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Clouted pot company can’t legally move dispensary to site of old Rainforest Cafe

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A dispensary can’t open within 1,500 feet of an existing pot shop unless it’s owned by a so-called social equity applicant, according to Chris Slaby, a spokesman for the Illinois Department of Financial and Professional and Regulation.

There are at least three dispensaries that appear to be within that distance. PTS, one of the original firms to get approval to sell pot in Illinois, does not have social equity status, a designation created to diversify the white-dominated weed business.

PTS has also been led in part by David Flood, a businessman whose family owns Flood Brothers Disposal, a trash-hauling company that has held lucrative contracts with city agencies. Flood previously served as the treasurer and principal officer of the influential and deep-pocketed Medical Cannabis Alliance of Illinois, which is now known as the Cannabis Business Association of Illinois.

There is also a PharmaCann Verilife dispensary at 60 W. Superior St. and Ascend’s MOCA dispensary at 216 W Ohio St.

 

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