Cresco Labs

As the cannabis industry faces increasing pressure, optimism is building around the potential for federal cannabis rescheduling. During an interview at the recent Benzinga Cannabis Capital Conference, Cresco Labs CEO Charlie Bachtell spoke about the impact of rescheduling, highlighting it as the...

A new campaign ad supporting Florida’s Amendment 3, which aims to legalize recreational marijuana, features Republican Sen. Joe Gruters addressing critics of the measure.  Titled "Blowing Smoke," the ad counters claims from Governor Ron DeSantis, who opposes the amendment and has sparked...

Michigan's cannabis market is experiencing a major transformation, with retail sales surging while flower prices continue to drop. As MJBizDaily reported, since the start of adult-use sales in December 2019, the average retail price for an ounce of marijuana flower has plummeted by more than 80%,...

Despite trading at a discount to its peers, this company is well-positioned to benefit from various dynamics, presenting a potential opportunity for investors. A Monday morning note from Zuanic & Associates, rates Cresco Labs (OTC:CRLBF) as “Overweight” among the top five multi-...

The Benzinga Cannabis Capital Conference, scheduled for October in Chicago, is set to be a standout event in the cannabis industry calendar. This conference will feature an impressive roster of industry leaders and innovators, each bringing their own perspective to the forefront of cannabis...

As the cannabis industry continues to blossom, it becomes increasingly important to spotlight those at the forefront of the green revolution. In this evolving landscape, visionaries are emerging, shaping the industry, societal perceptions and legal frameworks. Here are the stories and...

In the latter half of 2023, significant shifts occurred within the cannabis industry as major multistate operators (MSOs) streamlined their operations. Companies like Florida’s Trulieve Cannabis Corp (OTCQX:TCNNF) and Chicago’s Cresco Labs Inc (OTCQX:CRLBF) have strategically exited...

The Department of Health and Human Services (HHS) suggested the DEA reclassify cannabis as a Schedule III controlled substance under federal law. Assistant Secretary for Health Rachel Levine's letter triggered a much-needed rally in cannabis stocks. In a recent analyst note, a...

Some of America's largest multi-state operators (MSOs) experienced growth in employee headcounts in 2022, despite reports of layoffs across the cannabis industry. Companies such as Ascend Wellness Holdings (OTCQX: AAWH), TerrAscend Corp. (OTCQX: TRSSF), Ayr Wellness (OTCQX: AYRWF), and...

Oregon Congressman Earl Blumenauer is taking another shot at passing the Small Business Tax Equity Act, a bill that aims to amend an IRS code to allow state-legal cannabis businesses to take federal tax deductions. Blumenauer, a House member who founded the Congressional Cannabis Caucus,...

Marjorie Taylor Greene, a controversial MAGA lawmaker and Georgia Congresswoman, has once again made headlines with her recent comments on the legalization of marijuana in New York City. Greene claims that during her recent trip to Manhattan — which she made to support former U.S....

Most U.S. cannabis multistate operators reported modest to significant year-over-year revenue gains. Among the companies with the highest revenue in the third quarter were Curaleaf Holdings (OTC: CURLF) with $339 million followed by Trulieve Cannabis (OTC: TCNNF) with $300 million. In a...

Multistate cannabis operator Cresco Labs (OTC: CRLBF) will be an anchor partner in the Cannabis Innovation Lab, a venture launched at Chicago startup house 1871 to foster entrepreneurship and innovation in the city’s cannabis industry. Cresco will provide technical assistance to new licensees...

Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) reported its financial and operating results for the third quarter ended September 30, 2022. About Q3 2022: Quarterly Revenue of $133 Million, an Increase of 2.4% QoQ Gross Profit of $52 Million, an Increase of 2.5% QoQ Adjusted...

This week, an entity owned and controlled by Sean “Diddy” Combs known as Combs Enterprises announced the signing of definitive agreements to acquire certain cannabis assets in New York, Illinois and Massachusetts from Cresco Labs (OTCQX: CRLBF) (CSE:CL) and Columbia Care (OTCQX:...