420 with CNW — Marijuana Business Licensing Loses Steam in Q2 in the US
The U.S. marijuana industry continued to shrink in the second quarter of 2025, according to new figures from CRB Monitor, a firm that tracks licensing in the regulated market. The total number of active permits fell 2% during the quarter, leaving 37,889 licensed operators nationwide. The decline is part of a longer trend that began in 2022 after the early boom in marijuana businesses cooled off. Over the last two years, active licenses across the country have dropped by roughly 13%. Analysts point to consolidation in mature states and slower development in emerging markets as the main drivers. Pending and…

















