Cresco Labs Facility in Winchester Kentucky
The $15.4 million facility aims to have products on the market by the end of the year. It’s housed in a former firearms and ammunition factory, and Cresco officials said they aim to employ about 100 workers at the facility when full-scale operations begin.
“I look forward to showing Kentucky residents why Cresco Labs’ portfolio is the most popular choice in both medical markets like Pennsylvania and adult use markets like Illinois. The Cultivation License allows for the construction of a state-of-the-art cultivation facility with up to 25,000 square feet of canopy, enabling us to deliver the quality and scale we are known for,” said Charlie Bachtell, CEO of Cresco Labs. “We’ve spent the last two years focused on solidifying the core and increasing our free cash flow. Kentucky is our first of many opportunities to reinvest that free cash flow back into high ROIC growth initiatives as we continue expanding into new markets.”
Kentucky’s medical cannabis program, launched on January 1, 2025, represents a significant milestone for the state. The program includes a maximum of 115,000 square feet of approved canopy space and 48 retail licenses, with industry analysts forecasting the market to generate over $135 million in revenue by 2026, growing to over $228 million by 20281 . The Cultivation License positions the Company at the forefront of this burgeoning market, with the opportunity to shape its growth and success.
