Cannacurio: Dispensary & Retailer Leaderboard (2020 Midyear Update)

We are midway through 2020 and the industry has added 667 licenses this year. Those new licenses represent a 9.6% increase from the 6,927 at the beginning of the year. Twenty-one states have added at least one active license this year. Oklahoma still retails the lead and has accounted for 249 of the 667 (37%).

Other states are continuing to issue licenses or are engaged in fights with existing license holders or those that were denied licenses.

  • Rhode Island announced this week that the state Department of Business Regulation will begin accepting applications Friday from businesses hoping to win a license to operate one of six additional medical marijuana dispensaries. This is big news as there are only 3 dispensaries in the state now. To apply, applicants will have to submit a $10,000 fee along with a host of detailed financial information. Winners of the licenses will each have to pay an annual $500,000 licensing fee, considered one of the — if not the — most expensive in the country according to the Providence Journal. By contrast, an Oklahoma cannabis license is $2,500.
  • In Oklahoma a class action lawsuit has been filed against OMMA – the Oklahoma Medical Marijuana Authority with respect to residency requirements. According to the lawsuit, more than 250 businesses are impacted by the residency requirement changes and school distance changes.
  • Missouri, which had a very organized rollout of licenses is now being besieged by lawsuits alleging scorning improprieties from those who were rejected.
  • Florida’s Supreme Court on Tuesday ordered a second round of arguments in a battle about whether the state has properly carried out a 2016 constitutional amendment that broadly legalized medical marijuana.

Key Findings

  • A Rhode Island license carries an annual fee of $500,000 versus $2,500 in Oklahoma!
  • Oregon, Colorado and Washington together only added 57 on a YTD basis
  • Oklahoma leads the nation again with 249 new licenses
  • Michigan came in second with 142 new licenses – up 68% since January 1
2020 New Active Licenses Created by Month / Dispensaries & Retailers
2020 New Dispensary/Retailer Licenses Added

Oklahoma continues to be the hotspot for dispensaries in the United States and accounts for for almost 25% of the nation’s dispensaries/retailers. The rate of issuance has continued to decline since Q319.

Oklahoma Dispensary Licenses Issued By Quarter

Cannabiz Media customers can stay up-to-date on these and other new licenses through our newsletters, alerts, and reports modules. Subscribe to our newsletter to receive these weekly reports delivered to your inbox. Or you can schedule a demo for more information on how to access the Cannabiz Media License Database yourself to dive further into this data.

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