Cresco Labs Inc., one among the largest and vertically integrated operators for multistate cannabis in the U.S., today announced about the approval of 3 cultivation facilities to be created at Illinois State. These facilities have actually been approved by the Illinois Department of Agriculture for cultivating and growing the cannabis for adult-use.
These three facilities are to be established at locations which include Kankakee, Lincoln, and Joliet. The total combination of these three facilities equates a total 630,000 sq.ft as per the state regulations listed by the Illinois State.
Charlie Bachtell, the CEO & Co-Founder of Cresco Labs mentioned that the company is pleased to acquire the approval for first of its kind adult-use cannabis to be legalized at Illinois. This speaks about the continual success and efficient execution of the strategic priorities for the company and cannabis cultivation for years to come.
This approval for cultivation facilities serve as the key milestone for preparation of legalization of the recreational cannabis at Illinois dated 1st January 2020. Bachtell also added that, his company being the only existing operator with 3 cultivation facilities, they will get a chance to streamline the cannabis-based capitalization.