City Council Postpones Vote On Lightfoot's Overhaul Of Weed Rules – Block Club Chicago
CHICAGO — Pot shops could soon be allowed in much of Downtown, but a vote on Mayor Lori Lightfoot’s overhaul of the city’s cannabis zoning rules was delayed Tuesday at City Council until next week.
Lightfoot introduced the ordinance in July in an effort to reduce the cost and time to open a pot shop and other cannabis businesses in the city to lure the next round of dispensary license owners to Chicago and avoid losing them to the suburbs.
The current rules saw the city lose out on businesses and tax revenue during the first round of dispensary licensing, said Will Shih, a cannabis advisor to Lightfoot. More than 100 companies hold a provisional dispensary license to open in Chicago, but their license allows them to set up shop in the suburbs instead.
For the first time, the new round of license holders will include companies majority-owned by Black and Brown entrepreneurs. Those budding companies may have less access to capital than the many large multi-state operators that currently operate in the city, Shih said.
But a vote on the ordinance was blocked on Tuesday by two frequent Lightfoot critics, Ald. Raymond Lopez (15th) and Ald. Anthony Beale (9th), who used