Cannabiz Media Blog

For a decade, Cannabiz Media has tracked cannabis market trends, now expanding to THC beverage licensing. States are taking varied approaches—California enforces strict bans, while Minnesota allows sales alongside alcohol. Major players like Green Thumb Industries are investing, signaling industry growth. Explore how state regulations are shaping this emerging market.

2024, like every cannabis year that precedes it, was unique. Over the last 12 months we had a presidential election, several state referenda, and the slow-moving rescheduling process. Through it all, the regulators continued the hard work of standing up new programs, and issuing licenses, renewals, violations and recalls.

Verifying operator legitimacy, leveraging cannabis compliance tools, and enhancing operational efficiency through seamless integrations with verified business intelligence establishes trust, avoids costly mistakes, and safeguards your operations in an industry under increasing scrutiny.

In this episode of the Cannacurio Podcast, Ed Keating chats with Brett Gelfand, founder of CannaBIZ Collects and the Cannabiz Credit Association. They discuss Brett's journey from Colorado's cannabis market to pioneering solutions for credit and collection challenges in the industry. Learn how these organizations are transforming financial practices by leveraging data and collaboration to drive smarter credit decisions and foster business stability. Tune in for insights on navigating the industry's financial complexities and predictions for its future.

Cannabiz Media has partnered with the Cannabiz Credit Association to integrate their data sets, providing valuable insights for cannabis businesses and financial institutions to guide strategic decisions and manage risk effectively.

In the last of our Q3 license recaps, we turn to manufacturing, the least volatile of the three activities we cover in these quarterly posts. They serve as important assets for companies because the products are often powerful brands. These brands, unlike license assets, can cross state lines and help well established companies thrive and build market share. They are also useful for the license holder as these facilities can be used for white label production – therefore expanding the value of the asset.

Following up on our recent overview of Q3 licensing, we now delve into the cultivation licenses issued in the third quarter of 2024. These snapshots derived from our Cannabiz Business Intelligence platform show where new licenses are being created and the total number of licenses and facilities in the US.

Cannabiz Media, a trusted leader in data & intelligence for the cannabis industry, wins the prestigious CannaTech Innovation Award, highlighting their dedication to innovation and impact on the industry's growth. With over a decade of experience, Cannabiz Media continues to provide innovative insights for businesses, key players, and industry leaders.

Q3 2024 saw significant growth in cannabis dispensary and retailer licensing, with 535 new licenses issued—a jump from Q2’s 456. Key players like New York, Ohio, Michigan, New Jersey, and Puerto Rico accounted for 73% of these new licenses.

Choosing the right cannabis industry-specific CRM solution is important! Review the challenges faced without well-informed CRM software as well as a step-by-step guide on how to choose the best CRM for cannabis businesses. Learn how to assess key features, user experience, case studies, pricing, and future trends in cannabis CRM solutions.

The largest cannabis industry event of the year, MJBizCon, will be lighting up Las Vegas, Nevada, from December 3 through December 6, 2024, and the Cannabiz Media team will be at Booth 6414 in the Central Hall of the Las Vegas Convention Center throughout the expo. And we’re coming with BIG news…

We are three quarters of the way through 2024 and 2,211 new licenses were issued in Q3. This was the strongest quarter of the year and was given a boost from new licenses in Ohio and New York.