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In October 2021, Cresco Labs announced the acquisition of Pennsylvania operator, Laurel Harvest, for $80 million. The transaction is expected to close in the 4th quarter of 2021. [22] In March 2022, Cresco Labs announced the acquisition of New York-based cannabis firm, Columbia Care, for $2 billion in an all-stock transaction.
The legal cannabis industry in New York is expected to soar in 2025, with state regulators projecting the number of new licensed pot stores will more than double from 275 to more than 625.
[2] [3] [4] The law also resulted in previous marijuana-related criminal records in the state of New York being expunged. [5] As of October 2021, New York State prohibited employers from testing both prospective and current employees for cannabis use or otherwise discriminating against employees who use cannabis outside of work hours. [6] [7]
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