- The Company adds a flagship dispensary in Chicago’s vibrant West Loop neighborhood
- Strengthens Verano’s vertically integrated presence in Illinois, one of the largest cannabis markets in the U.S.
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.