Business Issues/Benchmarks: Page 28

Whitney Economics Forecasts US Regulated Cannabis Sales to Top $31.4 Billion in 2024

The industry data and research firm also forecasts U.S. cannabis sales to grow to $67 billion by 2030 and $87 billion by 2035.

Annual Cannabis Licensing Fee Could be Slashed $100K+ in California’s Highest-Taxed City

Five San José City Council members support a fee reduction, recognizing that the cannabis industry 'should be treated like any other business entity.'

Curaleaf Acquisition Marks 1st Step Into Australasian Markets

The company’s deal with Northern Green Canada will also bolster its European flower supply in Germany, Poland and the United Kingdom.

High Tide to Acquire Premium Canadian Cannabis Brand, Queen of Bud for CA$1M

CanPay Unveils Most Advanced Prepay E-Commerce Option in Cannabis Industry

Game-changing e-commerce payments integration moves cannabis consumers and merchants even closer to traditional retail experience, as consumers can prepay for online orders.

Jushi Holdings Reports Total Revenue of $269.4 Million in 2023

The vertically integrated, multistate cannabis operator released its 2023 full year financial results, and the CEO described the fourth quarter as 'a strong finish to an incredible year.'

Delta-8, Other Hemp-Derived ‘Intoxicants’ Illegal to Sell in Arizona Without Cannabis License, AG Says

State Attorney General Kris Mayes issued a legal opinion that Arizona law does not allow for smoke shops, convenience stores to sell the products.

AYR Wellness Reports Fourth Quarter and Full Year 2023 Results

David Goubert, AYR President AND CEO, said '2023 was a transformational year for AYR' with revenue growth, enhanced profitability and a strengthened balance sheet.

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.

Village Farms International Reports Q4 and 2023 Financials: Record Consolidated Sales for Q4

The produce supplier and owner of Canadian subsidiary Pure Sunfarms cannabis business and U.S.-based Balanced Health Botanicals CBD brand closed the year with positive adjusted EBIDTA on its core businesses, and started buildout of its first production facility in the Netherlands.

Ascend Wellness Releases Fourth Quarter, Full Year 2023 Financial Results

The multistate cannabis operator reported $519 million in net revenue for the year, representing a 28% increase over 2022.

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