Cannabis Companies And Advocates Praise Ohioans After Hard-Fought Legalization Success
Portfolio Pulse from Maureen Meehan
Ohio voters have approved a ballot initiative to legalize adult-use cannabis. Industry leaders, including TILT Holdings (OTC:TLLTF) and Cresco Labs (OTCQX: CRLBF), have praised the decision. The legalization is expected to generate between $276.2 million and $403.6 million in annual tax dollars by the fifth year and create at least 3,300 jobs.
November 08, 2023 | 8:27 pm
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POSITIVE IMPACT
Cresco Labs, a cannabis company, may see potential growth opportunities following the legalization of adult-use cannabis in Ohio.
Cresco Labs, as a cannabis company, may benefit from the expanded legal market in Ohio, potentially leading to increased revenues and growth.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
TILT Holdings, already operating in Ohio, is expected to benefit from the legalization of adult-use cannabis.
TILT Holdings, already operating in Ohio's medical cannabis program, is expected to expand its customer base and increase revenues with the legalization of adult-use cannabis.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90