Health in order to purchase cannabis, and those patients cannot designate Modern Cannabis until the business gets its license.Ībout 4,000 patients have been approved for the pilot program including 26 under the age of 18, according the state. The only other dispensary that's open in the city at this point, Dispensary 33, is in Uptown at 5001 N. When Modern Cannabis opens the shop will carry strains from a number of different cultivators as well as edibles and extracts such as waxes and oils. Those extracts are just starting to come on the market, according to Marks. Prices will start in the range of about $60 for an eighth of an ounce, similar to what it costs on the street. ".right now unfortunately we are not able to beat the local dealer." "Once the patient population goes up and supplies go up and everything starts functioning better, I think prices will come down," Marks said. One reason for the low number of patients is that the Illinois system is highly regulated and has a narrow list of conditions that are eligible. The state's Medical Cannabis Advisory Board, consisting of doctors, nurses, patients and advocates, recommended adding eight conditions to the list in October including Post-Traumatic Stress Disorder, chronic pain syndrome and autism among others. The Illinois Department of Public Health is expected to rule on the conditions Feb. Marks hopes Modern Cannabis' location along Milwaukee Avenue and near the Kennedy Expressway will be a draw for both Chicagoans and commuters. Switching the designated dispensary is fairly easy, and only requires an email. Ascend by MOCA Logan Square is a medical and adult-use dispensary in Chicago, IL. "Location is huge obviously, but some people want to go somewhere where they feel like they like the people and the place,” Marks said. Ascend MOCA Logan Square storefront may or may not accept customer returns. MOCA's original location, opened for medical cannabis in 2016 as one of Chicago’s first legal dispensaries and have helped countless patients get the care and medicine they need. Most States do not allow resell of returned marijuana products. Once Modern Cannabis gets its license only registered patients and caregivers will be allowed in it's high-security doors, so Sunday's preview may be the last chance. ![]() MOCA’s Logan Square location provides both medical and recreational marijuana products it first opened to patients in 2016, making it one of the first legal dispensaries to operate in Chicago. Modern Cannabis is hosting an open house between 11 a.m. Founded in 1937, Teamsters Local 777 represents workers in a wide variety of industries throughout the Chicago area. ![]() ![]() Ascend by MOCA Logan Square is a recreational and medical cannabis dispensary. Under the terms of agreement, Ascend Wellness paid consideration as cash $20 million, issued shares of 8.1 million, net of cash acquired $0.26 million and assumed liabilities of $0.3 million.Where anyone interested can check out the space and speak with a patient specialist to learn about products and treatment. The transaction is expected to close on December 28, 2020.Īscend Wellness Holdings, LLC completed the acquisition of MOCA - Modern Cannabis on December 23, 2020. As of December 15, 2020, Illinois Department of Financial and Professional Regulation approved the transaction. The transaction is subject to the approval from the Illinois Department of Financial and Professional Regulation. Ascend Wellness Holdings will keep the MOCA brand in place and operate both dispensaries as a separate brand. Ascend Wellness Holdings will pair MOCA with Illinois Supply & Provisions (IS&P) dispensaries which include the top performing retail outlet in the state in Collinsville. Ascend Wellness Holdings is also announcing the final closing of its latest funding round at $68.2 million, of which $41 million is new capital that will be used to further the company's expansion of retail and grow operations. Ascend Wellness Holdings, LLC entered into an agreement to acquire MOCA - Modern Cannabis for $21.4 million on August 25, 2020. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |