Illinois' social equity program is "on the verge of collapse" due to the state's laborious rules and regulations, cannabis equity advocates and business owners warn.

Ambrose Jackson, of the 1937 Group, said that those running equity businesses ended up sidelined for years, while cannabis companies that were among the first to enter the new market prospered, reported ABC7 Chicago.

"I'm waving a flag for Governor Pritzker and Illinois legislators… And who's being hurt? It's us. The very people who this program is meant to help," Jackson said.

The state recently issued 185 …

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