v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule Of Wholly-Owned Or Controlled Entities The following are Cresco Labs’ wholly-owned or controlled entities as of December 31, 2025:
EntityLocationPurposePercentage
Held
Cresco Labs Inc.British Columbia, CanadaParent Company
Cali-Antifragile Corp.CaliforniaHolding Company100%
River Distributing Co., LLCCaliforniaHolding Company100%
Cub City, LLCCaliforniaCultivation100%
CRHC Holdings Corp.Ontario, CanadaHolding Company100%
Cannroy Delaware Inc.DelawareHolding Company100%
Laurel Harvest Labs, LLCPennsylvaniaCultivation and Dispensary Facility100%
JDRC Mount Joy, LLCIllinoisHolding Company100%
JDRC Scranton, LLCIllinoisHolding Company100%
Bluma Wellness Inc.British Columbia, CanadaHolding Company100%
Cannabis Cures Investments, LLCFloridaHolding Company100%
3 Boys Farm, LLCFloridaCultivation, Production and Dispensary Facility100%
Farm to Fresh Holdings, LLCFloridaHolding Company100%
Cresco U.S. Corp.IllinoisHolding Company100%
Keystone Integrated Care, LLC PennsylvaniaDispensary100%
Arizona Facilities Supply, LLCArizonaHolding Company100%
Cresco Labs Michigan Management, LLCMichiganHolding Company100%
MedMar Inc.IllinoisHolding Company100%
MedMar Lakeview, LLCIllinoisDispensary88%
MedMar Rockford, LLCIllinoisDispensary75%
Gloucester Street Capital, LLCNew YorkHolding Company100%
Valley Agriceuticals, LLCNew YorkCultivation, Production and Dispensary Facility100%
Valley Agriceuticals Real Estate New YorkHolding Company100%
JDRC Ellenville, LLCIllinoisHolding Company100%
CMA Holdings, LLCIllinoisHolding Company100%
BL Real Estate, LLCMassachusettsHolding Company100%
BL Pierce, LLCMassachusettsHolding Company100%
BL Uxbridge, LLCMassachusettsHolding Company100%
BL Main, LLCMassachusettsHolding Company100%
BL Burncoat, LLCMassachusettsHolding Company100%
BL Framingham, LLCMassachusettsHolding Company100%
BL Worcester, LLCMassachusettsHolding Company100%
Cultivate Licensing LLCMassachusettsHolding Company100%
Cultivate Worcester, Inc.MassachusettsDispensary100%
Cultivate Leicester, Inc.MassachusettsCultivation, Production and Dispensary Facility100%
Cultivate Framingham, Inc.MassachusettsDispensary100%
Cultivate Cultivation, LLCMassachusettsCultivation and Production Entity100%
High Road Holdings LLCDelawareHolding Company100%
SPS Management, LLCDelawareHolding Company100%
Strategic Capital and Management Services, LLC1
IllinoisDispensary0%
Altus Global, LLCDelawareHolding Company100%
Altus, LLCDelawareHolding Company100%
GoodNews Holdings, LLCIllinoisLicensing Company100%
Wonder Holdings, LLCIllinoisLicensing Company100%
JDRC Seed, LLCIllinoisEducational Company100%
CP Pennsylvania Holdings, LLCIllinoisHolding Company100%
Bay, LLCPennsylvaniaDispensary100%
Bay Asset Management, LLCPennsylvaniaHolding Company100%
Ridgeback, LLCColoradoHolding Company100%
Cresco Labs Texas, LLCTexasHolding Company100%
EntityLocationPurposePercentage
Held
CL Kentucky HoldCo, LLCDelawareHolding Company100%
CL Kentucky Cultivation, LLCDelawareCultivation Entity100%
CL Kentucky Processing, LLCDelawareProduction Entity100%
CL Kentucky Dispensing, LLCDelawareDispensary100%
Cresco Labs, LLCIllinoisOperating Entity66%
IP CL, LLCDelawareHolding Company100%
Cresco Labs Ohio, LLCOhioCultivation, Production and Dispensary Facility99%
Cresco Labs Notes Issuer, LLCIllinoisHolding Company
Wellbeings, LLCDelawareCBD Wellness Product Development100%
Cresco Labs SLO, LLCCaliforniaHolding Company100%
SLO Cultivation Inc.CaliforniaHolding Company80%
Cresco Labs Joliet, LLCIllinoisCultivation and Production Facility100%
Cresco Labs Kankakee, LLCIllinoisCultivation and Production Facility100%
Cresco Labs Logan, LLCIllinoisCultivation and Production Facility100%
Cresco Labs PA, LLCIllinoisHolding Company100%
Cresco Yeltrah, LLCPennsylvaniaCultivation, Production and Dispensary Facility100%
