Minority-Owned Illinois Business Advances $17M, Warns Industry Could Downfall

1937 Group’s successful capital raise last week comes amid challenges for Illinois’ social equity program in cannabis. Within the span of a week, a vertically integrated and minority-owned company in Illinois has both raised $17 million in funding and warned others the state cannabis industry is “on the verge of collapse.” The 1937 Group, which bills itself …

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