Teamsters Reach Monumental Contract With A Large Cannabis Operator, And This Is Just The Beginning
Portfolio Pulse from Nina Zdinjak
Cannabis consultants and agents-in-charge at two Chicago-based dispensaries operated by Zen Leaf, a subsidiary of Verano (OTCQX:VRNOF), have ratified their first collective bargaining agreements with Teamsters Local 777. This comes less than a month after reaching tentative agreements at Zen Leaf dispensaries in Chicago and Schaumburg, Ill. Verano is the third multi-state operator that Local 777 has successfully bargained agreements with. Other recent Teamsters activity includes wellness advisors and other cannabis workers at Sunnyside, a subsidiary of Cresco Labs (OTCQX:CRLBF), voting to join Teamsters Local 777.
August 15, 2023 | 11:00 am
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NEUTRAL IMPACT
Wellness advisors and other cannabis workers at Sunnyside, a subsidiary of Cresco Labs, have voted to join Teamsters Local 777, potentially leading to improved labor relations.
The decision of Sunnyside's workers to join Teamsters Local 777 could lead to improved labor relations and potentially increased productivity. However, it could also lead to increased labor costs. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Verano's subsidiary, Zen Leaf, has ratified its first collective bargaining agreements with Teamsters Local 777, potentially leading to improved labor relations.
The ratification of the collective bargaining agreements could lead to improved labor relations and potentially increased productivity. However, it could also lead to increased labor costs. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80