The U.S. marijuana licensing market remained stable in early 2025, with the total number of active licenses growing less than 1%.
There were 38,509 active business licenses in regulated medical and recreational marijuana markets during the first quarter of 2025, according to a recent report by CRB Monitor, a cannabis intelligence firm that tracks and monitors permits.
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Cannabis licensing growth plateaued in the third quarter of 2024 after two years of contraction, where total licenses declined 13%.
Meanwhile, approved/pending and pre-licensing activities declined in the first quarter of 2025, signaling a slowing of businesses entering the market.
Approved/pending licenses fell 5% for the quarter to 5,095, marking the third consecutive quarterly decline in new license approvals.
Applications set for approval slid 12% to
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