Cannabis businesses prepare to open - New York News

Cannabis businesses prepare to open

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CHICAGO (FOX 32 News) -

Medical marijuana is now legal in Illinois, and many people wonder if they can make money selling it without getting arrested by the feds.

The Cannabis Career Institute held a seminar in Rosemont on Saturday to prepare potential business owners on some of the regulations they may see in Illinois.

One of the speakers was Ali Nagib, the Assistant Director of the Illinois Chapter of the National Organization to Reform Marijuana laws. "This is going to be a very restrictive program. It's going to be very different from what people have seen in California and Colorado," Nagib told FOX 32 News.

People are preparing their business plans as they await word from the state about specific rules and regulations for opening a medicinal marijuana business.

"It's going to be very, heavily regulated. It's going to be, likely, substantial financial barriers to entry, both in terms of application fees and possibly as well as demonstration of liquid assets in order to be a qualified applicant," Nagib added.

This was the fourth time the Cannabis Career Institute made a stop in Chicago.

"We're helping people to start their own medical marijuana business. So a dispensary, a grow operation, an edibles operation and then we're helping them to market and brand their business," CEO/President of C.C.I., Robert Calkin said.

One potential business owner, we will identify as "Cheech" Rodriguez, has seen how it is done in other states. He plans on operating here in Illinois and understands the fears many may have about the legislation. "A lot of people know how to start up businesses, some people know about the marijuana business, but there's not a lot of people who know about both," Rodriguez said.

The state has roughly 100 days to come up with a final list of rules and regulations for the new law. Many of the people at Saturday's even said they planned to be as prepared as possible for when that day will come.

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