Marijuana expo draws 'gold rush' to Illinois, without the gold
Published on May 20, 2015
Illinois voters legalized medical marijuana over two years ago, and bureaucracy has prevailed in making eager patients wait on their medicine day after day. In anticipation of the upcoming production and sale of marijuana, Illinois hosted a Marijuana Business Conference & Expo with many businesses and entrepreneurs wanting to get into the gold rush of the marijuana industry. Some even got the chance to pitch their business ideas in a "Shark Tank" format to investors, some asking for $500,000 and some $5 million.
More than 2,000 people attended the Marijuana Business Conference & Expo, hoping to cash in on a business that is forecast by one industry-backed market research group to grow to $11 billion in annual sales nationwide by 2019, with the prospect of legalization in several more states.