A reform launched in Illinois would deter ex-regulators of cannabis and their kin from securing jobs from certified operators or passive investment firms, according to a Chicago Sun-Times Report.
Under the present law, folks with regulatory experience are prohibited from holding or applying for industry licenses and from developing any interest in applicants. They can only engage in the cannabis space through passive investment in a public trade firm.
Based on the report, not more than five former state marijuana regulators have passive investments or roles with a regulated marijuana company together with the federal legislator and the wife of another.
Candace Gingrich, the wife of federal Democratic Representative Kelly Cassidy, was identified as the vice-chair of Revolution Florida business development thirty days after marijuana was authorized within Illinois. Revolution Florida is a subsidiary of Revolution Global. The report adds that Cassidy has acquired about $15,550 since 2017 from entities and individuals associated with the federal marijuana landscape, including $4,000 from its previous chief executive and Revolution.
State Democratic Representative Morgan Bob is now Benesch’s partner. Benesch is a law company with a marijuana practice where Morgan represents Red Row, a Michigan-located marijuana cultivator.
Bob was the jurisdiction’s first medicinal marijuana program coordinator and seconded statewide authorization after his 2019 election. The report asserts that he’s acquired $57,250 from campaign contributions, with about USD34,350 acquired from firms he represented or individuals associated with them.
Also, the State’s Office Secretary is investigating State Senator Van Pelt Patricia for holding marijuana-related seminars and heading an organization that planned on obtaining industry licenses.
The initiative won’t affect the five previous regulators with links to the cannabis space or searching for licenses, who include: Tara Meyer (who previously worked at Illinois Department of Financial and Professional Regulation (IDFPR), Jay Stewart (former IDFPR ‘s director), Jeff Cox (who worked as IDFPR’s top marijuana regulator), Joseph Wright (previous medicinal marijuana program director) and Bridget Degnen (former assistant director of medicinal marijuana program).