14,544 cannabis license records across 9 tracked states

# The signal The index shows most regulator-tracked licenses flagged as active or issued, but a meaningful cluster of expirations is looming — concentrated enough in one state to force near-term operational and diligence decisions. Operators and capital providers must choose whether to assume license continuity or to price in potential churn while regulators publish updated status data.

# The numbers - Total records in the index: 14,544 across 9 tracked states. - Records in statuses classified as active or issued: 11,182 (≈76.9% of index records). - Records showing an expiration date within the next 60 days: 847 (≈5.8% of index records); Oregon has the largest count in the current index.

State license categories and status terminology are not identical, so cross-state totals describe records in the index rather than directly comparable operating capacity.

# Why it matters Facts - The regulator-backed index contains 14,544 records and identifies 11,182 as active or issued. - 847 records in the index list expirations inside the next 60 days; Oregon holds the largest count of those.

Implications (separating observation from inference) - For operators: fact — a nontrivial number of indexed licenses expire imminently. Inference — that creates near-term administrative and renewal workload and a risk vector for continuity of operations if renewals are delayed or denied. - For investors and acquirers: fact — many licenses are recorded as active/issued in the index. Inference — valuation and deal timing should account for the calendar risk of forthcoming expirations and the potential for state-by-state differences in renewal outcomes. - For founders and advisors: fact — the dataset shows concentrated near-term expirations in at least one state. Inference — diligence and transaction timelines should explicitly track expiration dates and documented renewal filings rather than relying solely on an active-status flag. - For market watchers: fact — cross-state totals are aggregates of regulator records with nonuniform status terms. Inference — simple cross-state headline comparisons overstate comparability; regulators’ definitions and reporting cadence will affect perceived supply and churn.

# What to watch - The next regulator data refresh for each tracked state, especially updates to license status and expiration fields (this will show actual renewals, lapses, or administrative holds). - State-by-state counts of renewal filings and posted renewal outcomes to test whether imminent expirations convert to renewals or lapsed licenses. - Oregon-specific renewal outcomes for the 847 expiring records (since OR has the largest count in the current index) to confirm whether the concentration is operational, administrative, or temporary. - Any regulator announcements changing renewal windows, filing requirements, or fee schedules that would materially affect near-term renewal success rates. - A cross-state comparison of active/issued share over time to see whether the 76.9% figure is stable, improving, or deteriorating.

# Methodology Counts are calculated from the latest license records imported from state regulators. State license categories and status terminology are not identical, so cross-state totals describe records in the index rather than directly comparable operating capacity.

Original Cannabis & Capital analysis of public data.