Us marijuana multi state operators' weak revenue in the first quarter

In the first quarter of 2022, the revenue of most of the largest marijuana multi state operators in the United States decreased, reflecting seasonal factors, the decline in marijuana prices and inflationary pressures that may curb consumer spending. Among the 12 largest MSOs, only Illinois based green thumb industries realized net profit in the first three months of 2022. At the same time, trulieve cannabis, headquartered in Florida (with quarterly sales of $318.3 million), took the lead in revenue by a narrow margin over curaleaf holdings, headquartered in Massachusetts (with sales of $313.1 million). However, according to the revenue guidance, curaleaf may regain the top position after the results of the second quarter are announced.

Source: mjbizdaily com/