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We are past the midpoint of 2024 and it is time to review which states have added and dropped licenses in the second quarter. In our Q1 review, we highlighted the states that were accelerating their rollouts or trying to add an adult use program to a medical one. However, in Q2 we were inundated with programs in turmoil...
July 19, 2024
To some fanfare, Ohio pushed up their timeline for adult use cannabis to be made available in the state. Instead of a September 7th launch, the regulators approved 60 licenses soon after the window opened on June 7th. Some outlets reported that 62 licenses were issued but upon closer inspection, two had the same address as the regulator in downtown Cleveland and were labeled TEST. Best to ignore those. This post gives a breakdown on license types issued.
June 25, 2024
2023 was a unique year for cannabis licensing. The industry contraction continued with license counts dropping, fewer new licenses being issued, and Oklahoma’s moratorium finally took effect. This post will explore how things changed during the first quarter of 2024 and what the next few quarters may bring.
May 23, 2024
Now that Q1 has wrapped up we want to share our quarterly round-up of which states issued the most dispensary/retailer licenses. We tallied 333 new dispensary/retailer licenses were issued in the quarter and New Jersey and Michigan each accounted for about 20% of the 333. In Q1 2023 there were 699 licenses issued.
April 30, 2024
Since we founded Cannabiz Media, we have often looked back to report on the licenses that had been issued by state, activity and status. In this post we are taking a look forward at jurisdictions that will “likely” be issuing tranches of new licenses in the coming year.
March 19, 2024
Cannabiz Media has been tracking license violations and product safety recalls as part of its market intelligence platform for nearly a decade. With years of industry data at our fingertips, our research team recently undertook an effort to organize and categorize compliance data into a cohesive, digestible tool: a violations and recalls dashboard. This post dives into that dashboard.
February 29, 2024
2023 was a unique year for cannabis licensing. The industry contraction continued with license counts dropping, fewer new licenses being issued, and Oklahoma’s moratorium finally taking effect. In this post, we compare key figures of 2023 with past years.
February 14, 2024
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
Organized labor is gaining traction within the cannabis space as some prominent union-friendly states also have high-value cannabis markets. We researched state and federal filings and press releases to compile the information on the 828 facilities that have either a union in place or a labor peace agreement.
December 11, 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
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
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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
The US cannabis unlicensed market is estimated to be about $60 billion in sales – or more than twice the licensed market size of about $30 billion. Starting at the end of 2022, Cannabiz Media’s research team sought to find these unlicensed businesses and add them to the database. As the industry’s database of record, it was a gap that we thought needed filling.
July 17, 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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