Strip District Education CenterPennsylvaniaHolding Company100%
JDC Newark, LLCOhioHolding Company100%
Verdant Creations Newark, LLCOhioDispensary100%
Strategic Property Concepts, LLCOhioHolding Company100%
JDC Marion, LLCOhioHolding Company100%
Verdant Creations Marion, LLCOhioDispensary100%
Strategic Property Concepts 4, LLCOhioHolding Company100%
JDC Chillicothe, LLCOhioHolding Company100%
Verdant Creations Chillicothe, LLCOhioDispensary100%
Strategic Property Concepts 5, LLCOhioHolding Company100%
JDC Columbus, LLCOhioHolding Company100%
Care Med Associates, LLCOhioDispensary100%
PDI Medical III, LLCIllinoisDispensary100%
Phoenix Farms of Illinois, LLCIllinoisDispensary100%
FloraMedex, LLCIllinoisDispensary100%
Cresco Edibles, LLCIllinoisHolding Company100%
TSC Cresco, LLCIllinoisLicensing75%
Cresco HHH, LLCMassachusettsCultivation, Production and Dispensary Facility100%
Cresco Labs Missouri Management, LLCMissouriHolding Company100%
JDRC Acquisitions, LLCIllinoisHolding Company100%
JDRC 7841 Grand LLCIllinoisHolding Company100%
JDRC Lincoln, LLCIllinoisHolding Company100%
JDRC Danville, LLCIllinoisHolding Company100%
JDRC Kankakee, LLCIllinoisHolding Company100%
JDRC Brookville, LLCIllinoisHolding Company100%
Cresco Labs Michigan, LLC2
MichiganCultivation and Production Facility85%
1See Note 17 “Variable Interest Entities” for additional information.
2Legally, Cresco Labs Michigan, LLC is 42.5% owned by a related party within management of the Company.
Schedule of Property, Plant and Equipment
CategoryEstimated
Useful Life
Leasehold Improvements 
1 - 16 years
Machinery and Equipment 
5 - 15 years
Furniture and Fixtures 
3 - 7 years
Vehicles 
5 years
Website and Software 
3 years
Computer Equipment 
3 - 5 years
Buildings and Building Improvements 
5 - 39 years
Property and equipment as of December 31, 2025 and December 31, 2024 consisted of the following:
($ in thousands)December 31, 2025December 31, 2024
Land and Buildings$213,171 $209,668 
Machinery and Equipment42,905 44,347 
Furniture and Fixtures47,745 43,054 
Leasehold Improvements170,849 183,522 
Website, Computer Equipment and Software11,975 11,853 
Vehicles2,678 2,784 
Construction In Progress22,988 12,037 
Total property and equipment, gross512,311 507,265 
Less: Accumulated depreciation(185,119)(162,419)
Property and equipment, net$327,192 $344,846 
The following table reflects depreciation expense related to property and equipment for the years ended December 31, 2025 and 2024:
Year Ended December 31,
($ in thousands)20252024
Depreciation expense included in cost of goods sold and ending inventory$26,313 $28,648 
Depreciation expense included in selling, general, and administrative expense14,416 15,547 
Total depreciation expense$40,729 $44,195 
The following table reflects depreciation expense capitalized to cost of goods sold and depreciation expense capitalized to ending inventory for the years ended December 31, 2025 and 2024:
Year Ended December 31,
($ in thousands)20252024
Capitalized expense included in cost of goods sold$25,664 $33,299 
Capitalized expense to inventory for prior periods8,345 12,795 
Schedule of Finite-Lived Intangible Assets
CategoryEstimated
Useful Life
Customer Relationships
7 - 8 years
Permit Application Fees
1 - 2 years
Intangible assets consisted of the following as of December 31, 2025 and December 31, 2024:

December 31, 2025December 31, 2024
($ in thousands)Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Definite-Lived Intangible Assets:
Customer Relationships$30,600 $(19,150)$11,450 $31,300 $(15,736)$15,564 
Trade Names1,400 (1,400)— 2,100 (1,750)350 
Permit Application Costs4,488 (3,123)1,365 20,699 (18,270)2,429 
Other Intangibles
4,917 (4,917)— 6,013 (6,013)— 
Indefinite-Lived Intangible Assets:
Licenses262,527 — 262,527 275,651 — 275,651 
Total Intangible Assets$303,932 $(28,590)$275,342 $335,763 $(41,769)$293,994