Cannabis Grower Verano Boasts Industry-Leading Profit Margins. What Comes Next.

By Bill Alpert

Chicago-based Verano Holdings was supposed to become a publicly-held cannabis producers two years ago, when it agreed to merge with Harvest Health and Recreation. But the deal died last year, after delays in regulatory approvals and a 90% plunge in the shares of Harvest and other cannabis companies.

Verano finally came public in February, by merging with a shell company in Canada in the roundabout maneuver forced upon state-licensed marijuana operations by the lingering federal illegality of their product in the U.S.

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