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For the first time in 2023, US pot business registration decreased.

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Effective pot business licenses in the United States started to decline for the first time in 2023 after decades of double-digit growth.

A recent report from CRB Monitor, a Nashville, Tennessee-based cannabis knowledge company that tracks and monitors licenses, claims as much.

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From 2022 to 2023, active U.S. cannabis firm licenses, including those for the medical and recreational pot areas, decreased by 4 %.

In contrast, during the same time period, the number of active cannabis firm certificates in Canada rose by 2 %.

Since 2019, the total amount of effective licenses in the two nations combined had been almost doubling annually.

But in 2022, when year-over-year growth fell to 28 %, there were indications of a plateau.

In actuality, there were the most effective cannabis licenses in the United States and Canada.

Read the entire Marijuana Business Daily post.

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