Create a free Cannabis Equipment News account to continue

The 1937 Group Shares Cannabis Retail Expansion Plans

The company is adding dispensaries in Illinois and could eventually grow beyond the state.

I Stock 1212246649
iStock

The 1937 Group said it has already established a sustainable presence and sizable footprint in the marketplace, penetrating more than 90% of Illinois dispensaries since May 2023. In the immediate future, the company's expansion plan includes opening dispensaries in Fox Lake, Forest Park, Brookfield, Woodridge, Evergreen Park, and Glenwood, all within the first half of 2024. As a vertically integrated operator, the company said it can expand into different product categories within Illinois and eventually into other markets nationwide.

"We've strategically established a solid footprint in the market," said Chief Strategy Officer Alex Al-Sabah. "We are excited about new investment and partnership opportunities in Illinois and other markets we plan on entering."

Since opening their grow facility, "1937 Cultivation," the company's track includes opening a cannabis complex in Tilton, IL, which features the Parkway Dispensary and Molly's Joint Consumption Lounge.

"While we've made a lot of progress and overcome many challenges getting to this point, we know there's more to come and are also committed to bringing our Communities with us along the way. Our work is the work of the people who were plagued by the 'War On Drugs' and those who have been excluded from the legal cannabis industry," said Sonia Antolec, Chief Legal and People Officer of The 1937 Group.

More in Distribution