Reports Alleges Green Thumb Industries Under Federal Investigations

In #Illinois, Green Thumb Industries is reportedly targeted by #federal investigators over possible corruption regarding their #political #donations and other actions taken in pursuit of #cannabis business permits. The story was first published by the #Chicago Tribune, who cited unverified sources alleging the existence of the probe by federal authorities. Despite the claim, no criminal charges against the multistate operator or its executives have been filed so far. Chicago-based Green Thumb, which has become one of the top cannabis companies in the country since its founding in 2014, currently owns 56 retail locations across 15 states and has an estimated #market cap of 5 #billion dollars. GTI and their affiliates have made campaign donations to #politicians and organizations not only in Illinois, but in various other states including #Ohio, New #Jersey, #Connecticut, and #Maryland. CEO Ben Klover responded to the accusations, saying the unfounded allegations undermine the actions GTI has taken to compliantly grow their #business. The company maintains there is no evidence of any federal investigation and is demanding an immediate retraction of the Chicago Tribune article.

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William Bradley

William Bradley

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