Business Issues/Benchmarks: Page 4

UCLA Report Reveals Unsafe Working Conditions, Wage Theft in California Cannabis Industry

The UCLA Labor Center and Cannabis Worker Collab released the report based on 1,100-plus worker voices, documenting how unions can deliver change.

All 4Front Subsidiaries File for Court-Appointed Receiver

The company intends to continue operating during the receivership process and hopes the process will generate value for stakeholders.

MediPharm to Close $4.5 Million Cash Sale of Cannabis Facility to Rubicon Organics in June

The transaction is for a 47,500-square-foot indoor cultivation facility in Hope, British Columbia.

Minnesota Governor, Legislative Leaders to Increase Cannabis Excise Tax in Budget

Gov. Tim Walz and caucus leaders announced that, as part of their bipartisan agreement, they will raise the 10% rate before adult-use sales even launch.

US Cannabis Industry Revenue Grows to $30B, Jobs Stall at 425,000

Staffing agency Vangst released its 2025 Cannabis Jobs Report, providing a state-by-state analysis of employment, retail performance and workforce trends.

Texas House Approves Plan to Expand Low-THC Medical Cannabis Program

The chamber passed legislation to increase allowable uses, licenses and qualifying conditions, and to revise the definition of low-THC cannabis.

Ascend Wellness Reports $128M in Q1 Revenue

The cannabis company also reported $5.9 million in generated positive cash from operations, ending the quarter with $100M in cash and cash equivalents.

TerrAscend Reports $71M in Q1 Revenue

The company also reported $8 million in net cash from operations and $5.5 million in free cash flow.

Curaleaf Reports $310M in Q1 Revenue, $35M in International Revenue

The company also reported $42 million in operating cash flow from continuing operations and $26 million in free cash flow.

The Cannabist Co. Reports $87M in Q1 Revenue

The company also reported a $32 million net loss.

Verano Reports $210M in Q1 2025 Revenue

The company also reported $2 million in net cash provided by operating activities and a $12 million net loss.

Green Thumb Industries Reports $280M in Q1 Revenue

The cannabis company also reported $74 million in cash flow from operations and a GAAP net income of $8 million.

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