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.
Based on the Cannabiz Media License Database, the industry issued 2,867 licenses for dispensaries and retailers last year.
- Oklahoma issued 1,510 licenses in 2019 which brings their total to over 2,200 since the start of their program.
- Oklahoma issued more dispensary licenses than all the other states combined last year.
- California issued 628 but these were essentially re-issues of the temporary licenses that had expired.
- Other states of note were Michigan with 125, Florida at 123, and Oregon at 99.
- The top five states accounted for 87% of the new dispensary/retail licenses issued.
Looking ahead into 2020 – Missouri will be atop the January leaderboard with 192 dispensaries issued on January 24. To no one’s surprise, Oklahoma has already issued 39 dispensary licenses in 2020.
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.
Ed Keating is a co-founder and Chief Data Officer of Cannabiz Media and oversees our data research and government relations efforts. He has spent his whole career working with and advising information companies in the compliance space. Ed has overseen complex multijurisdictional product lines in the securities, corporate, UCC, safety, environmental and human resource markets and focuses on workflow products over the last twenty five years. During that time he has worked for both startup and established information companies where he has led marketing, product management and sales organizations. These companies include Wolters Kluwer/Commerce Clearing House, CT Corporation, EDGAR Online and Business & Legal Reports. At Cannabiz Media Ed enjoys the challenge of working with regulators across the globe as he and his team gather corporate, financial, and license information to track the people, products and businesses in the cannabis economy. Ed graduated from Hamilton College and received his MBA from the Kellogg School at Northwestern University.