First Quarter Medical Cannabis Production Report

Producers' Gross Profit and Net Income Gain or Loss

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement or can be calculated with this formula: Gross profit = revenue - cost of goods sold.

Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses

*Red Barn did not report Gross profit or Net income.

Five Producers Yield 58 Percent of Q1 Harvest

(Total Market Yield: 1,028,712.27 grams or 2.2 tons)

Amount Paid for Testing

Note: Mother Earth Herbs is exempt from testing based on their location south of US Border Patrol interior checkpoints.

Total Salary Compensation


Other First Quarter Data

Notes: Keep in mind that one quarter is not a trend, and so we plan to track it  reports every quarter. At the end of the year, we'll see who is king of the hill.  Also note, one producer, Grass Roots, did not file a quarterly report and 12 new producers were not required to submit production reports since they were not fully operation before the April 15 filing deadline.