A well-connected River North cannabis dispensary has filed suit to try to keep a competitor from opening its doors nearby. GRI Holdings LLC, which operates a Green Rose store, filed suit this week to prevent Bio-Pharm LLC from opening a store two blocks away in the former Rainforest Cafe at Clark and Ohio streets. The suit is against Bio-Pharm and the Illinois Department of Financial and Professional Regulation, claiming the agency is illegally approving the license.
Progressive Treatment Solutions, or PTS Corp., which operates a grow house and five Consume dispensaries in Norwood Park and elsewhere in Illinois, previously had been rebuffed from opening at Rainforest Cafe because PTS was not a social equity license holder. It teamed up with Bio-Pharm, which is a social equity licensee, to try to open on the site. After initially rejecting that proposal, the Illinois Department of Financial and Professional Regulation gave preliminary approval for the plan.
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Source: CBSNewYork - 🏆 268. / 63 Read more »