Cresco Labs Launches First Industry-Defining Incubator Program for Illinois Adult-Use Market Dispensary Applicants

Cresco Labs CEO and Co-Founder Charlie Bachtell announces participants in the Company’s first Community Impact Incubator class (Photo: Business Wire)More


Program provides actionable, expert guidance to bring inclusivity to Cannabis Industry

Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CL.CN) (CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, announced the official kickoff of its community impact incubator program, part of its SEED (Social Equity and Educational Development) initiative, in Illinois today. As the cannabis industry’s first comprehensive incubator program, it is designed to provide qualifying social equity applicants with the resources, knowledge, and guidance needed to successfully apply for dispensary licenses in the Illinois cannabis program. Less than one week into the program’s first phase, Cresco Labs is currently engaging 35 groups of applicants – totaling 130 participants – looking to establish businesses in the Illinois cannabis space.

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Phase one of Cresco’s SEED incubator program is comprised of seminar-style sessions during which accepted participants are equipped with key learnings, best practices and one-on-one guidance from some of the most knowledgeable experts in the regulated cannabis industry. The application series covers general processes including developing an

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