U.S. Cannabis Industry Consolidation Accelerates in Q2 While New York Dominates Future Pipeline

The latest quarterly cannabis licensing report from CRB Monitor reveals an industry in the midst of a profound and ongoing transformation. The data for the second quarter of 2025 underscores a clear trend of consolidation and strategic retrenchment across established North American markets, even as nascent markets like New York show explosive, albeit isolated, growth.

Download the full report below.

Brett Goetschius

Brett Goetschius

Brett Goetschius has covered public and private growth capital markets for two decades as a journalist, editor, and publisher. He was the founding editor and publisher at DealFlow Media, where in 2010 he launched The Marijuana Business Report, the first industry news publication dedicated to the regulated cannabis market.

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