420 with CNW — Illinois Disburses $32M to Cannabis Social Equity Firms
Illinois has taken another step in its effort to promote fairness in the legal cannabis market, issuing $31.8 million in loans to businesses identified under its social equity program. State officials confirmed that 95 companies received funding in this latest round, with individual loan amounts between $50,000 and $750,000. The loans come with favorable terms. Borrowers will not pay interest for the first 18 months, and no payments are required during that period. In addition, companies may be eligible to have the full amount forgiven if they meet certain conditions tied to how the funds are used. Lieutenant Governor Juliana…

















