GTI Opens Seventh Store in Illinois

Green Thumb Industries announces the opening of its 41st store called Rise Quincy.

Green Thumb Industries Inc. (CSE: GTII), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced Rise Quincy, the company's seventh store in Illinois and 41st in the nation, will open on Friday, January 31.

Rise Quincy is the second adult-use only store to open in Illinois since the Cannabis Regulation and Tax Act passed while Rise Joliet was the first, opening on January 1 to coincide with the onset of adult-use sales in the state. Green Thumb Industries also offers adult-use sales at Rise Canton, Rise Mundelein and 3C Joliet. Two of GTI's Illinois stores, The Clinic Effingham and 3C Naperville, currently only offer sales to customers with a valid Illinois medical marijuana card.

We're thrilled to continue the momentum of the successful rollout of Illinois adult-use sales with the opening of Rise Quincy, the state's second adult-use only store.

GTI Founder and Chief Executive Officer Ben Kovler.

Kovler went on to say that "GTI has served tens of thousands of customers since January 1 and we look forward to providing people in Illinois further access to well-being through the power of cannabis at our stores and via our branded products."

The Illinois Department of Financial and Professional Regulation (IDFPR) announced that statewide adult-use cannabis sales from January 1 through January 12 alone totaled $19.7 million. Experts estimate the Illinois cannabis market potential could top $2.5 billion at maturation.

Rise Quincy is located at 2703 Broadway Street in Quincy. Grand opening hours are January 31 and February 1 from 8:00 am to 8:00 pm. Regular business hours are Monday to Thursday 10:00 am to 6:00 pm, Friday 10:00 am to 7:00 pm, Saturday 10:00 am to 5:00 pm and Sunday 10:00 am to 3:00 pm.

To learn more about GTI visit their company HQ here.

Disclaimer: Past performance is not an indicator of future performance.

This could be one of the best investing opportunities of 2020

Legislative changes are blowing through the US, and with it, an ever-increasing number of states legalising cannabis for recreational use.

With the success seen in Illinois, which legalised for adult-use on January 1 and saw products moving off the shelf at an unprecedented rate, this company is primed to take advantage of the booming US recreational market.

They have secured partnerships with the biggest cannabis companies in the US, and their portfolio is second to none.

And with the sector-wide pullback of 2019, this company is now at a bargain-basement price.

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Louis O'Neill
Louis O'Neill

Louis is a writer based in Sydney with a focus on social and political issues. Having interviewed local politicians and entrepreneurs, Louis now focuses on cannabis culture, legislation & reform.

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