"So what I'm voting on here tonight is that you finally listened and decided that you had to get out of that spot because it wasn't working." 27.1k Followers, 312 Following, 487 Posts - See Instagram photos and videos from Zen Leaf (zenleafdispensaries) zenleafdispensaries. Premium cannabis dispensaries promoting health & wellness. Since opening in 2015 as a medical marijuana dispensary, Zen Leaf has operated out of the St.
Charles is now selling to all marijuana users over 21 after the City Council narrowly approved a measure allowing recreational marijuana sales. Charles Commons office complex at 3714 Illinois Ave. The location attracted complaints from tenants who said a marijuana dispensary was inappropriate for the site. Lewis and fellow aldermen Art Lemke, Rita Payleitner and Ron Silkaitis voted last May against Zen Leaf's expansion into recreational marijuana sales, but each approved the move to the shuttered jewelry store at 3691 E.
Main St.īecause a city ordinance allows only one dispensary east of the Fox River, Zen Leaf must close its current location before opening the new one. Zen Leaf is Illinois' premier cannabis dispensary, ready to offer natural treatments & improved health services to the medical cannabis community. Harvest also tried - and failed -to buy out a Highland Park pot shop called Elevele later that year.According to state law, the earliest Zen Leaf could move is April of 2022, but there are bills currently in the state legislature that would allow the address change this spring. But the merger died, and the two companies issued a statement blaming “prolonged obstacles in meeting requirements for state and local regulatory authorities needed to transfer ownership and operational licenses, adverse capital market conditions a challenging environment for asset sales.” In March 2019, Verano agreed to be acquired by Arizona-based Harvest Health & Recreation. Since marijuana was fully legalized last year, highly capitalized companies have bought up smaller, independent pot shops - albeit it at sky-high prices of as much as $15 million per dispensary. The new company took control of the grow operation, along with Archos’ Zen Leaf dispensary brand and other entities.Īfter its launch, Verano began cementing its status as a premier pot firm by going on a merger and acquisition streak after its own $850 million acquisition went up in smoke last year.Īlthough Illinois’ cannabis industry is heavily regulated and the pursuit of new licenses is increasingly competitive, operators of cannabis businesses can sell their permits to other firms hoping to expand their reach or establish a foothold in Illinois. Ross Morreale ultimately left Ataraxia in the summer of 2018, just three months before Verano launched the following October with $120 million in private funding. She also previously served as a spokeswoman for the trade group. Michael McAuliffe (R-Chicago) and a former director of the Illinois Department of Transportation. His sister, Kim Morreale, is the wife of former state Rep. Morreale helped start the Medical Cannabis Alliance of Illinois, an industry group whose membership has included many of the state’s other early operators. Archos previously told the Sun-Times he was encouraged to get into the medical cannabis industry after seeing the drug’s healing effects on a cousin with multiple sclerosis.
#ZEN LEAF PROSPECT HEIGHTS SERIAL#
Originally from the western suburbs, Archos is a serial entrepreneur who co-founded Wildberry Pancakes & Café, which has four locations in Chicago and the suburbs. Archos previously partnered with influential cannabis consultant Ross Morreale to launch Ataraxia, which became the first firm licensed in Illinois to start legally cultivating weed in July 2015, four months before medical cannabis sales began.
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