U.S, June 8, 2020 (CANNABISBUSINESSTIMES) The company can now produce cannabis products and oil extracts in the state as it continues its Midwest expansion.
CHICAGO, June 8 2020, (BUSINESS WIRE) -PRESS RELEASE- Cresco Labs, a multi-state cannabis operator based in Chicago, Ill., announced that it has been granted a provisional processing license by the state of Ohio. The license allows Cresco to extract oils and manufacture products from cannabis which will allow Cresco to sell more of its brands Ohio.
“[Cresco has] established leading positions in Illinois and Pennsylvania, the fifth and sixth most populous states in the country, and we are now substantially increasing our position in Ohio, the seventh most populous state,” said Charlie Bachtell, CEO and co-founder of Cresco Labs. “Our company currently only sells flower into 60% of Ohio’s dispensaries, and we’re excited to introduce our House of Brands and full suite of products, including vape pens, concentrates and edibles, to patients in the state.”
Cresco has 25,000 square feet of cultivation, currently undergoing upgrades. On closing of the announced acquisition and approval by the Ohio Board of Pharmacy, Cresco will have a total of five dispensaries in Ohio – the maximum allowed by the state.
