Cracking open the data vault with insights from the most comprehensive cannabis market intelligence platform.

In this episode of the Cannacurio Podcast, Ed Keating chats with Joseph Edwards, Chief Science Officer at Yofumo. They discuss Joseph’s journey from biochemistry and engineering to pioneering cannabis decontamination and curing technologies. Learn how Yofumo’s ozone-based systems are helping operators meet microbial compliance standards, preserve product quality, and embrace sustainable practices. Tune in for insights on evolving state regulations, consumer-driven cultivation trends, and Yofumo’s expanding global footprint beyond cannabis.

Cannabis manufacturing licenses grew 27% in 2024 with 945 new licenses, led by New York and New Mexico. The total number of manufacturers held steady at 5,940, highlighting the sector's stability. Manufacturing licenses are valuable for brand development and white-label production, making them crucial assets in the evolving cannabis market.

Cannabis cultivation licenses rebounded in 2024, with 3,369 new licenses issued—Michigan (1,079) and Oklahoma (1,039) leading the way. However, oversupply and price pressures remain major concerns, with wholesale cannabis prices dropping as low as $150 per pound. Read the full breakdown of 2024’s cultivation leaderboard and market insights.

Cannabiz Media’s Chief Data Officer, Ed Keating, does a recap of the 2024 Licensing Leaderboards and shows you what we've seen in looking back at all the licenses that were issued.

Cannabis retail stores saw 7% growth nationally in 2024, with new markets like New York driving expansion. As states like Delaware, Kentucky, and Minnesota roll out programs in 2025, THC beverages are also making an impact through mail order and liquor store sales. Cannabiz Media keeps customers informed with the latest licensing data through newsletters, alerts, and reports.

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.

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.

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.

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.

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.