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INTANGIBLE ASSETS AND GOODWILL
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
Intangible Assets
December 31,
(in thousands)20222021
Finite-lived intangible assets
Licenses and permits$226,919 $55,281 
In-place leases19,963 19,963 
Trade names380 380 
247,262 75,624 
Accumulated amortization:
Licenses and permits(13,035)(5,415)
In-place leases(12,754)(10,558)
Trade names(380)(380)
(26,169)(16,353)
Total intangible assets, net(1)
$221,093 $59,271 
(1)These intangible assets are being amortized over the expected period of benefit, with a weighted-average remaining life of approximately 9.3 years as of December 31, 2022.
Amortization expense was $9,816, $6,753, and $7,531 during the year ended December 31, 2022, 2021, and 2020, respectively. Total amortization expense capitalized to inventory was $1,804, $1,404, and $350 during the year ended December 31, 2022, 2021, and 2020, respectively. At December 31, 2022 and 2021, $1,101 and $502, respectively, of amortization expense remained capitalized as part of inventory.
No impairment indicators were noted during the year ended December 31, 2022, 2021, or 2020 and, as such, we did not record any impairment charges.
Estimated Annual Amortization Expense for Each of the Next Five Years
20232024202520262027
Estimated amortization expense(1)
$21,885 $24,017 $23,468 $23,468 $23,468 
(1)These amounts could vary as acquisitions of additional intangible assets occur in the future or due to changes in anticipated commencement of operations for certain locations.
Goodwill
(in thousands)
Balance, December 31, 2020$22,798 
Acquisitions11,042 
Adjustments to purchase price allocation(1)
9,127 
Balance, December 31, 2021$42,967 
Acquisitions(1)
804 
Adjustments to purchase price allocation(1)
599 
Balance, December 31, 2022$44,370 
(1)See Note 4, “Acquisitions,” for additional information.