The cannabis industry has been in turmoil in recent years. In California, high taxes, fire sales and a drop in the price per pound are just some of the factors that have operators looking to cash out and run for the exits.
As the storm begins to clear in 2024, many California businesses — especially retailers — have continued to thrive through the turbulence. These seasoned operators and businesses have learned to pivot and maneuver through unprecedented times and lead their companies to strong revenue and high earnings before interest, taxes, depreciation and amortization (EBITDA) years.
Three Prime Examples of High-EBITDA Cannabis Retail Business In California:
- 2023 revenue: $21 million
- 2023 EBITDA: $6.45 million
- 2023 gross sales: $34.3 million
- 2023 net profit: $6 million
- 2022 gross sales: $29.8 million
- 2022 net profit: $4.2 million
Do you know of any dispensaries in California that are reporting better results in 2023 versus 2022? Both topline and net have increased year over year for this business.
- 2023 gross revenues: $10 million
- 2023 net revenue: $2 million
Data proves that high-EBITDA opportunities are still available in markets across California. To view more opportunities visit greenlifebusiness.com. For more information call or text Drew at 619-653-0483 or email at ceo@glbgroupinc.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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