Verano Holdings Corp. Secures Highly Coveted License To Expand Operations In Alabama
Portfolio Pulse from Joana Scopel
Verano Holdings Corp. has secured an Integrated Facility License in Alabama, allowing it to operate a cultivation and processing facility and five retail cannabis dispensaries. The Alabama cannabis market is projected to reach sales of up to $695 million by 2028.

June 13, 2023 | 12:11 am
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Verano Holdings Corp. secures a license to expand operations in Alabama, potentially tapping into the state's growing cannabis market, projected to reach $695 million by 2028.
Verano Holdings has secured a highly sought-after Integrated Facility License in Alabama, allowing it to operate a cultivation and processing facility and five retail cannabis dispensaries. This expansion strengthens the company's national presence and positions it to capitalize on the growing Alabama cannabis market, which is projected to reach sales of up to $695 million by 2028. This news is likely to have a positive short-term impact on the company's stock price.
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