Cresco posts $180 million full-year net loss as it looks to new cannabis markets
Cresco Labs posted a $180 million loss in 2023 as the Chicago-based cannabis multistate operator exited two state markets and saw its high-profile merger collapse.
Ohio Medical Marijuana Business News
Cresco Labs posted a $180 million loss in 2023 as the Chicago-based cannabis multistate operator exited two state markets and saw its high-profile merger collapse.
Massachusetts-based marijuana multistate operator MariMed reported a record year for revenue growth and a net loss in its full-year and fourth-quarter earnings report.
Major marijuana multistate operator Curaleaf Holdings posted $345.3 million in net revenue for the fourth quarter of 2023, an increase of 1.5% over the same quarter the year before and 3.6% over the third quarter.
Ohio regulators have reduced the fee to obtain medical marijuana patient cards or caregiver cards to 1 cent, a move that could increase business for MMJ dispensaries in the state.
Ohio’s top cannabis regulator plans to issue adult-use marijuana businesses licenses on Sept. 7 at the latest if infighting in the Legislature continues to halt momentum on establishing rules, certain tax rates and other policies.
Ohio regulators have issued proposed rules for medical marijuana businesses and provisional license holders to convert to dual-use licenses to serve both the medical and adult-use markets.
Ohio regulators have released proposed rules for the state’s pending recreational marijuana program.