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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Intangible assets consist of the following (in thousands):
As of December 31,
20252024
Definite Lived Intangible Assets
Customer Relationships$587 $587 
Intellectual Property4,777 4,777 
Total Definite Lived Intangible Assets5,364 5,364 
Less Accumulated Amortization(3,757)(3,034)
Definite Lived Intangible Assets, Net1,607 2,330 
Indefinite Lived Intangible Assets
Cannabis Licenses9,970 11,870 
Total Indefinite Lived Intangible Assets9,970 11,870 
Total Intangible Assets, Net$11,577 $14,200 
During the years ended December 31, 2025 and 2024, the Company recorded amortization expense related to intangible assets of $0.7 million in each period.
During the year ended December 31, 2025, the Company recognized $1.9 million of other than temporary impairment in its cannabis licenses related to its retail reportable segment as a result of updated earnings projections for unforeseen changes in the market from more than expected retail competition.
During the year ended December 31, 2024, the Company recognized $6.3 million of other than temporary impairment in its cannabis licenses related to its retail reportable segment as a result of updated earnings projections for unforeseen changes in the market from more than expected retail competition.
The following is the future minimum amortization expense to be recognized for the years ended December 31 (in thousands):
2026$603 
2027470 
2028123 
2029123 
2030123 
Thereafter165 
Total Future Amortization Expense$1,607