Now that 2023 has wrapped up we want to share our annual license round-up of which states issued the most dispensary/retailer licenses as well as trends that affect various parts of the value chain. In 2023 1,695 new dispensary and retailer licenses were issued and 4 states accounted for 60% of these licenses. This is well down from 2,750 in 2022 and 2,602 in 2021.
January 19, 2024
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On this Cannacurio episode, Ed and Lou Rinaldi, a cannabis patient advocate, discuss how he got his start in this very public advocacy role, the truth about cannabis testing and the expose that blew the lid off of testing lab standards, the state of movement in Connecticut, and so much more!
December 20, 2023
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On this Cannacurio episode, Ed and Jacques Santucci of Opus Consulting discuss his years of leadership experience that eventually led him into the cannabis space, his success in working with Indigenous American tribes, the current state of the market, and what trends we should be looking out for, and so much more!
November 28, 2023
We have reviewed the new store, cultivation, and manufacturing licenses issued through Q3 in a series of blog posts. In this post, we will highlight the overall trends and share details on license growth and contraction in key states.
November 22, 2023
Of the three most common cannabis licenses, manufacturing licenses are the least prone to volatile swings. At the end of Q3, there were 6,304 manufacturing licenses in the database at 5,771 facilities.
November 9, 2023
Following up on our recent review of dispensaries and retailers, we now delve into cultivation licenses. These “census” snapshots, derived from our Cannabiz Business Intelligence Platform, highlight where new licenses are being issued.
November 2, 2023
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On this Cannacurio episode, Ed and Lisa Buffo of the Cannabis Marketing Association discuss how she got her start in marketing, why she decided to start CMA, the benefits of being a member, their awards program, and so much more!
October 31, 2023
Here is our round-up of states that issued dispensary/retailer licenses in the 3rd quarter of 2023. So far this year we added 716 stores in Q1 2023; 471 in Q2 and just 361 in Q3. 5 states accounted for 69% of these Q3 licenses: New Jersey, Michigan, California, New Mexico, and Maine.
October 24, 2023
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On this Cannacurio episode, Ed and Liesl Bernard of CannabizTeam discuss her start as a CPA and how she got her initial start in Recruiting, the current state of hiring within the industry, how they are approaching the market here in the US and beyond, and so much more!
September 19, 2023
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On this Cannacurio episode, Cannabiz Media’s Chief Data Officer, Ed Keating recaps the Dispensary & Retailer, Cultivation and Manufacturing licensing activity & leaderboards for Q2 2023. Plus he touches on the unlicensed market, and the current moratoriums in place.
August 24, 2023
We have reviewed the new store, cultivation, and manufacturing licenses issued through midyear in a series of blog posts. In this post we will highlight the overall trends and share details on license growth and contraction in key states.
August 22, 2023
Of the three most common cannabis licenses, manufacturing licenses are the least prone to up or downward swing. There are currently just over 6,153 manufacturing licenses in the Cannabis Market Intelligence Platform at 5,771 facilities. At the end of Q1 we tracked 6,200 licenses at 5,800 facilities.
August 10, 2023
Wells Fargo Equity Research has released the Cannabis Cultivator Survey Edition 3 report based on data collected with Cannabiz Media in Spring 2023 through one of the most comprehensive outreach programs to cannabis cultivators. The third edition of the survey report includes new and updated data from cannabis cultivators in eight key states as well as comparisons to data reported in the Cannabis Cultivator Survey Edition 2 that was collected during Fall 2022 and released in February of this year.
August 4, 2023
Following up on our recent review of dispensaries and retailers, we now delve into cultivation licenses. These “census” snapshots derived from our Cannabiz Business Intelligence platform show where new licenses are being created. 9% fewer cultivation licenses were issued in Q2 versus Q1 and Oklahoma’s numbers dropped drastically as the moratorium took effect.
August 2, 2023
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On this Cannacurio episode, Ed and David Friedman of Panther Capital discuss his background in finance and how he entered the cannabis space, all things mergers and acquisitions in the software space, trends that we should be looking out for, and so much more!
July 26, 2023
With Q2 2023 in the books we want to share our quarterly round-up of states that issued dispensary/retailer licenses. We ended 2022 with 2,750 licenses, with Q1 2023 adding 699. Q2 saw the addition of 587 – 16% fewer than the preceding quarter.
July 24, 2023
We recently researched the cost to purchase a cannabis store in Cannacurio #75 and found that prices varied greatly by year and state – as well as the purchaser’s overall strategy. Soon after we shared that analysis, Terrascend purchased two different dispensaries – one for $22 million and one for $6.75 million. This begged the question as to whether these purchases were exceptional by Maryland standards.
July 5, 2023
For this Cannacurio analysis we wanted to explore the prices paid for retailers and dispensaries. To do this we researched the 600+ M&A transactions we have compiled in our Cannabiz Business Intelligence offering and removed any stores that were part of a deal where other license types were also sold. That left 170 stores sold in sixteen states. We included both closed and announced deals but ignored those deals that were cancelled.
June 27, 2023
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On this Cannacurio episode, Ed and Kaliko discuss how he became a full time cannabis activist, all things MCBA and the objectives behind the association, a deep dive on social equity programs from regulators, and so much more!
June 19, 2023
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On this Cannacurio episode, Cannabiz Media’s Chief Data Officer, Ed Keating, does a recap of the new store, cultivation, and manufacturing licensing activity & leaderboards by state between January-March 2023. He also discusses what the heck is going on with Oklahoma.
May 19, 2023
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