Locke Lord was honored to partner with Cresco Labs for its inaugural Social Equity & Education Development (SEED) Incubator Series. This three-part series assisted participants by providing guidance, financial assistance and feedback from Cresco Labs to aid them in applying for a Conditional Adult Use Dispensing Organization License in Illinois. As part of the SEED incubator, Locke Lord advised the selected participants on cannabis law relating to their application efforts and also aided applicants with business entity formation and governance as pro bono clients.
Cresco Labs started to develop the SEED initiative back in early 2018. This is the first national social equity initiative in the cannabis industry. The SEED initiative promotes inclusion, expungement, equality, access and community engagement.
The first seminar took place on Tuesday, October 29, 2019. Irina Dashevsky, Emily Holpert and Akshita Singh attended on behalf of the Firm. The second seminar took place on Friday, November 22, 2019 at 1:00 pm and the final seminar was on Friday, December 6, 2019 at 1:00 pm.
Cresco Labs is one of the largest multi-state operators and is a vertically integrated cannabis company headquartered in Chicago, Illinois. Cresco Labs is operational in 11 states, has 23 production facilities, 56 retail licenses, and owns 22 dispensaries.
For more information on Cresco Lab’s SEED initiative, please click here.