Cresco closes in on approval to enter Michigan marijuana industry

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Cresco Labs, a Chicago-primarily based multistate cannabis operator, mentioned it received prequalification licensing approval to enter the Michigan cannabis industry.

The firm, which earlier this month mentioned it plans to obtain Florida-primarily based healthcare marijuana group VidaCann for $120 million, would have production and retail operations in 11 states when all outstanding applications are authorized.

Cresco has applied to develop a production and processing facility in a 100,000-square-foot former factory in Marshall, Michigan.

For additional specifics on Cresco’s approval in Michigan, click right here.

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