Chicago-based Cresco Labs is more than doubling its workforce in Illinois as the multistate operator prepares for the Jan. 1 launch of recreational cannabis sales in the state.
The company, expected to close its acquisition of Canada-based distributor Origin House by Nov. 15, said it is hiring more than 300 people in its home state in a number of areas, including cultivation and production, Chicago TV station CBS 2 reported.
The news comes as several companies in the cannabis industry are slashing their workforce amid missed revenue targets and a lack of profitability.
Cresco trades on the Canadian Securities Exchange as CL.
More details on the Cresco hiring can be found here.
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