280E, new markets, wholesale sales top cannabis earnings season

Mar 21, 2024 · Jushi, for example, reported growing wholesale revenue 30% from 2022 to 2023. The Cannabist Co.’s new CEO, David Hart, said that wholesale revenue was …

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280E, New Markets, Wholesale Sales Top Cannabis Earnings Season

1 week from now

Mar 21, 2024 · Jushi, for example, reported growing wholesale revenue 30% from 2022 to 2023. The Cannabist Co.’s new CEO, David Hart, said that wholesale revenue was …

mjbizdaily.com

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Post Cannabis Rescheduling: What's Next For Marijuana

1 week from now

May 7, 2024 · Just on the US market alone, we could justify valuations of >$110Bn by around 2030 assuming federal legalization and a much larger TAM (total addressable market) with an …

businessinsider.com

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Rising High: Cannabis Firms Report Quarterly Earnings

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1 day ago · IM Cannabis Corp. also reported Q3 earnings on Thursday with a loss per share of (C$0.41) on revenue of C$13.9M, which compared to a loss per share of (C$0.96) on revenue …

nasdaq.com

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Celebrating Three Years Of Growth And Equity In NJ Cannabis

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Apr 22, 2024 · The Market. In 2023, New Jersey saw cannabis sales of more than $800 million. With new local cultivators and manufacturers beginning operations, we expect to reach $1 …

nj.gov

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MariMed Inc. Continues Strong Wholesale Numbers

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Nov 8, 2024 · “Our wholesale business continues to outpace the industry with another quarter of at least 20% year-over-year growth,” Jon Levine, Chief Executive Officer, reported in the …

thedalesreport.com

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Impact Of 280e On Cannabis Company Net Income - Seeking Alpha

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Jun 18, 2021 · Actual Reported Cost of 280e. The additional taxes reported because of 280e are shown in the exhibit as "280e Cost." The cost of 280e ranged from a low of $2.254 million at …

seekingalpha.com

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Trulieve Beats On Revenue, Claims $113M In 280E Tax Refunds

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Feb 29, 2024 · For the full year, Trulieve’s revenue came out to $1.13 billion, down 7% from the previous year’s $1.22 billion. Net loss for the full year clocked in at $527 million, up 114% from …

greenmarketreport.com

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New Jersey Surpasses 100 Marijuana Stores, Projects $1B In Sales

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Mar 4, 2024 · The New Jersey Cannabis Regulatory Commission’s website lists 102 medical cannabis dispensaries and adult-use stores, according to a news release. The commission’s …

mjbizdaily.com

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Glass House Brands Reports Record Setting Third ... - Markets Insider

1 week from now

2 days ago · Net Revenue of $63.8 million, an increase of 32% from $48.2 million in Q3 2023 and up 18% from $53.9 million in Q2 2024.; Gross Profit was $33.4 million, compared to $26.0 …

businessinsider.com

FAQs about 280E, new markets, wholesale sales top cannabis earnings season Coupon?

How will the IRS 280E impact the cannabis industry?

Analysts project near-term financial outcomes could include approximately $1.1 billion in cash flow improvements across the sector due to the removal of tax burdens under the IRS's 280e that disalows cannabis companies from deducting normal business expenses. ...

Do you owe taxes for section 280E?

After careful analysis, management has determined that we do not owe taxes for the application of Section 280E, and 2023 federal income taxes have been filed accordingly. This decision was made after consulting with external tax and legal counsel. The change will result in about $6 million of cash savings in Q4 2024. ...

How does rescheduling impact 280E removal?

Impact of 280e Removal: Rescheduling allows plant-touching companies to deduct ordinary business expenses previously disallowed under IRS 280e, substantially improving their financial situations. ...