The `business` of Marijuana comes to Illinois - New York News

The `business` of Marijuana comes to Illinois

Posted: Updated:
CHICAGO (FOX 32 News) -

Consultants, industry leaders, and potential investors gathered downtown Saturday to discuss a fledgling new industry in Illinois: medical marijuana.

A new law, taking effect January 1, 2014, establishes a four year trial program in Illinois. It allows 22 areas for growing marijuana, and 60 dispensaries. Thus, Saturday's Cannabusiness Symposium, and its keynote speaker, Steve DeAngelo, from California.

"The biggest issue that you're going to face is the conflict between federal law and state law. Even though medical cannabis is legal under Illinois laws now, cultivating and distributing it is completely illegal under federal law," said DeAngelo of the Harborside Health Center.

DeAngelo also says that the feds typically go easier on states with tight regulations, and Illinois will be heavily regulated.

Ed Rodriguez, who's thinking of getting into some facet of the marijuana business, says based on what he heard today, it won't be easy.

"It's going to be a lot of networking. A lot of networking. You're not going to be able to come into this on your own," said Rodriguez.

Chris Bochenski is a Chicagoan who's pushing software to track marijuana manufacturing and sales.

In response to the question on Illinois' future looking bright, Bochenski added, "Absolutely. The politicians and lobbyists have done their jobs, and now it's time for industry to do theirs."

Critics say that legalizing medical marijuana creates a huge potential for abuse, and possible damage to the brain. Symposium participants disagreed.

"You know there's a lot of people who sort of make jokes about cannabis being used for everything from hangnails to skin irritation, but the fact of the matter is that cannabis is effective for a very wide range of medical conditions," said DeAngelo.

Follow Us!

Share Your Photos & Video

  • Local NewsLocal NewsMore>>

  • Real estate heir charged for urinating on candy

    Real estate heir charged for urinating on candy

    Tuesday, July 22 2014 3:51 PM EDT2014-07-22 19:51:49 GMT
    A New York City real estate heir who admitted killing his neighbor a decade ago in Texas is facing a new charge in Houston that accuses him of urinating on candy at a drug store. Authorities say 71-year-old Robert Durst was arrested Sunday after arguing with store employees. They say he was charged with criminal mischief after urinating on at least $100 worth of candy.
    A New York City real estate heir who admitted killing his neighbor a decade ago in Texas is facing a new charge in Houston that accuses him of urinating on candy at a drug store. Authorities say 71-year-old Robert Durst was arrested Sunday after arguing with store employees. They say he was charged with criminal mischief after urinating on at least $100 worth of candy.
  • Search for masked robbers in Caesars heist

    Search for masked robbers in Caesars heist

    Tuesday, July 22 2014 3:28 PM EDT2014-07-22 19:28:51 GMT
    The hunt is on in southern New Jersey for two suspects who made off with more than $180K from Caesars Atlantic City casino. The brazen robbers reportedly stole the cash from two plastic boxes on the casino floor. The robbery occurred on Monday at about 6 a.m. The masked robbers took off in a vehicle. The State Police Casino Gaming Bureau is handling the investigation.
    The hunt is on in southern New Jersey for two suspects who made off with more than $180K from Caesars Atlantic City casino. The brazen robbers reportedly stole the cash from two plastic boxes on the casino floor. The robbery occurred on Monday at about 6 a.m. The masked robbers took off in a vehicle. The State Police Casino Gaming Bureau is handling the investigation.
  • Long Island doctor gets 10 years in painkillers probe

    Long Island doctor gets 10 years in painkillers probe

    Tuesday, July 22 2014 3:23 PM EDT2014-07-22 19:23:37 GMT
    A New York physician has been sentenced to 10 years in federal prison for illegally distributing painkillers. Dr. Leonard Stambler of Baldwin Harbor was convicted in October 2013 of conspiracy and distribution of oxycodone. Authorities have been cracking down on the powerful painkiller following a fatal shooting during a Long Island pharmacy robbery.
    A New York physician has been sentenced to 10 years in federal prison for illegally distributing painkillers. Dr. Leonard Stambler of Baldwin Harbor was convicted in October 2013 of conspiracy and distribution of oxycodone. Authorities have been cracking down on the powerful painkiller following a fatal shooting during a Long Island pharmacy robbery.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices