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>>

  • PETA protests Central Park horse-drawn carriages

    PETA protests Central Park horse-drawn carriages

    Thursday, April 24 2014 6:08 PM EDT2014-04-24 22:08:12 GMT
    Chanting the mayor's name in appreciation, some 50 demonstrators protested horse-drawn carriages in the city on Thursday. The protest was organized by PETA and NYCLASS after a horse fell on the corner of 5th Avenue and 59th Street Wednesday. The protestors said the horse was spooked by a bus and cited witness accounts who shot some video. The horse that fell is 15-year-old Spartacus.
    Chanting the mayor's name in appreciation, some 50 demonstrators protested horse-drawn carriages in the city on Thursday. The protest was organized by PETA and NYCLASS after a horse fell on the corner of 5th Avenue and 59th Street Wednesday. The protestors said the horse was spooked by a bus and cited witness accounts who shot some video. The horse that fell is 15-year-old Spartacus.
  • Superstorm Sandy

    NYU Langone unveils rebuilt emergency room

    NYU Langone unveils rebuilt emergency room

    Thursday, April 24 2014 5:54 PM EDT2014-04-24 21:54:40 GMT
    A year and a half after Superstorm Sandy hit New York, a major city emergency facility that was destroyed finally fully reopened Thursday — with waterproof walls. Gov. Andrew Cuomo joined Mayor Bill de Blasio and other dignitaries to celebrate the emergency complex at the NYU Langone Medical Center, which is now triple the size of the old one and equipped with the latest technology.
    A year and a half after Superstorm Sandy hit New York, a major city emergency facility that was destroyed finally fully reopened Thursday — with waterproof walls. Gov. Andrew Cuomo joined Mayor Bill de Blasio and other dignitaries to celebrate the emergency complex at the NYU Langone Medical Center, which is now triple the size of the old one and equipped with the latest technology.
  • Princeton University giving town $24M

    Princeton University giving town $24M

    Thursday, April 24 2014 5:33 PM EDT2014-04-24 21:33:55 GMT
    Princeton University has agreed to contribute more than $24 million over the next seven years to the town of Princeton. The deal was announced Thursday and is set for consideration by the town government's approval on Monday. The university and town officials frame it was as a way to resolve an age-old issue in college towns where much of the land is university-owned and thus tax-exempt.
    Princeton University has agreed to contribute more than $24 million over the next seven years to the town of Princeton. The deal was announced Thursday and is set for consideration by the town government's approval on Monday. The university and town officials frame it was as a way to resolve an age-old issue in college towns where much of the land is university-owned and thus tax-exempt.
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