Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or “the Company”), a leading multi-state cannabis company, today announced the opening of Zen Leaf West Loop, the first Zen Leaf to open within the City of Chicago. The new flagship dispensary, located at 222 South Halsted Street, is situated in an iconic Chicago neighborhood renowned for its dynamic dining and hospitality destinations. The area, which has experienced tremendous commercial and residential growth over the last several years, is home to some of Chicago’s best restaurants and boutique hotels.
“We’re excited to open the doors on Zen Leaf’s first dispensary in Chicago, and to be able to create jobs and generate retail activity in the West Loop,” said George Archos, Co-Founder and CEO of Verano. “Illinois’ cannabis market continues to experience significant growth as the economy reopens. We’re hopeful that Zen Leaf West Loop will be a retail destination that helps drive foot traffic to assist the neighborhood’s hospitality industry bouncing back after a very challenging year.”
Zen Leaf West Loop is located on Chicago’s historic Halsted Street, between Adams Street & Jackson Boulevard. Business hours are 9:00 am – 9:00 pm, Monday through Thursday, 9:00 am – 10:00 pm on Friday & Saturday, and 10:00 am – 6:00 pm on Sunday. Online orders can be placed via www.zenleafdispensaries.com for same-day, in-store pickup.
The Illinois adult-use cannabis market is expected to grow significantly again this year after topping $1 billion of combined medical and recreational sales during its first year. According to State officials, Illinois set a new monthly adult-use revenue record in April, with nearly $115M of sales.1 At maturity, annual cannabis sales in Illinois are projected to reach $2-4 billion.2
1 Sales figures from the Illinois Department of Financial and Professional Regulation.
2 Per Marijuana Business Daily, Illinois is projected to be a $2-4 billion market at maturity.
About Verano
Verano Holdings Corp. is a leading, vertically-integrated, multi-state cannabis operator in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products. With a mission to address vital health and wellness needs, Verano produces a comprehensive suite of premium, innovative cannabis products sold under its trusted portfolio of consumer brands: Verano, Avexia, Encore, and MÜV™. The company’s portfolio encompasses 14 U.S. States, with active operations in 11, which includes nine production facilities comprising approximately 770,000 square feet of cultivation. Verano designs, builds, and operates dispensaries under retail brands Zen Leaf™ and MÜV™, delivering a superior cannabis shopping experience in both medical and adult-use markets. Learn more at www.verano.com.
