14,941 cannabis license records across 9 tracked states

The signal

Regulator data show a large stock of license records across nine tracked states, but the picture for operating continuity is clouded: 11,360 records are in statuses classified as active or issued, and 944 records in the index have an expiration date within the next 60 days (Oregon has the largest count of those expiring). This creates a short-term decision point for operators and capital providers about how much capacity is actually dependable.

The numbers

• Total license records in the index: 14,941 across nine tracked states.
• Records in statuses classified as active or issued: 11,360. (Status terminology varies by regulator.)
• Records with an expiration date in the next 60 days: 944; Oregon has the largest count within the current index.

Why it matters

Facts: regulators’ public lists contain many license records, and the index aggregates those records without standardizing status language across states.

Inferences and concrete implications (separate from the facts above): - Operators: near-term expirations increase the importance of tracking renewals and compliance calendars; capacity planning should account for the possibility that some expiring records may not convert to continuations of operating authority. - Investors and acquirers: underwriting that assumes all indexed records represent continuing operating capacity risks overstating available licenses; due diligence should verify current post-expiration status rather than relying on an index count alone. - Founders and management teams: upcoming expirations create timing risk for deals, partnerships, or expansion that depend on license continuity. - Advisors and service providers: demand for renewal support and regulatory monitoring could concentrate around the next 60-day window; state-specific status terminology will make cross-state comparisons fragile.

What to watch

• The outcome of the 944 records with expirations in the next 60 days: how many are renewed, extended, or removed from the index.
• State-by-state breakdown of active/issued versus other statuses to test whether any single state is driving the gap between total records and active/issued records.
• Regulatory developments that change renewal windows, grace periods, or automatic extension policies—such changes would strengthen or challenge interpretations about short-term capacity risk.
• Any updated regulator imports that revise the index counts or status terminology; repeated imports showing stability would strengthen confidence, while large revisions would weaken it.

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. This is an original Cannabis & Capital analysis of public data.