15,282 cannabis license records across 9 tracked states

The evidence presents a tension: the index spans 15,282 license records across nine tracked states, but those records are not directly comparable measures of operating capacity. The decision is how much weight to place on headline volume versus status and renewal context.

The signal Cannabis & Capital’s current index contains **11,414 records classified as active or issued**. Separately, **876 records show expiration dates within the next 60 days**, with Oregon holding the largest count in the current index.

The signal is therefore both scale and near-term status exposure—not a clean state-to-state ranking of active cannabis operations.

The numbers - **15,282** license records - **9** tracked states - **11,414** records in statuses classified as active or issued - **876** records with expiration dates within the next 60 days

“Active” and “issued” carry different meanings across regulators, so the combined figure must be read with that qualification.

Why it matters For operators, investors, founders, and advisors, the index is most useful as an administrative map of license records and a way to identify upcoming expiration dates. The **876 near-term expirations create a clear status-verification issue**, but the supplied data do not show whether those records will renew, lapse, or change status.

Original Cannabis & Capital analysis: The figures should not be interpreted as 15,282 directly comparable operating licenses. Cross-state conclusions require additional context because regulators do not use identical license categories or status terminology.

What to watch The next index refresh should be compared with the current **876 upcoming expirations**, particularly whether those records remain active or issued, receive another status, or disappear from the index. Oregon’s next expiration count will test whether its current lead persists. More consistent definitions across regulators would strengthen cross-state comparisons; continued differences would limit them.

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 original Cannabis & Capital analysis of public data.