Through May 2020 the business has added 554 licenses 12 months up to now with 88 in April and 77 in May. Those 554 signify an 8% enhance from the 6,927 at the start of the 12 months. Twenty one states have added not less than one energetic license this 12 months. Oklahoma nonetheless retails the lead and has accounted for 201 of the 554 (36%).
- Oklahoma leads the nation once more with 201 new licenses however the charge of issuance is declining
- Michigan got here in second with 114 new licenses – up 50% since January 1
- Altmed Florida is the chief in new shops with 10
In reviewing the commerce names/firms – there are a couple of that opened a number of storefronts because the starting of the 12 months. Four of the leaders added shops in Florida.
Oklahoma continues to be the hots pot for dispensaries within the United States and accounts for 30% of the nation’s dispensaries/retailers. The charge of issuance has declined this 12 months as seen under.
Despite the COVID -19 disaster, states continued so as to add shops though it’s been a troublesome quarter for dispensaries and retailers. They have needed to navigate whether or not they have been important companies in some states, then have been excluded from authorities help and most not too long ago suffered from looting. We’ll report again with Q2 numbers subsequent month.
Cannabiz Media clients can keep up-to-date on these and different new licenses by way of our newsletters, alerts, and studies modules. Subscribe to our e-newsletter to obtain these weekly studies delivered to your inbox. Or you possibly can schedule a demo for extra info on learn how to entry the Cannabiz Media License Database your self to dive additional into this information.
Cannacurio is a weekly column from Cannabiz Media that includes insights from probably the most complete license information platform. Catch up on Cannacurio posts and podcasts for the newest updates and intel.
Ed Keating is a co-founder and Chief Data Officer of Cannabiz Media and oversees our information analysis and authorities relations efforts. He has spent his entire profession working with and advising info firms within the compliance house. Ed has overseen advanced multijurisdictional product strains within the securities, company, UCC, security, environmental and human useful resource markets and focuses on workflow merchandise over the past twenty 5 years. During that point he has labored for each startup and established info firms the place he has led advertising, product administration and gross sales organizations. These firms embrace Wolters Kluwer/Commerce Clearing House, CT Corporation, EDGAR Online and Business & Legal Reports. At Cannabiz Media Ed enjoys the problem of working with regulators throughout the globe as he and his workforce collect company, monetary, and license info to trace the folks, merchandise and companies within the hashish financial system. Ed graduated from Hamilton College and acquired his MBA from the Kellogg School at Northwestern University.