Dutchess Cannabis Company will be taking over the MedMen cannabis dispensary located at 1142 Lake St., which said it was temporarily closed in early April.
MedMen struggled financially, closing many locations across the country. The company eventually ceased operations and filed for bankruptcy proceedings in Canada, according to Forbes, with $411 million in liabilities. MedMen subsidiaries in the United States will have operations dissolved or sold, according to Forbes.
The MedMen location in Oak Park began selling recreational marijuana in January 2020, after Illinois became the 11th state to legalize it. In March 2020, the company received a cease and desist notice for failing to maintain social distancing requirements during the COVID-19 pandemic.
MedMen was the only business in Oak Park that collected a local cannabis tax, Erik Jacobsen, the village’s communications manager, told Wednesday Journal. Now, that revenue will hopefully be maintained as Dutchess Cannabis Company takes over.
Dutchess Cannabis Company will operate the Oak Park MedMen location as it works to finalize the purchase and acquire appropriate licenses, according to the village manager’s report. The company is undergoing licensing operation inspections, the report states, and will need to acquire an Oak Park business license and certificate of
