This story was republished from Crain Chicago.
Overcoming a legal hurdle facing most landlords, Verano Holdings is poised to become the first major cannabis company to rent office space in a top-tier building in Chicago.
One of Chicago’s publicly traded marijuana companies is close to leasing space for a new headquarters in River North, a potential breakthrough for cannabis firms that have struggled to find landlords willing or able to sign them to office deals.
Verano Holdings (OTC: VRNOF) is in advanced talks to sublease roughly 24,000 square feet at 515 N. State St., according to multiple people familiar with the negotiations. The deal would mark an expansion and relocation from its current headquarters in the vintage loft office building at 415 N. Dearborn St.
Crain’s reporter John Pletz contributed.