Cresco Labs

Leaders from the cannabis industry gathered at the virtual Benzinga Cannabis Capital Conference on Tuesday to share ideas on how social equity initiatives can bring restorative justice to communities affected by cannabis prohibition. The panel was moderated by Last Prisoner Project...

Financial analysis firm Cantor Fitzgerald released a report on Wednesday which estimates that Arizona, New Jersey, New York, Pennsylvania and Connecticut will legalize recreational cannabis sales in the next two years. Analyst Pablo Zuanic calculates that these new states will add $3.5 billion in...

Cresco Labs (CSE: CL) (OTCQX: CRLBF) has sold a Fall River, Massachusetts-based property to Innovative Industrial Properties Inc. (NYSE: IIPR) for $28.8 million. The property covers 118,000 square-feet of industrial space, including cultivation space, a processing...

Multistate cannabis company Cresco Labs (CSE: CL) (OTCQX: CRLBF) confirmed Wednesday that it will open a sixth Illinois dispensary. Sunnyside Danville is touted as the first adult-use-only retail location in eastern Illinois. Starting May 27, the new store,...

Cresco Labs (CSE: CL) (OTC: CRLBF) announced it has made a significant expansion of its cultivation and manufacturing facilities located in Brookville, Pennsylvania.  This project expands its cultivation area from 22,000 square feet to a massive 88,000 square feet greenhouse area. ...

First discovered in the 1960s, Cannabigerol (CBG), a once rare, non-psychoactive molecule from which hundreds of other cannabinoids are derived, recently gained momentum as more companies and brands like Avicanna Inc. (OTC: AVCNF) learn of the molecule’s therapeutic benefits in over-the-...

Cantor Fitzgerald released a report Monday after a conversation with Cresco Labs’ (OTC: CRLBF) management team. The firm is bullish on the MSO, but nonetheless adjusted its 12-month price target from $12 to $10 due to sector valuation compression. Cantor is reaffirming its "offer...

“Social equity in cannabis has to look like America.” That’s how Steve Hawkins, executive director of the Marijuana Policy Project, kicked off a conversation on social equity this week at the Benzinga Cannabis Capital Conference at the Fountainbleau Miami Beach.  Benefiting...

Here are the highlights of the upcoming week in the cannabis industry. MJ To Pay Dividend ETFMG Alternative Harvest ETF (NYSE: MJ), one of the largest cannabis ETFs on the market, on Wednesday will pay a quarterly dividend of 28 cents per share to shareholders of record as of the close of business...

Cresco Labs (OTC: CRLBF) is strengthening its presence in California and other markets through the acquisition of Origin House, which is the trade name for CannaRoyalty Corp (OTC: ORHOF). The value of the all-stock transaction is estimated at C$1.1 billion (about $825 million USD), which makes it...

Chicago-based cannabis cultivator, processor and retailer Cresco Labs (OTC: CRLBF) is launching a subsidiary focused on hemp-derived CBD wellness products that will allow the company to expand across all 50 U.S. states. What Happened The subsidiary, Well Beings, will provide a full line...

Cresco Labs (OTC: CRLBF) will be the first to open a medical marijuana dispensary in Ohio. On Dec. 13, state authorities approved Cresco's dispensary in the village of Wintersville. What Happened Cresco Labs is one of the largest vertically integrated cannabis operators in the U.S. Its first...

It was another busy week for the cannabis industry, with Aurora Cannabis Inc (OTC: ACBFF) applying to list on the New York Stock Exchange, tobacco giant Altria Group Inc. (NYSE: MO) reportedly showing interest in in Aphria Inc.  (OTC: APHQF), and Walmart Inc (NYSE: WMT...

The cannabis industry's growing competitive landscape means companies must stand out in some way to succeed. At a Benzinga Cannabis Capital Conference panel hosted by Grant Thornton's Shaila Mehta, Cresco Labs CEO Charlie Bachtell said one of his company's keys to success is focusing on...

Cannabis investors can't afford to miss the Benzinga Cannabis Capital Conference, a premier gathering of investors and entrepreneurs painting an honest picture of the opportunities and challenges in cannabis investing. Space is limited—get your tickets before they sell out. Ahead of the...