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Hara produces some 100 million cones a month—or more than 1.2 billion a year—across 14 factories in and around Delhi, India. The cones are then sent to the United States and Europe and sold to thousands of smoke shops, convenience stores, dispensary chains and cannabis brands. Hara’s cannabis customers fill the cones with ground-up weed, turning the tubes of rolling paper into joints.<br/><br/>Chicago-based cannabis cultivator and retailer Verano Holdings uses Hara’s cones to make their joint brand Swift Lifts, as does Massachusetts-based Curaleaf for its in-house doobies and brands like Grassroots and BNoble. Even the country’s largest independent joint companies, from Jeeter to Stiiizy, are Hara customers. And the biggest rolling paper manufacturer in the world, Republic Brands, which owns OCB, E-Z Wider and Zig-Zag, buys its cones from Hara. All of this translates into a profitable company with real revenue—roughly $75 million a year, Forbes estimates. The entire cone industry, which is largely based in Malaysia, Indonesia and India, produces approximately 350 million cones a month, meaning Hara controls about 30% of the market in terms of volume.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/willyakowicz/2023/12/24/king-of-cones-bryan-gerber-hara-supply-cannabis-preroll/?sh=5c8322026531<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 8:15 👁 32.1M
Jayprakash Somani, Supreme Court, Legal u0026 Exim
⏲ 13 minutes 21 seconds 👁 3K
Naresh Gugale
⏲ 1 hour 51 minutes 4 seconds 👁 8.7K
The coat of living has many Australians cutting back on the finer things in life, but plenty of us are still spending a pretty penny on music. Revenue from the recorded music industry in Australia grew more than 10% in 2023, with streaming and vinyl sales both at record highs.
⏲ 1:50 👁 2.3M
Town Planning Zone
⏲ 14 minutes 46 seconds 👁 22.3K
Karnataka Auction Properties
⏲ 13 minutes 2 seconds 👁 477
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
⏲ 1:29 👁 1.9M
Yogendra C Advocate
⏲ 9 minutes 16 seconds 👁 30.7K
Prathinidhi Digital
⏲ 7 minutes 34 seconds 👁 192
Nike warned its revenue in the first half of fiscal 2025 will decline by a low single-digit percentage as it scales back production of some classic shoe franchises to cut costs. On a post-earnings call, Nike's CFO said the company is reducing orders for shoes like the Air Force 1 and Pegasus Running as it shifts focus to upcoming launches. Newer brands like On and Hoka have been gaining market share by offering innovative performance shoes that appeal to customers. Nike's Q3 revenue rose 0.3% to $12.43 billion, beating estimates. The company maintained its fiscal 2024 revenue growth forecast of 1%.
⏲ 0:42 👁 1.3M
ಸಾಮಾನ್ಯ ಮಾಹಿತಿ ನಿಮ್ಮ ಕೈಯಲ್ಲಿ
⏲ 8 minutes 4 seconds 👁 7.2K
Vtvkannada
⏲ 11 minutes 45 seconds 👁 153.4K
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