Chicago, Illinois-headquartered cannabis company Verano Holdings Corp. (Cboe CA:VRNO) (OTCQX:VRNOF) released its financial results Wednesday for the first quarter ended March 31, 2024, revealing revenue of $221 million, a decrease of 3% year-over-year and a decrease of 7% versus the prior quarter, exceeding the company guidance. According to the press release, the decrease in revenue was driven primarily by expected declines in New Jersey retail as dispensaries continue to open across the state, which was partially offset by stronger-than-expected performance from the wholesale segment. "I am tremendously proud of the strong foundation we've built in the first quarter, which positions Verano to capitalize on what may be one of the most transformative years for legal cannabis in our nation’s history," stated George Archos, Verano founder and CEO. "While we've never built our business based on legislative assumptions, we have tremendous upside across all of our markets to take advantage of the massive potential catalysts that lie ahead in 2024. With adult-use imminent in Ohio, confirmed on the November ...