Tag: CBT > Business Issues/ Benchmarks > Cannabis Business Profit Trends

Top Stories

Ohio Adult-Use Cannabis Sales Top $98 Million in First 2 Months

The average dispensary is recording nearly $22,000 in adult-use and medical cannabis sales per day—a rate of roughly $8 million per store per year.

October 9, 2024

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.

August 14, 2024

Finance

Curaleaf Reports $342 Million in Q2 Revenue

The global cannabis company now operates in 15 countries.

August 8, 2024

Finance

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.

August 8, 2024

Finance

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.

August 6, 2024

Finance

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.

August 5, 2024

Finance

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.

March 13, 2024

Finance

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.

March 13, 2024

Finance

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.

February 29, 2024

Hiring Cannabis Personnel

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.

February 27, 2024

California

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.

February 21, 2024

Cannabis Business Profit Trends

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.

October 20, 2023