Jushi looks to boost efficiency as it awaits new adult-use cannabis markets
Multistate operator Jushi Holdings is trying to improve its efficiency and margins as it hopes for new adult-use cannabis markets in 2024.
Multistate operator Jushi Holdings is trying to improve its efficiency and margins as it hopes for new adult-use cannabis markets in 2024.
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.
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.
Sales of medical cannabis in Ohio’s tightly restricted market appear to have peaked, as lawmakers continue to stall the launch of the state’s recently legalized adult-use marketplace.
The transition from a medical marijuana market to adult-use retail presents new business opportunities, an exponentially wider customer base and, generally, a significant growth driver for licensed cannabis companies.
Ohio lawmakers are poised to finish 2023 without making promised changes to the adult-use marijuana legalization initiative voters passed in November.
Initial changes to Ohio’s adult-use marijuana legalization law recently approved by voters advanced through the state Senate on Wednesday.
An Ohio lawmaker has introduced a bill that would allow municipalities in the state to prohibit adult-use marijuana operators within their borders and impose additional MJ business taxes.