The Herald-News quotes Quantum 9 CEO Michael Mayes. Mayes predicts if Cresco Labs will survive their troubles. The Illinois cannabis industry has grown recently. But, it is still hard to be successful.
Medical Cannabis Industry
Cresco Labs is one of the biggest cannabis growers. They have won three cultivation permits. That is more than any other company. Cresco had the highest scores on applications. They said it’s because of cannabis consulting.
The founders are from the real estate industry. It is also a high stakes industry. They entered the cannabis industry because of the benefits for cancer patients. It hits close to home. Founder Joe Caltabiano survived leukemia .
The career switch was surprising to their family. As a result, Rob Sampson had to explain to his daughter. Others had to tell parents and in-laws. It was still a taboo industry. Because the industry is still a mystery. It has become normal, though. Many states have made it legal.
The company was in legal trouble. The lawsuit came from unsuccessful applicants. The owners didn’t think they could continue because of the litigation. The company was successful, anyway.
The Illinois pilot program expired in 2017. The company didn’t think it would get renewed. At the end of 2017 the program was renewed. Finally, it was approved for adult use this year.
Mayes predicted that the company would succeed. The company had done well already. They are the biggest in the Illinois cannabis industry. So, they had a lot to focus on.
Surprisingly, many companies in Colorado failed. It was hard to prepare for the cannabis industry. Thankfully, you can now hire a cannabis consultant to help.
Cresco Labs wanted to open a new grow facility. So, they were able to with the help of cannabis consulting companies. A cannabis consulting company can help make the process easier. Experience makes sure that everything is done right.
You can find the article here.
Articles on Cannabis in Illinois