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Cresco Labs

Cannabis cultivation, processing, and retailing

Senior Tax Manager

Full-TimePosted on 10/16/2026
$145k - $165k+ Annual discretionary bonus + Stock options
Expert
Bachelor's, Master's
Chicago, IL, USA
In Person
AccountingTax Accounting
No H1B Sponsorship

About the job

Requirements
  • A bachelor's degree in accounting or a business degree with an accounting concentration.
  • At least 8 years of tax experience in public accounting or relevant corporate tax, including 8 or more years of federal and state corporate and partnership income tax compliance experience and at least 5 years of tax provision experience under ASC 740.
  • Experience managing and developing tax professionals.
  • Experience with OneSource Tax Provision or comparable software.
  • Experience with financial accounting systems.
  • Advanced proficiency in Microsoft Excel and Microsoft Office.
  • Ability to research complex tax issues, work within a team to identify solutions, and communicate recommendations clearly and promptly.
  • Ability to work in a highly regulated, evolving, multi-entity environment with complex tax structures.
  • Ability to communicate effectively with cross-functional company departments and external participants.
  • Analytical skills, attention to detail, and ability to synthesize data into actionable insights.
  • Ability to work independently in a highly organized manner.
  • Must be at least 21 years of age to apply.
  • Must comply with all legal or company regulations for working in the industry.
  • Must be legally authorized to work in the United States permanently without current or future sponsorship.
Responsibilities
  • Oversee and approve the quarterly and annual income tax provision under US GAAP, coordinating in-house and external resources.
  • Ensure accuracy and completeness of current and deferred income tax reporting, including tax account balance reconciliations, tax basis balance sheet adjustments, valuation allowance analyses, and deferred tax asset and liability rollforwards.
  • Review uncertain tax positions with advisors in light of legal and regulatory changes.
  • Prepare and review technical income tax provision research and documentation.
  • Manage disclosures for quarterly and annual public filings, including monitoring and planning for changes to technical requirements.
  • Approve quarterly tax accounting journal entries and ensure appropriate review and sign-off.
  • Ensure tax account reconciliations are maintained in BlackLine or comparable software.
  • Coordinate with corporate accounting to ensure proper tax reporting under US GAAP, including presenting the tax perspective at quarterly financial reporting coordination meetings.
  • Interface with the external audit firm and assist with data requests and technical questions.
  • Oversee preparation and review of annual US federal, state, local, and foreign income tax returns, including Forms 1120, 1065, 5471, 5472, and related state income tax forms.
  • Coordinate tax return work with internal staff and outsourcing firms.
  • Ensure quality and accuracy of workpapers, schedules, calculations, federal tax return filings, estimated tax payments, extension payments, and tax sharing agreements.
  • Partner with Treasury and Financial Planning & Analysis leadership on tax forecasting, cash tax planning, and effective tax rate management.
  • Direct research and analysis of complex tax issues and review and approve memorandums documenting tax treatment and related reporting.
  • Oversee external-facing reports for investors and partners and present tax matters to investors and senior leadership as needed.
  • Support the income tax team's audit and notice processes with the IRS and state and local taxing jurisdictions, including coordinating auditor information document requests, compiling and reviewing responses, and ensuring timely delivery.
  • Prepare or review technical research for information document request responses and ensure the team tracks and reviews tax exposures as issues develop.
  • Partner with the Vice President of Tax & Treasury to develop and execute tax strategy, including tax planning opportunities and risk management.
  • Oversee research of indirect tax filing requirements and coordinate with advisors as needed.
  • Lead, mentor, and develop the income tax team by setting priorities, assigning and managing workload, conducting performance reviews, and building a talent pipeline.
  • Lead implementation of tax technology initiatives.
  • Design changes to and maintain the tax internal control framework, partnering with internal audit and accounting on SOX and control testing.
  • Lead tax due diligence, structuring, and integration of new businesses and acquisitions.
  • Improve processes and procedures as the company expands in new and established markets.
  • Lead special projects, including legal entity restructuring and rationalization.
  • Work cross-functionally with company departments and external partners and serve as a trusted tax advisor to senior leadership.
Desired Qualifications
  • An advanced degree or credentials such as MST, MAcc, LLM, or CPA.
  • Experience in a manufacturing organization.

About the company

Cresco Labs grows, processes, and retails cannabis products in eleven states, serving adult-use and medical markets. Its products come from its own cultivation and manufacturing facilities and are sold under a portfolio of trusted brands to ensure consistency. It differentiates itself through vertical integration—grower, processor, retailer—operating in high-demand, well-regulated markets to maintain quality and supply. Its goal is to expand market presence while upholding responsible practices, collaborating with governments, using eco-friendly packaging, and delivering value to shareholders and communities.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

2013

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Simplify's Take

What believers are saying

  • Q2 2026 revenue hit $173.3 million, up 15% sequentially and net income $15.4 million.
  • Q2 adjusted EBITDA reached $39.5 million, while free cash flow turned positive at $6.5 million.
  • September 2 PharmaCann deal added nine stores for $50 million, immediately accretive.

