US cannabis company Cresco Labs has called again for federal reform of cannabis legislation after recording a positive performance last year “despite the headwinds” and the uncertainties of the existing regulatory framework.
The Chicago-based company reported revenue of $843m, an increase of 3% year-on-year, with 61m branded units sold, up 37% from a year earlier, and 4.6m retail transactions, up 15% compared to 2021. It also recorded an adjusted gross profit of $90m, or 45% of revenue.
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.
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