Cresco Labs Seeks $38 Million In Tax Breaks

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According to local media reports, Cresco labs Inc. (CRLBF) is seeking a $38 million tax break from Ulster County, New York, where it has plans to build a cannabis production and manufacturing site.

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The tax breaks include $28 million in property tax relief over 15 years and $10 million in relief on sales taxes for construction materials.

Cresco, which reportedly plans to begin construction in July, said the facility would create 375 permanent jobs.

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