What critics are saying

  • Palomar sued on August 14, 2026, denying defense coverage for Cresco's cannabis marketing class actions.
  • Two May 4 class actions accuse Cresco of deceptive health claims and seek economic damages.
  • CFO Sharon Schuler stepped down August 2026, and replacement risk shadows Pennsylvania integration.

What makes Cresco Labs unique

  • Cresco's Pennsylvania integration makes it state's top medical retailer and wholesaler.
  • Sunnyside retail plus branded wholesale gives Cresco direct consumer and shelf access.
  • Needham Bank's 7.99% revolver gives Cresco conventional banking access uncommon for cannabis operators.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off
  • Paid Vacation
  • Paid Holidays
  • 401(k) Company Match
  • 401(k) Retirement Plan
  • Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Oct 14th, 2026
Cresco Labs shares slide 52% in a year despite Q2 swing to $16.8M profit

Cresco Labs shareholders lost 52.1% over the past year, including dividends, even as the cannabis operator swung to profit. The shares cost CA$1.85 a year ago and now trade at CA$0.9. In the second quarter of 2026, Cresco reported revenue of US$173.341m, up from US$163.624m a year earlier. Net income was US$16.796m, against a US$16.334m loss, moving net margin from a 10.0% loss to a 9.7% gain. Investors have weighed two views. The bullish case sets fair value at CA$2.15, citing new dispensaries, exits from weaker states, and tighter cost control. The bearish case sets it at CA$1.51, citing price compression, 0.3% assumed revenue growth, and 12.5% debt.

Cannabis NewsWire
Sep 4th, 2026
420 with CNW - convenience is giving an edge to entities selling marijuana.

420 with CNW - convenience is giving an edge to entities selling marijuana. September 4, 2026 Marijuana companies are increasingly betting that convenience will determine what consumers buy, as shoppers show growing interest in products that require little preparation and can fit easily into everyday routines. The shift is particularly visible among newer cannabis customers, who may be less comfortable with traditional consumption methods. An analysis of Headset data found that disposable, all-in-one vaporizers generated roughly $2.82 billion from 94.8 million units, representing annual gains of 23.8% in sales and 22.9% in volume. The average price was about $29.77. Meanwhile, cartridges, historically the biggest vape category, recorded approximately $2.89 billion in sales but declined 14.1% in sales and 8% in unit volume. Their average price was lower, at $19.66, suggesting cost alone does not explain the difference. For many buyers, simplicity appears to be more important. A similar development is occurring in pre-rolls. Infused versions reached about $1.8 billion and posted increases of 13.4% in sales and 21% in volume. Multi-unit packages are also expanding, giving brands such as Dogwalkers additional room to grow. The appeal extends beyond smoking products. Cresco Labs is preparing to introduce High Supply SLIPS, an oral marijuana pouch, through its Sunnyside stores. The product is expected to come in two flavors and offer 4-milligram and 10-milligram doses. The concept draws from the growing popularity of nicotine pouches. Philip Morris reported shipping nearly 165 million cans of Zyn during the fourth quarter of 2025, a 42% increase from a year earlier. Dana Mason, a Cresco brand manager, said demand for simpler inhalable products helped signal an opportunity for consumption methods that do not require smoking. Oral pouches could appeal to consumers at sporting venues, restaurants, and on public transportation, where lighting a joint or using a vape may not be practical. The convenience trend is also influencing hemp-derived products. According to Edibles.com president Thomas Winstanley, some consumers are incorporating THC gummies and chews into routines that resemble supplement use, while others view hemp beverages as an alternative to alcohol. Wider retail availability may further encourage experimentation. Products appearing in familiar outlets such as Total Wine and Circle K can give curious customers an alternative to visiting a dispensary. Experts expect the next stage of innovation to emphasize discretion, including tinctures, sublingual products, and other low-effort formats. As cannabis companies compete for new customers, reducing the number of steps between purchase and consumption could become an increasingly important advantage. The extent to which marijuana firms like Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) leverage this emerging trend could determine the magnitude of their sales growth over the coming years as more first-time customers shop for cannabis products. About CNW420 CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern - a tribute to the time synonymous with cannabis culture. The concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis. To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only) Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer CannabisNewsWire is powered by IBN Select A Month

Cannabis Promotions
Sep 3rd, 2026
Marijuana MSO Cresco scoops up PharmaCann Pennsylvania assets.

