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Through July 2020 new dispensaries and retailers continue to enter the marketplace. So far this year we have tracked 781. Those licenses represent an 11% increase from the 6,927 at the beginning of the year. 21 states have added at least one active license this year. Oklahoma still retains the lead and has accounted for 261 of the 781 (33%).
- Oklahoma leads again with 261 new licenses
- Michigan came in second with 182 new licenses – up 80% since January 1
- California is third with 70 new licenses
Michigan continues to issue licenses at a healthy clip. They accounted for 40 of the 93 (43%) issued nationwide in July.
Thanks to being certified as essential businesses, cannabis retailers and dispensaries continue to thrive. The table above shows that six of the states (Oklahoma, Michigan, California, Florida, Massachusetts, and Illinois) have all added new stores in their states every month this year. Even mature markets like Oregon, Colorado and Washington have brought new licenses online. It will be interesting to see what kinds of license schemes are developed when new states pass referendums in November – will they opt for Oklahama’s free-for-all or Rhode Island’s $500K per license model?
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.
Cannacurio is a weekly column from Cannabiz Media featuring insights from the most comprehensive license data platform. Catch up on Cannacurio posts and podcasts for the latest updates and intel.