Cresco Labs

Cresco Labs is a cannabis cultivation and retail company founded in 2013 by Charlie Bachtell and headquartered in Chicago, Illinois. As one of the largest vertically integrated cannabis retailers in the United States, the company operated retail locations and cultivation facilities across multiple states including California, Arizona, Colorado, Pennsylvania, and Ohio. Cresco Labs filed for Chapter 11 bankruptcy in late 2024, reflecting industry-wide challenges including oversupply, price compression, and regulatory headwinds affecting US cannabis operators. The company's business model focused on branded cannabis products and a substantial multi-state retail footprint before entering bankruptcy proceedings.