Despite a few states launching their legal cannabis programs, business licensing in the United States and Canada plateaued in 2023. After six years of growth, companies in larger, more mature states struggled to optimize their operations amid falling product pricing, penalizing tax policies and a Balkanized marketplace thwarting economies of scale.
Read CRB Monitor’s 2023 Business License Activity Review to get the full picture of cannabis business licensing, including applications, approved licenses and active operations.
Among the licensing highlights in our exclusive research report:
This issue also features a roundup of U.S. legislation, regulation and markets in 2023.
And find out which states may become new adult-use markets in “What to watch for in 2024.”
Want more of CRB Monitor’s insights into licensing data, cannabis business securities and industry news? Subscribe for our premium content and newsletters.
Brett Goetschius
Editorial Director, CRB Monitor
Wondering what a Tier 1, Tier 2 or Tier 3 CRB is?
See our seminal ACAMS Today white paper Defining "Marijuana-Related Business" and its update Defining "Cannabis-Related Businesses."