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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

Cresco Labs Anticipates NYC's Massive Cannabis Demand With Strategic Move In Hudson Valley

Cresco Labs Cresco NYC

Cresco Labs (OTC:CRLBF) is redeveloping a former knife factory in Ulster County (two and a half hours from NYC), into a cannabis complex.

The complex will allow the cultivation, processing, packaging and distribution of cannabis to licensed dispensaries in NYC. “Cresco Labs is looking to secure a foothold in New York’s potentially massive cannabis market,” reported regional media.
As major cannabis companies position themselves to supply New York’s legal cannabis market, small towns can reap some economic benefits.

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