Equity Method Investments in Affiliates	9 Months Ended
Mar. 31, 2022
Investments in and Advances to Affiliates [Abstract]
Equity Method Investments in Affiliates	14. Equity Method Investments in Affiliates Investment in Indigo Dye Inc. For the fiscal year ended June 30, 2020, the Company accounted for its investment in Indigo as a variable interest entity. The Company owned approximately 29% of Indigo’s outstanding equity and as of December 31, 2020, and was involved its day-to-day operations, which gave the Company the power to direct the activities of Indigo that most significantly impact its economic performance. Accordingly, the Company recognized the carrying value of the non-controlling interest as a component of total stockholders’ equity, and the consolidated financial statements included the financial position and results of operations of Indigo as of and for the periods ended March 31, 2022 and June 30, 2021. During the quarter ended December 31, 2020, the Company began plans to open new locations via purchasing equity in other brand/franchises to cover delivery for the entire California. Therefore, the Company is not likely at this time to exercise its option to acquire the additional 30% interest in Indigo. In addition, the Company is no longer involved in day-to-day operations of Indigo and going forward, the Company intends to pursue cannabis delivery independent from Indigo. As of October 1, 2020, the Company ceased to have control over the day-to-day business of Indigo and it was deconsolidated and recorded as an investment in nonconsolidated affiliate at its $564,819 estimated fair value and changed to equity method of accounting. Pursuant to the terms of the Indigo agreement, if the Company determines, in its discretion not to continue to make monthly payments, its 40% ownership interest in Indigo will be decreased according to the payment then made. As of March 31, 2022, the Company did not receive any distributions or dividends from Indigo. In addition, the Company impaired $69,077 of the investment as of March 31, 2022 due to lack of providing financial information from Indigo. As of March 31, 2022, the Company still held approximately 32% of the ownership of Indigo. As of March 31, 2022, the Company recorded equity method investment in affiliates at $372,330, net with $69,077 loss from equity method investment.

Equity Method Investments in Affiliates

9 Months Ended

Mar. 31, 2022

Investments in and Advances to Affiliates [Abstract]

14. Equity Method Investments in Affiliates

Investment in Indigo Dye Inc.

For the fiscal year ended June 30, 2020, the Company accounted for its investment in Indigo as a variable interest entity. The Company owned approximately 29% of Indigo’s outstanding equity and as of December 31, 2020, and was involved its day-to-day operations, which gave the Company the power to direct the activities of Indigo that most significantly impact its economic performance. Accordingly, the Company recognized the carrying value of the non-controlling interest as a component of total stockholders’ equity, and the consolidated financial statements included the financial position and results of operations of Indigo as of and for the periods ended March 31, 2022 and June 30, 2021.

During the quarter ended December 31, 2020, the Company began plans to open new locations via purchasing equity in other brand/franchises to cover delivery for the entire California. Therefore, the Company is not likely at this time to exercise its option to acquire the additional 30% interest in Indigo. In addition, the Company is no longer involved in day-to-day operations of Indigo and going forward, the Company intends to pursue cannabis delivery independent from Indigo. As of October 1, 2020, the Company ceased to have control over the day-to-day business of Indigo and it was deconsolidated and recorded as an investment in nonconsolidated affiliate at its $564,819 estimated fair value and changed to equity method of accounting. Pursuant to the terms of the Indigo agreement, if the Company determines, in its discretion not to continue to make monthly payments, its 40% ownership interest in Indigo will be decreased according to the payment then made. As of March 31, 2022, the Company did not receive any distributions or dividends from Indigo. In addition, the Company impaired $69,077 of the investment as of March 31, 2022 due to lack of providing financial information from Indigo. As of March 31, 2022, the Company still held approximately 32% of the ownership of Indigo.

As of March 31, 2022, the Company recorded equity method investment in affiliates at $372,330, net with $69,077 loss from equity method investment.