Cresco Labs Stock Down 8% Despite Receiving Illinois Approval

Cresco Labs Stock

Cresco Labs stock is down over 8% today despite the company receiving approval for three new cultivation facilities in Illinois.

First Such Approval in Illinois

Cresco Labs IncĀ (CSE:CL) (OTCQX:CRLBF) confirmed this morning that it had received regulatory approval from the Illinois Department of Agriculture to grow adult-use cannabis at three sites located in Joliet, Kankakee, and Lincoln. Once completed, the three sites will represent a combined cultivation space of 630,000 square feet. This approval is also the first of its kind handed out by the state of Illinois, where recreational cannabis will be legalized on ...

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