Illinois

Rivian Automotive Inc. (NASDAQ:RIVN) will receive $16 million in state incentives and tax breaks as the EV maker looks to expand its manufacturing unit in Illinois and build a supplier park. What Happened: The company will receive the incentives from the local government, which includes tax breaks...

Lightning has struck twice in Des Plaines, Illinois. Just three years after a record-breaking Mega Millions jackpot was won in the suburb, another lucky player has claimed a multi-million dollar prize. What Happened: A single ticket purchased at a Mobil gas station on Golf Road matched all six...

The Trump administration launched an immigration enforcement blitz in Chicago on Sunday, Immigration and Customs Enforcement (ICE) confirmed in a statement. ICE agents are expected to be joined by officials from several more agencies in the multi-day operation that will soon spread across the...

Leading sports betting company DraftKings Inc (NASDAQ:DKNG) was sized up by an analyst in a new note with a look ahead at the impact of the acquisition of digital lottery company Jackpocket. The DraftKings Analyst: Goldman Sachs analyst Ben Miller has a Buy rating and $60 price target on DraftKings...

Former President Donald Trump has been eliminated from the Illinois state ballot by a local judge, marking the third state to make such an attempt. What Happened:  Judge Tracie Porter of Cook County, Illinois, delivered the extensive ruling on a Wednesday, directing the state election...

In a recent development, former President Donald Trump will remain on the Illinois primary ballot. This decision comes despite a challenge based on the Constitution’s Insurrection Amendment. What Happened: The Illinois elections board unanimously decided to keep Trump on the state’s...

An Illinois family almost saw their holiday plans go awry when they mistakenly purchased $10,000 in Disney+ gift cards, thinking they were buying theme park tickets. What Happened: Andie Coston, a 41-year-old social worker, took to TikTok to share her parents’ blunder, reported Business...

MariMed Inc. (OTC: MRMD) retail footprint has once again expanded, as the company officially unveiled an adult-use Thrive dispensary in Casey, Illinois. This marks the fifth dispensary in operation within the state of Illinois and the 12th dispensary in MariMed’s expanding...

ChatGPT, OpenAI’s popular artificial intelligence (AI) platform, now falls under Chicago’s Personal Property Lease Transaction Tax, which tacks on a 9% tax for users of its premium version as of Oct. 1. Wait, What? Chicago tax law states that charges incurred primarily for the ability...

The Restore, Reinvest, and Renew (R3) Program in Illinois is making strides in reversing the damages of the war on drugs, earmarking cannabis-derived funds to catalyze community renewal and equitable industry growth. Illinois Governor J.B. Pritzker engaged in dialogue with Benzinga at the Cannabis...

Illinois became the first state in the U.S. to fully legalize adult use cannabis through legislation with the passage of the Cannabis Regulation and Tax Act in 2020. Since then, the state has worked to help those who were previously impacted by cannabis-related offenses...

Through the adult use cannabis social equity program, Illinois is helping those who previously faced imprisonment for cannabis offenses build new lives in its booming legal cannabis industry. A Chance To Bloom: At the Benzinga Cannabis Capital Conference in...

Illinois was the first state in the U.S. to fully legalize adult-use cannabis through legislation, setting a precedent for the rest of the nation.  Illinois Gov. J.B. Pritzker highlighted the importance of that initiative Thursday in a keynote address at the Benzinga...

Rivian Automotive Inc. (NASDAQ:RIVN) is reportedly relocating a section of its staff to its Illinois factory. What Happened: Rivian is relocating parts of its manufacturing engineering team to its Illinois factory, The Wall Street Journal reported, citing a person familiar with the matter. See...

Amid the green wave expected in the northeast including New Jersey, Connecticut, New York and Virginia, Pablo Zuanic, analyst at Cantor Fitzgerald reviewed economic trends in four states that have legalized the recreational use of cannabis: Illinois, Michigan, Massachusetts and Arizona. Except for...