The 1937 Group, Ltd., is the first minority-owned, vertically integrated cannabis company based in Chicago, and as such, is committed to creating opportunities for others whose voices often get overlooked. The company currently has ownership of several Illinois cannabis licenses, including Retail, Cultivation and Transportation. The name 'The 1937 Group' is inspired by the Marihuana Act of 1937, which fueled pervasive racial discrimination against Mexican-Americans and Blacks, and widespread imprisonment for what is now a legal activity in the majority of the United States.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 08/30/22 | $17,000,000 | Venture Debt & Equity |
SGG Enterprises LLC | undisclosed |
