SEGMENTS

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

SEGMENTS

The Company conducts and manages its business through two reportable segments, representing the major lines of its cannabis business: Cultivation (Wholesale) and Retail. The cultivation (wholesale) segment consists of the cultivation, production and sale of cannabis products to retail stores. The retail segment consists of the retailing of cannabis to patients and consumers. Summarized financial information for these segments is as follows:

	Three Months Ended March 31,
	2023		2022
Revenue, net of discounts
Cultivation (Wholesale)	$	80,267	$	53,008
Retail	184,242		164,334
Intersegment Eliminations	(37,449)		(15,107)
Total Revenue, net of discounts	227,060		202,235
Depreciation and Amortization
Cultivation (Wholesale)	18,522		19,725
Retail	16,534		14,709
Total Depreciation and Amortization	35,056		34,434
Income taxes
Cultivation (Wholesale)	10,257		11,237
Retail	18,063		14,278
Total Income Taxes	28,320		25,515

Goodwill assigned to the cultivation (wholesale) segment as of March 31, 2023 and December 31, 2022 was $83,004. Goodwill assigned to the retail segment as of March 31, 2023 and December 31, 2022 was $186,084.

The Company’s assets are aggregated into two reportable segments (retail and cultivation). For the purposes of testing goodwill, the Company has identified 13 reporting units. The Company determined its reporting units by first reviewing the operating segments based on the geographic areas in which the Company conducts business (or each market). The markets were then further divided into reporting units based on the market operations (retail and cultivation) which were primarily determined based on the licenses each market holds. Substantially all revenues are derived from customers domiciled in the United States and substantially all assets are located in the United States.