Volume 1 | Issue 1 June 2026
Charles Ryan, Inc. Cannabis Newsletter
Headlines
CHARLES RYAN JUNE’S “WORD ON THE STREET” CANNABIS HEADLINES
Illinois Takes a Massive Step Forward in Cannabis Reform
The House and Senate have officially passed an omnibus amendment to SB3222, bringing a sweeping wave of operational updates and equity provisions to the state’s market. The bill now awaits Governor J.B. Pritzker’s signature. (1, 2)
Here is a quick breakdown of the major changes coming down the pipeline:
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Expanded Medical Access: Illinois maintains a dual medical and adult-use cannabis licensing framework, with SB3222 further aligning regulatory authority and permitting eligible dispensaries to operate under both systems where licensed.
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Convenience Upgrades: Modernizing dispensary logistics, the bill officially permits operators to implement drive-through windows and curbside pickup options.
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Overhead Relief: The bill increases flexibility for operators, including social equity license holders, to utilize in-house security staff as part of their compliance plans, reducing reliance on contracted security providers and lowering one of the industry’s key operating costs.
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Equity & Growth Limits: The bill increases permissible craft grow canopy limits from 5,000 to 14,000 square feet, introduces hardship fee waivers, and establishes a social equity experience lottery for infuser licenses. Originally, a craft grow license had to first demonstrate consecutive quarters of 50% sell through of products before being granted 14,000 square feet.
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Market Safeguards: The bill doubles the legal personal cannabis possession limits for adults and establishes a strict, comprehensive regulatory framework for hemp-derived products.
About Us
At Charles Ryan, Inc. we understand that each of our clients has unique financial goals and needs. That's why we take a personalized approach to determining the right financing solutions for each individual client. We start by learning all we can about the client's business, including their current financial situation, their growth projections, and their long-term goals.

Navigating the Cannabis Capital Markets
Securing reliable capital in the regulated cannabis industry requires
more than a standard commercial approach. Navigating state compliance, banking restrictions, and complex tax structures demands an institutional partner who understands the unique operational hurdles facing operators.
At Charles Ryan, Inc., we design custom financing strategies specifically tailored to the growth needs of cannabis businesses. Whether you are looking to unlock equity from an existing facility, fund a major cultivation expansion, or secure capital to scale your retail footprint, we connect operators with structured solutions built for sustainable growth nationwide.
Property Spotlight: Hanover, IL Industrial Facility
101 N. Washington St., Hanover, IL 61041

This 109,412 SF, four-story industrial warehouse offers a premier footprint for operators looking to scale in a strategic Tri-State logistics corridor. Situated on 30 acres along the Apple River, the property features approved zoning for Cannabis Cultivation, Extraction, Infusion, and Dispensary uses.
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Infrastructure: Equipped with heavy 5,000 AMP, 3-Phase/480V power, 18'–25' clear heights, 4 high docks, and 1 drive-in door.
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Logistics & Access: Located near US-20 and Route 84, just 5 miles from the Upper Mississippi River International Port District.
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Terms: Available for sale at $3,700,000 ($33.82 PSF) or for lease at TBD PSF NNN.
If you are looking for a heavy-power, expansive facility that is fully approved and structurally ready to support a scaled cultivation, processing, or logistics footprint from day one, this asset is an ideal opportunity. Contact Charles Ryan, Inc. today to learn more.
Meet Our Team

Jeffrey Schwartz | CEO
Jeffrey has over 35 years of institutional lending and banking expertise, with a specialized focus on structuring capital solutions for the regulated cannabis industry. His deep background in complex commercial financing, asset-based lending, and industrial structures allows him to seamlessly navigate the unique compliance and banking hurdles facing modern cannabis operators.

Kathy Brown | Management Consultant
Kathy has over 25 years of experience in strategic planning, project management, and operations. She guides clients through every stage of the development process, identifying public and private incentives while evaluating associated risks and benefits. Her expertise in launching complex projects is widely recognized.

Matt Schwimmer | New Business Development
Matt Schwimmer brings experience in new business development, marketing, and operations across both traditional business and the regulated cannabis industry in multiple states. He has built strategic partnerships and driven revenue growth through new market opportunities. He entered the cannabis industry in 2015, helping build and scale operations in one of the earliest regulated markets in the U.S., and later managed a $16M flagship retail operation overseeing 100+ employees.

Ariel Krauss | Operations Associate
Ariel Krauss supports underwriting coordination, deal execution, and borrower communications across commercial real estate and specialty finance transactions at Charles Ryan Inc. He brings experience in marketing and operations across prior roles in sports and nonprofit environments. He holds a bachelor’s degree in economics from Syracuse University.
Connect With Our Team
To discuss your upcoming project or evaluate your current capital structure, contact our team directly:
- Jeffrey Schwartz: 312 543-4711 | jeffrey@charlesryaninc.com
- Matt Schwimmer: 847 468-4742 | matt@charlesryaninc.com
- Kathy Brown: 774 339-4987 | kathy@charlesryaninc.com
- Ariel Krauss: 818 590-9234 | ariel@charlesryaninc.com
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