Drive-thrus, VIP sales areas, consumption lounges – even separate rooms to buy cannabis growing equipment. All are features that businesses in the hotly competitive marijuana industry are incorporating into their… Continue reading Marijuana retailers add VIP rooms, consumption lounges, other amenities to woo customers
Category: Business
Arizona Releases Qualifying Residency Requirements for 26 Social Equity Cannabis Retail Licenses
Arizona’s 26 social equity licenses for adult-use cannabis dispensaries will be tied to applicants who have recently lived in qualifying ZIP codes, the state’s Department of Health Services (ADHS) announced… Continue reading Arizona Releases Qualifying Residency Requirements for 26 Social Equity Cannabis Retail Licenses
15 States That Could Legalize Cannabis in 2022
Cannabis policy reform is gaining momentum. At the federal level, a trio of senators unveiled the Cannabis Administration and Opportunity Act (CAOA) this summer to deschedule, tax and regulate cannabis, and the Secure and Fair Enforcement… Continue reading 15 States That Could Legalize Cannabis in 2022
Illinois Supreme Court orders consolidation of lawsuits by applicants challenging the recreational cannabis licensing process
The Illinois Supreme Court ordered the consolidation of lawsuits filed by cannabis dispensary license applicants in an attempt to resolve multiple claims challenging the fairness of the licensing process. At… Continue reading Illinois Supreme Court orders consolidation of lawsuits by applicants challenging the recreational cannabis licensing process
Cresco Labs Announces Approval for Tenth Illinois Dispensary in Naperville
The adult-use dispensary is located in one of the busiest shopping areas in Naperville, the third largest city in Illinois with approximately 150,000 residents. CHICAGO – September 22, 2020 —… Continue reading Cresco Labs Announces Approval for Tenth Illinois Dispensary in Naperville
Colorado marijuana sales blow past $200 million in July
Colorado cannabis sales set a record yet again in July, eclipsing $200 million in a single month for the first time. Dispensaries sold $183,106,003 in recreational marijuana and $43,268,565 in… Continue reading Colorado marijuana sales blow past $200 million in July
Cresco Labs Bolsters Leadership Team With Three Senior Promotions
David Gacom, Melissa Wagamon and Sean McAlister, who move into Regional President roles, will lead the business across the platform while strengthening the company’s geographic footprint CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF)… Continue reading Cresco Labs Bolsters Leadership Team With Three Senior Promotions
Cresco Labs Announces Accelerating Revenue and Increasing Operating Leverage in Record Second Quarter 2020 Results
Record revenue of $94.3 million, 42% growth QoQ 30+% sequential revenue growth in all of the Company’s U.S. markets except Massachusetts Record adjusted EBITDA1 of $16.5 million, 419% growth QoQ Reduced… Continue reading Cresco Labs Announces Accelerating Revenue and Increasing Operating Leverage in Record Second Quarter 2020 Results