One of the largest marijuana companies in the country landed one of the most lucrative medical cannabis licenses in Kentucky, renewing concerns that out-of-state companies were able to game the state's lottery process with a flood of expensive applications.
Chicago-based Cresco Labs held a ribbon cutting ceremony last week in Winchester with Gov. Andy Beshear, showing off the large facility where they plan to grow medical marijuana.
In March, Cresco announced its management services agreement with the owner of a Tier 3 cultivator license in Kentucky, making it the ninth state it is doing business in as marijuana growers, processors or dispensaries. A company called KSKYAPP LLC won the license through a state-administered lottery in October, allowing it to operate one of the two largest cultivation facilities in the state.
Who specifically owns the LLC that owns this cultivator license? Kentucky Public Radio asked Beshear, Cresco CEO Charlie Batchell and Kentucky Office of Medical Cannabis Executive Director Sam Flynn that question at the April 22 event in Winchester, but neither said they were sure.
Read more at WKU