For the first time in a generation, Chicago is at the center of a high-growth industry. Crain’s Chicago Business explains how the Windy City became “the Silicon Valley of Pot:“
“In the six years since Illinois issued its first licenses to grow and sell marijuana for medical use, GTI, Cresco, Verano and privately held PharmaCann have emerged as industry giants, winning or acquiring licenses across the country as legalization took off. Fueled in part by the launch of recreational marijuana sales in Illinois last year, the Chicago-based companies have seen their fortunes soar. GTI’s revenue rose 151 percent last year, and its stock has increased 650 percent in the past 12 months.”
But the competition from other cities is getting steeper…
