Green Market Report: Two Dozen Publicly Traded U.S. Cannabis Companies Lost $4 Billion Last Year

This one is well worth a read.

Here is the introduction

Many companies dealt with significant one-time writedowns in 2022.

Two dozen of the top plant-touching publicly traded marijuana companies in the United States posted a cumulative financial loss of more than $4 billion in 2022 against nearly $9 billion in revenue, according to analysis of filings by Green Market Report.

The group of companies – a mixture of multistate operators and a few that are only in California – has a wide U.S. footprint, with licensed operations in 28 states, Washington D.C., and Puerto Rico. Many hold substantial market share in East Coast markets and the Midwest, including in Illinois, Michigan, Massachusetts, New York, New Jersey, and Ohio

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