Marijuana MSO Cresco scoops up PharmaCann Pennsylvania assets. September 3, 2026 Cannabis Industry News Key points. * Cresco acquires PharmaCann Pennsylvania assets to expand regional footprint * Transaction positions Cresco as the top MMJ retailer and wholesaler in Pennsylvania * Deal highlights ongoing consolidation trends among major multi-state operators Multi-state operator Cresco Labs has acquired key Pennsylvania assets from rival PharmaCann, significantly expanding its footprint in the second-largest medical marijuana market in the United States. This strategic transaction establishes Cresco as the top medical cannabis retailer and wholesaler in Pennsylvania. The deal brings additional operational facilities and retail storefronts into Cresco's existing portfolio, consolidating market share in a limited-license state where vertical integration drives profitability. As consolidation accelerates across regulated state markets, large operators continue utilizing M&A strategies to capture supply chain dominance and secure consumer touchpoints. For dispensary owners and brand managers operating in the region, this shift signals a changing competitive dynamic - one where scaled operators hold distinct advantages in wholesale pricing and distribution reach. Compliance overhead and supply chain logistics will likely remain central focus areas as integration proceeds. What this means for your brand. Dispensaries and brands in Pennsylvania must prepare for increased market consolidation and stronger wholesale competition. Regional brands should focus on differentiation and strong retail partnerships to maintain shelf space against expanding MSOs.

Citybiz
Sep 2nd, 2026
Cresco Labs acquires nine Pennsylvania dispensaries for $50M.

Cresco Labs acquires nine Pennsylvania dispensaries for $50M. September 2, 2026 Cresco Labs has completed the $50 million acquisition of nine operating medical marijuana dispensaries in Pennsylvania from PharmaCann Penn, expanding its retail footprint and strengthening its position in one of the company's core markets. The transaction gives Cresco 100% of the outstanding equity interests in PharmaCann Penn and makes the company Pennsylvania's largest medical marijuana retailer, according to Cresco. The acquisition complements its existing position as the state's largest wholesaler, increasing the scale of a vertically integrated operation spanning cultivation, branded products, distribution and retail. Pennsylvania generated more than $1.1 billion in medical marijuana sales last year, making it the second-largest medical marijuana market, according to the company. The size of the market and Cresco's existing infrastructure were central to the rationale for deploying additional capital in the state. The $50 million purchase price was funded through a combination of cash and a seller note. The transaction was completed on a cash-free, debt-free basis with an agreed normalized level of working capital. Cresco expects the acquisition to be immediately accretive to revenue, margins and cash flow. Adding nine operating stores also provides a faster path to expanding distribution than developing new retail locations individually, while allowing the company to leverage cultivation and wholesale infrastructure already in place. "We are focused on deploying capital into opportunities that strengthen our competitive position and generate attractive long-term returns," CEO Charlie Bachtell said. He described Pennsylvania as a core market where greater scale and vertical integration can provide competitive advantages. The transaction is particularly significant because it increases Cresco's ability to distribute products through both wholesale and company-operated retail channels. Its portfolio includes Cresco, High Supply, FloraCal, Good News, Wonder Wellness Co., Mindy's and Remedi, while the company operates dispensaries nationally under the Sunnyside brand. Expanding the number of retail locations creates additional outlets for that product portfolio while increasing Cresco's direct exposure to Pennsylvania patients. At the same time, its wholesale operation continues to provide distribution through the broader market, giving the company multiple channels through which to use its cultivation and production capacity. That combination is central to Cresco's Pennsylvania strategy. Rather than entering a new geography that would require significant new infrastructure, the company is deploying $50 million into a market where it already has operating scale. The acquired dispensaries can therefore be paired with existing cultivation, production and wholesale capabilities, creating opportunities to spread infrastructure costs across a larger revenue base. Bachtell said pairing additional retail locations with Cresco's cultivation and wholesale operations reinforces the company's market position and its strategy of pursuing consolidation in markets where it already has meaningful scale. The acquisition also reflects a selective approach to cannabis industry consolidation, with Cresco emphasizing transactions expected to contribute immediately to financial performance. The company has identified revenue, margin and cash-flow accretion from the Pennsylvania deal rather than relying primarily on longer-term market expansion to support the investment rationale. For Cresco, the nine-store portfolio adds operating assets in a medical marijuana market that already exceeds $1 billion in annual sales. The combination of a larger retail network and its existing wholesale leadership gives the company greater reach across the state while creating another avenue for deploying its branded product portfolio. With the PharmaCann Penn transaction closed, Cresco has increased its exposure to a market it considers strategically important while using existing infrastructure to support the acquired operations. The company's ability to generate incremental sales and cash flow from those stores will be a key measure of the acquisition as it integrates the additional retail footprint into its Pennsylvania platform.

The Montreal Gazette
Sep 2nd, 2026
Cresco Labs acquires nine Pennsylvania dispensaries in accretive Transaction to strengthen market leadership.

Cresco Labs acquires nine Pennsylvania dispensaries in accretive Transaction to strengthen market leadership. Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) ("Cresco Labs" or the "Company") today announced the closing of its acquisition of 100% of the outstanding equity interests in PharmaCann Penn, LLC ("PharmaCann") for an aggregate consideration of US$50 million (the "Transaction"). The Transaction consists of nine operational retail medical marijuana dispensaries in Pennsylvania, advancing...