Cannabis Business Revenue Trends: Page 3

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.

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.

Green Thumb CEO Lambastes ‘Uncle Sam’ for Cannabis Listing as 70% Americans Support Legalization

The multistate operator remains bullish on Maryland after reporting record revenue for its third-quarter earnings.

New York’s First Adult-Use Cannabis Retailer Garners $12 Million in Sales During First Six Months

Nonprofit Housing Works Cannabis Co. is using the proceeds to continue advancing community goals and life-saving initiatives for New Yorkers in need.

Where the Nation’s 8 Largest Cannabis MSOs Are Expanding in 2023 (and Why)

We’ve seen corporate operators pulling out of California, Colorado, Oregon and Massachusetts, but which markets are they tackling now?

2023 State of the Cannabis Cultivation Industry Research

The cannabis economy’s ups and downs can feel like a seesaw, and operators continue to chase profitability. But this year’s research uncovered notable positive takeaways.

2023 State of the Cannabis Cultivation Industry Report

The cannabis economy’s ups and downs can feel like a seesaw, and operators continue to chase profitability. But this year’s research uncovered notable positive takeaways.

Trulieve, Verano, Ascend Wellness Buckle Up for New Growth Markets

Reporting first quarter financials, CEOs from the three multistate operators are now regearing for more favorable business conditions.

Curaleaf’s Boris Jordan Says New Super PAC Will Sway SAFE Banking’s Passage in 2023

The company’s executive chairman provided a timeline for the bill during an earnings call but said he’s not “predicting anything in Washington.”

Curaleaf to Restate Certain Previously Issued 2022 and 2021 Financial Statements

The company will report minor reductions in revenue of approximately 1.25% and 0.75% for 2021 and 2022, respectively.

Verano CEO Says 2023 Will Be ‘Inflection Point’ for Cannabis Industry

As smaller operators struggle to weather the industry downturn, George Archos forecasts favorable M&A deals in attractive markets.

Trulieve CEO Sets Goal of $100 Million in Operating Cash Flow This Year

Stomping onward with the nation’s largest cannabis retail footprint, Trulieve reported $1.2 billion in revenue for 2022.

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