15,694 cannabis license records across 9 tracked states

# The signal

Operators, investors and founders face an operational and portfolio risk decision: within Cannabis & Capital’s index of 15,694 regulator records across nine tracked states, 1,133 records show an expiration date in the next 60 days. That concentration of near-term expirations sits alongside 11,409 records categorized as active or issued — but status terms are not uniform across regulators.

# The numbers

• Total license records in the index: 15,694 (nine tracked states).
• Records listed in statuses classified as active or issued: 11,409 (status terminology varies by regulator).
• Records with an expiration date within 60 days: 1,133; Oregon has the largest count in the current index.

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

# Why it matters

Facts: the index captures regulator-published license records; a nontrivial subset of those records is due to expire soon. Inferences and concrete implications: - For operators: a cluster of expirations increases the near-term administrative workload (renewals, filings, or monitoring for lapses). If a meaningful share of the 1,133 expirations are for licenses your business holds or for critical local competitors, operational continuity and market supply can be affected. - For investors and owners: the 11,409 active/issued records provide a baseline of permitted capacity in the index, but the proximate expirations create potential timing risk for cashflow projections and exit timing if licenses lapse or are delayed in renewal. - For founders and advisors: renewal calendars and state-specific status definitions matter. Because regulators use different status language, the apparent size of the operating base in any given state may not map cleanly to comparable operating capacity elsewhere.

These implications are inferences drawn from the indexed counts and their timing; the underlying causes and outcomes (renewal approvals, voluntary surrenders, or administrative holds) are not specified in the records provided.

# What to watch

The next data point that will strengthen or challenge this interpretation is the regulator-level update on how many of the 1,133 expiring records are renewed, surrendered, or moved to another status. Comparative signals that would change the view: state-by-state renewal rates for this 60-day cohort, and any regulator announcements changing renewal windows or effective dates. A follow-up import that disaggregates expiring records by state (beyond the note that Oregon has the largest count) will clarify where near-term capacity is most at risk.

# 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.