Cannabis Business Profit Trends

Only 27% of US Cannabis Operators Profitable in 2024, Whitney Economics Reports

The industry data and economic research consultancy released its preliminary cannabis business conditions survey results.

Curaleaf Reports $342 Million in Q2 Revenue

The global cannabis company now operates in 15 countries.

Cresco Labs Determines IRS Section 280E Not Applicable to its Business

The company reported an improvement of more than 800 basis points year-over-year in its adjusted EBITDA margin for the second quarter of 2024.

Trulieve Reports $303 Million in Revenue in Q2 2024 Financial Results

The company’s revenue exceeded quarterly guidance in the second quarter as it looks ahead to Ohio’s adult-use sales launch at three retail locations.

Green Thumb CEO Urges DEA to ‘Do Their Job’ for Cannabis Rescheduling

Ben Kovler’s remarks came with the company’s second quarter financial results, which featured $280 million in revenue, an 11% year-over-year increase.

The Cannabist Co. Reports $511 Million in Revenue in 2023

The multistate cannabis operator enters 2024 with a renewed focus after it unwound a merger agreement last year.

2023 Set Up Cresco Labs To Capitalized on ‘Monumental Opportunities’ Ahead, CEO Says

The multistate cannabis operator demonstrated profitability and cash flow improvements as it executed on its Year-of-the-Core strategy.

Verano Hits Record Revenue of $938 Million in 2023

The company also increased 2023 net cash provided by operating activities by 16% to $110 million and generated $73 million in free cash flow.

Vangst Survey Reveals 86% of Cannabis Companies Plan to Hire in 2024

The industry hiring platform’s Cannabis Salary Guide reveals a recovery trend among America’s cannabis companies after two challenging years.

New California Cannabis Dashboards Shed Light on Harvest Trends, Retail Prices, Sales

The state’s Department of Cannabis Control launched the public data site to provide useful intel for industry stakeholders.

SNDL Streamlines Cannabis Operations to Enhance Competitiveness, Profitability

The Canadian licensed producer is consolidating its cultivation activities with a goal of becoming profitable by 2024.

Curaleaf Executive Chairman Boris Jordan Says Company Anticipates ‘Game-Changing Catalysts’ on Horizon

The multistate cannabis operator reported $339 million in quarterly revenue with a gross profit of $146.5 million.

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