Cresco Labs Commends Ohioans on Legalizing Adult-Use Cannabis
- Over 85% of the U.S. population lives in a state with some form of legal cannabis, and over 50% reside in a state with adult-use cannabis, marking a tipping point in cannabis legalization. The total U.S. cannabis market is estimated to exceed $100 billion in sales annually. Cresco Labs operates a 50,000 square foot cultivation and processing facility in Yellow Springs that distributes its industry-leading cannabis brands to approximately 60% of Ohio’s 111 operating medical dispensaries. The transition to adult-use sales is expected to increase the total annual run-rate to over $1 billion by 2025, according to Marijuana Business Daily.
- Ohio's adult-use program will be among the most regulated in the country, ensuring public safety with lab-tested products, child-resistant packaging, and age verification. The program is expected to provide a safe alternative to opioids and bring access to those who were unable to obtain relief through the current medical program. Ohio’s Cannabis Social Equity and Jobs program will contribute to employment and business opportunities, especially for those disproportionately impacted by the War on Drugs.
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More than half of the
Cresco Labs applauds cannabis legalization in
“It is clear when cannabis is on the ballot—people turn out to vote—and we commend the people of
The total
Ohio’s adult-use program will be among the most regulated in the country, ensuring public safety with lab-tested products, child-resistant packaging and age verification. This public health initiative will also provide a safe alternative to opioids that have ravaged the state and bring access to those who were unable to obtain relief through the current medical program. With 500,000 people currently employed in the
Cresco Labs was a first mover in Ohio’s medical program, and we look forward to helping launch the adult-use program with the distribution of our top-quality cannabis brands and the expansion of our Sunnyside Dispensaries.”
Ohio’s Issue 2 ballot measure gives current medical cannabis businesses a head start in the adult-use market. Regulators will begin issuing adult-use licenses to qualified applicants who operate existing medical operations within nine months of enactment.
Cresco Labs operates a 50,000 square foot cultivation and processing facility in
About Cresco Labs Inc.
Cresco Labs’ mission is to normalize and professionalize the cannabis industry through a CPG approach to building national brands and a customer-focused retail experience, while acting as a steward for the industry on legislative and regulatory-focused initiatives. As a leader in cultivation, production and branded product distribution, the Company is leveraging its scale and agility to grow its portfolio of brands that include Cresco, High Supply, FloraCal, Good News, Wonder Wellness Co., Mindy’s and Remedi, on a national level. The Company also operates highly productive dispensaries nationally under the Sunnyside brand that focus on building patient and consumer trust and delivering ongoing education and convenience in a wonderfully traditional retail experience. Through year-round policy, community outreach and SEED initiative efforts, Cresco Labs embraces the responsibility to support communities through authentic engagement, economic opportunity, investment, workforce development and legislative initiatives designed to create the most responsible, respectable and robust cannabis industry possible. Learn more about Cresco Labs’ journey by visiting www.crescolabs.com or following the Company on Facebook, X or LinkedIn.
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Jason Erkes, Cresco Labs
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312-953-2767
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Megan Kulick, Cresco Labs
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Source: Cresco Labs
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