Cresco Labs becomes latest operator to bail on California weed sector

Mugglehead
By Rowan DunneJul 24, 2025, 6:42 am138 ptsTrendingTop
Cresco Labs Inc (CNSX: CL) (OTCMKTS: CRLBF) (FRA: 6CQ) has become the latest public cannabis cultivator to shutter its operations in California due to economically unfeasible market conditions. In a news release on Monday, the multi-state operator announced plans to sell its Santa Rosa cultivation and…

Read Article Share
Share Article
- email
- twitter
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on NewsBudz

Marijuana And CBD Provide ‘Significant Symptom Relief’ For Inflammatory Bowel Disease Patients, Federally Funded Study Finds 78

DEA Judge Overseeing Cannabis Rescheduling Process Retires 77

Kentucky Governor Urges Trump To Oppose Bill Blocking Marijuana Rescheduling That’s Advancing In Congress 76

Bipartisan Coalition Of 32 Attorneys General Pushes Congress To Urgently Pass Marijuana Banking Bill 76

GOP Senator Threatens To Block Spending Bill If Hemp THC Product Ban Stays In, Sources Say 72

Mold in cannabis is not a significant public health risk 72

Canadian cannabis sales hit record high in May, latest data shows 70

Rethinking the Cannabis Exit: Darren Gleeman on Tax Strategy, Exits, and Employee Ownership 69

About NewsBudz

NewsBudz is your go-to app for daily cannabis news, covering everything from medical marijuana breakthroughs to recreational cannabis trends and legalization updates.

Our platform aggregates content from over 30 top-tier cannabis news outlets to deliver a curated stream of the latest headlines, insights, and developments across the marijuana and hemp industries.

Whether you're interested in policy reform, health research, cannabis business, CBD, delta 9 products or lifestyle stories, NewsBudz keeps you informed and connected. Accessible on the web and mobile, NewsBudz makes it easy to explore, read, and share cannabis news anytime, anywhere.