Inventories, net

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories, net

Inventories, net

Inventories consist of the following as of December 31, 2023 and 2022:

	2023		2022
Raw materials:
Cannabis	$	30,054	$	49,461
Non-Cannabis	22,064		15,113
Total raw materials	52,118		64,574
Work-in-process	72,988		102,050
Finished goods	90,807		68,158
Inventories, net	$	215,913	$	234,782

During the year ended December 31, 2023 and 2022, the Company recorded inventory write downs totaling $13.2 million and $14.4 million, respectively, within Cost of goods sold on the Consolidated Statements of Operations related to aged,

obsolete or unsellable inventories, inventories that did not meet the Company’s quality standards and inventories whose carrying value exceeded the estimated NRV.