Cresco looks for Kentucky boost, takes hard pass on New York retail
Green Market Report
Wed, Mar 12
Key Points
- Cresco Labs is not rushing to open recreational cannabis retail stores in New York, but is planning to enter Kentucky's medical marijuana market.
- The company's CEO, Charlie Bachtell, expressed excitement about the opportunity to participate in Kentucky's medical cannabis industry.
- Cresco Labs discussed their quarterly earnings during the call, highlighting their strategic approach to expansion into new markets.
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Illinois-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) isn’t rushing to open recreational retail cannabis sales in New York anytime soon, but is “excited” about its entrance into Kentucky’s medical marijuana scene this coming year, company leadership said during the quarterly earnings call Wednesday.
CEO Charlie Bachtell repeatedly referred to the Kentucky...
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