Get the latest cannabis and hemp industry news and insights.
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
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
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
So far this year, 14 states have added a total of 276 new cannabis dispensaries/retailers. The largest contributor was not California nor Oklahoma - it was Arizona. Read on for more details.
March 23, 2021
Through May 2020 the industry has added 554 licenses year to date with 88 in April and 77 in May. Those 554 represent an 8% increase from the 6,927 at the beginning of the year.
June 9, 2020
Many companies track dispensary and retail licenses because this is where commerce is transacted with patients and consumers. To many it is the best way to gauge the health of the cannabis economy, and it allows analysts to forecast sales, growth, and profits – among other metrics.
January 27, 2020
As more states approve medical and recreational cannabis sales, the number of licensed cannabis retailers and dispensaries continues to grow. So far in 2019, cannabis retailers and dispensaries have been at the crux of rapid growth and change.
March 19, 2019
.jpg)
.png)