After years of double-digit growth, active marijuana business licenses in the United States declined for the first time in 2023.
That’s according to a new report by CRB Monitor, a cannabis intelligence firm in Nashville, Tennessee, that tracks and monitors licenses.
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Active U.S. cannabis business licenses – including those in medical and recreational marijuana markets – declined 4% from 2022 to 2023.
By contrast, the number of active Canadian cannabis business licenses increased 2% during the same period.
The total number of active licenses in the two countries combined had been doubling nearly every year since 2019.
But signs of a plateau appeared in 2022, when year-over-year growth slid to 28%.
In fact, the number of active U.S. and Canadian marijuana licenses peaked
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