Marijuana Franchises Distributors Observe Sluggish Revenue Trends, First Quarter Strikes Losses
Most of the largest U.S. marijuana multistate operators experienced revenue declines in the first quarter of 2022 versus the previous three months, reflecting seasonal factors, declining cannabis prices and inflationary pressures that could be curbing consumer spending. Of the 12 largest MSOs, only Illinois-based Green Thumb Industries posted a net profit for the first three …