Cannabis & Capital analysis
Active-status headline meets near-term license expiration risk
The index counts 11,373 active or issued records, but 907 carry expiration dates within 60 days—raising questions about how durable the headline status count is.
The signal
The active-status headline and the near-term expiration count point in different directions: 11,373 records are classified as active or issued, while 907 have expiration dates within the next 60 days. With terminology varying across nine states, the decision raised by the data is how much weight to place on apparent continuity.
The numbers
- The current index contains 15,217 license records across nine tracked states.
- 11,373 records are classified as active or issued, although status terminology varies by regulator.
- 907 records have an expiration date within the next 60 days.
- Oregon has the largest count within the current expiration group.
Why it matters
The active-or-issued total provides scale, but it does not resolve the dated uncertainty attached to 907 records. The fact that state license categories and status labels differ means the aggregate is not directly comparable operating capacity.
For operators, investors, founders, and advisors, the useful distinction is between records currently carrying an active or issued label and records approaching a dated status event. Oregon’s leading expiration count makes it a relevant state-level starting point, but the data does not establish why the count is largest.
What to watch
The next index refresh should show how many of the 907 records remain active or issued, receive later expiration dates, or move to another status. A state-by-state comparison of those outcomes would strengthen or challenge the interpretation of the current active-or-issued total. Changes in regulator status labels or license-category definitions would also improve comparability.
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.