Business Issues/Benchmarks: Page 30

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.

Trulieve Reports Fourth Quarter and Full Year 2023 Results Highlighting Year End Momentum and Cash Generation

Trulieve Cannabis Corp. today announced its results for the fourth quarter and full year ended Dec. 31, 2023. The company summarized highlights of 2023 including opening 17 dispensaries in 2023, increasing retail footprint to 192 retail locations nationwide.

Which US Senators Have Signed Their Names to the SAFER Banking Act of 2023?

Since the revised cannabis banking bill was introduced in late September, 36 lawmakers have decided to sign the legislation. Here’s the (fluid) list.

Jamaica’s THC Exports to United States Leads CBT’s Most Popular Articles in February

Rescheduling, state legalization prospects, and Lume’s rapid rise in Michigan also ranked in Cannabis Business Times’ top 10 stories this month.

New York Governor: Licensed Entrepreneurs ‘Under Attack’ by ‘Illegal Pot Shops’

Gov. Kathy Hochul calls on legislators, social platforms and tech companies to help the state clamp down on unregulated cannabis operations.

Social Media Platforms ‘Fueling’ New York’s Unlicensed Cannabis Market, Stakeholders Say

A group of industry associations penned a letter to Gov. Kathy Hochul urging legal action against social media and technology companies.

California’s Adult-Use Cannabis Market Eclipsed $5.1 Billion in ‘Taxable Sales’ in 2023

The state’s tax department released year-end figures showing a 4.7% year-over-year decline.

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.

DOJ Declines to Address Media Inquiry on Cannabis Rescheduling, Points to 2020 Resource Guide

A Department of Justice spokesperson said the government has nothing further to provide beyond its confirmation of review.

Ohio Adult-Use Dispensary Licenses to be Issued by Sept. 7

Pending any legislative changes, the state’s regulators will approve provisional licenses for existing medical operators to begin sales.

Schwazze Appoints Interim CEO Following Resignation

Forrest Hoffmaster, the cannabis company’s chief financial officer, was given the additional role after Nirup Krishnamurthy resigned.

Ascend Wellness Executes Agreement to Acquire 2nd Cultivation License in Massachusetts

The deal includes a 54,000-square-foot facility in Amesbury and is now pending regulatory approval.

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