A little more than a month after President Joe Biden signed a new marijuana research bill into law, officials said they intend to open a cannabis-centric research laboratory and think tank in Chicago sometime in 2023.
According to the Chicago Tribune, the Cannabis Research Institute will be operated in the city’s downtown area by a subsidiary of the University of Illinois and will have a broad remit, including policy advocacy as well as plant and medical science.
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The Cannabis Research Institute will be entirely publicly funded and reject cash from cannabis industry players and investors, the newspaper reported.
Chicago was selected for the state-funded cannabis research facility because some of the country’s biggest cannabis companies are headquartered there, Illinois Gov. J.B. Pritzker said.
Prominent multistate operators Cresco Labs, Green Thumb Industries – one of the only American multistate operators to post a profit in 2021
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