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News analysis

Schwazze revenue up after entering legal adult-use New Mexico market in 2022

Written by || 12th April 2023 || News analysis | Cannabis – recreational | Financial results | GeographiesColorado New Mexico North America United States

US cannabis company Medicine Man Technologies, operating as Schwazze, saw an increase in revenue last year, helped by the completion of acquisitions, new store openings, entrance into the New Mexico market, and adult-use legalisation taking effect in New Mexico in 2022.

For the year, the company reported its revenue up 47% to $159.4m from $108.4m in 2021, while in the fourth quarter, its revenue was $40.1m, up 51% compared to $26.5m in the fourth quarter of 2021.

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Antonia Di Lorenzo

Assistant news editor/senior reporter
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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