Overview
What is Cannabis Business Association Of Il?
The Cannabis Business Association of Il, also known as Cannabiz IL or CBAI, is a nonprofit organization based in Springfield, Illinois. Established in 2015, it initially functioned as the Medical Cannabis Alliance of Illinois. Today, it serves as a statewide association representing cannabis businesses and industry supporters. CBAI advocates for the advancement of medical cannabis and collaborates with regulatory agencies to uphold the integrity of the emerging cannabis industry. Their mission is to advocate for patient well-being, consumer safety, equity, job creation, community investment, and the responsible adult use of cannabis. They support strict regulatory standards to ensure product quality and safety. Cannabiz IL serves as a credible resource for policy makers and their members, and they believe in the medical benefits of cannabis and its potential to positively impact communities.
Official website here: www.cbail.org
Is Cannabis Business Association Of Il legitimate?
Cannabis Business Association Of Il is a legitimate nonprofit organization registered as a 501(c)(6) entity. Cannabis Business Association Of Il submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $156,000
For more financial information, click here
Official website here: www.cbail.org
What is the mission statement of Cannabis Business Association Of Il?
The Cannabis Business Association of Il, initially established as the Medical Cannabis Alliance of Il in 2015, has evolved to represent cannabis businesses and industry supporters. As an advocacy group, it strives for the advancement of medical cannabis, working closely with state agency regulators to uphold the integrity of the growing cannabis industry. The association, known as Cannabiz Il or CBAI, is led by a board of directors comprised of owners and operators of cultivation centers, multi-state operators, and independently owned dispensaries, who are dedicated to promoting the interests of the cannabis industry within Illinois.
Official website here: www.cbail.org
Who is the CEO of Cannabis Business Association Of Il?
Pamela Althoff is the Chairman of Cannabis Business Association Of Il.
Official website here: www.cbail.org
What is the revenue of Cannabis Business Association Of Il?
Cannabis Business Association Of Il's revenue in 2022 was $737,577.
Official website here: www.cbail.org
Who are the executives of Cannabis Business Association Of Il and what are their salaries?
Here are 15 key members and their salaries:
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- Compensation: $163,070
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Official website here: www.cbail.org
Where can I find the form 990 for Cannabis Business Association Of Il?
Cannabis Business Association Of Il's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbail.org
Learn more at the official website: www.cbail.org
Mission Statement of Cannabis Business Association Of Il
The Cannabis Business Association of Illinois, often abbreviated as Cannabiz IL or CBAI, was initially established in 2015 as the Medical Cannabis Alliance of Illinois. Over the years, the organization has grown alongside its members and now serves as a non-profit statewide association, representing cannabis businesses and industry supporters. The mission of Cannabis Business Association of Illinois is to advocate for the advancement of medical cannabis and collaborate with state agency regulators to uphold the integrity of the emerging cannabis industry. The association's board of directors is composed of owners and operators of Illinois' cultivation centers, multi-state operators (MSOs), and independently owned dispensaries. These individuals work together to shape the cannabis industry's future, ensuring it remains both responsible and sustainable.
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Impact
October, 2024
The Cannabis Business Association of Illinois (CBAI) significantly impacts the state's cannabis industry by advocating for the advancement of medical cannabis and collaborating with state regulators to ensure the industry's integrity. As the statewide voice for Illinois' cannabis businesses, CBAI focuses on critical areas such as patient well-being, consumer safety, equity and inclusion, job creation, and community investment.
CBAI plays a vital role in providing connections that allow industry members to engage with Illinois legislators and state agencies. This collaboration helps address challenges, fosters innovation, and leverages emerging opportunities in the cannabis sector. By supporting stringent regulatory standards, the association contributes to establishing high-quality and safe cannabis products, setting national benchmarks for quality and safety.
Moreover, CBAI is a credible resource for policymakers and industry members, emphasizing the medical benefits of cannabis and its potential to positively impact communities. Their commitment to realizing the benefits of Illinois' cannabis laws reflects a broader vision for sustainable community healing and improvement through wise cannabis policies. In essence, CBAI fosters a responsible and thriving cannabis industry in Illinois, with a focus on collaboration, safety, and community development.
This information is meant to be a general summary of Cannabis Business Association Of Il. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $140,764
- Gross Receipts: $742,544
Assets and Liabilities:
- Total Assets: $610,523
- Total Liabilities: $0
- Net Assets: $610,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$137,000
TRAINING
Revenue
$3,764
Organization Details
Founding Year
2015
Phone
(815) 861-1881Principal Officer
Pamela Althoff
Main Address
524 S SECOND STREET, SPRINGFIELD, IL, 62701
Website
www.cbail.orgNTEE Category
Code: S41 - Community improvement
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