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Illinois offering low cost cannabis loans - Cannabis News

Governor J.B. Pritzker has opened applications for the first $21 million Low Cost Loan Program authorized in the cannabis law signed in June.

The initiative is funded through the Cannabis Business Development Fund, created by the Cannabis Regulation and Tax Act, to support social equity applicants seeking cannabis business licenses.

The fund is primarily supported through the licensing fees of the first round of dispensaries and cultivators, among other sources. 

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