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LEASES | 3 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
LEASES | The Company has operating leases for some of its retail dispensaries and processing and production facilities located throughout the U.S., as well as for its corporate offices located in Chicago, Illinois. Operating lease right-of-use assets and operating lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. Leases with an initial term of 12 months or less are not recorded on the Company's balance sheet. Certain leases require payments for taxes, insurance, and maintenance, and are considered non-lease components. The Company accounts for non-lease components separately. The Company determines if an arrangement is a lease at inception. The Company must consider whether the contract conveys the right to control the use of an identified asset. The Company leases certain business facilities from third parties under non-cancellable operating lease agreements that contain minimum rental provisions that expire through 2040. Some leases also contain renewal provisions and provide for rent abatement and escalating payments. During the three months ended March 31, 2026 and 2025, the Company recorded approximately $5,649 and $5,692 in operating lease expense, respectively, of which $273 and $317 was included in cost of goods sold for the same periods, respectively. Other information related to operating leases as of and for the periods ended March 31, 2026 and December 31, 2025, were as follows:
| March 31, 2026 |  | December 31, 2025
Weighted average remaining lease term - years | 7.25 |  | 7.45
Weighted average discount rate | 10.54 | % |  | 10.52 | %
Maturities of lease liabilities for operating leases as of March 31, 2026 were as follows:
Year Ending December 31, |  | Maturities of Lease Liability
2026 |  | $ | 16,637 |
2027 |  | 21,724 |
2028 |  | 21,018 |
2029 |  | 19,893 |
2030 |  | 18,943 |
Thereafter |  | 51,644 |
Total Lease Payments |  | 149,859 |
Less: Imputed Interest |  | (48,451) |
Present Value of Lease Liability |  | $ | 101,408 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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