Cannabis License Value Index

A modeled value for every U.S. cannabis license.

Cannalytics holds 74,783 licenses across 31 states and scores every one of them with a machine-learning model trained on state revenue, license fees and market structure. One 0–100 signal of where license value concentrates.

31
States covered
33,392
Licenses operating
45.1
National median score
CLVI readout
—
CLVI score
Select a license
Value signal*
—
— low
— high
A machine learning-derived measure of license value. Not an appraisal, not an opinion of value.
* Sample records only. The businesses, addresses and license numbers shown here are invented for demonstration and do not correspond to any real license or company.
How the score is built

Five pillars, weighted by the model — not by hand.

The model learns how much annual revenue is attributable to each license type in each state, then SHAP values set every pillar's weight automatically. Nobody at Cannalytics chooses the weights.

Weights from the September 2026 build. They are re-derived on every run, so any figure quoted elsewhere must name its build.

Community

Coming soon

A room for operators, investors and analysts to talk license markets is on its way. Check back soon.

Learn more
Data

Free to browse. Priced to build on.

Government-sourced license, fee and revenue data across 31 states. Browsing is free. You pay when you take the data with you or plug it into your own systems.

Browse

Data window

Free
  • A page per state, plus the live Power BI dashboards
  • License counts, fees, revenue, MSO structure and CLVI
  • Community access
Take it with you

Export

Pay per export price in review
  • Filtered license lists and CLVI scores as CSV
  • One-off charge per file — no subscription
  • Licensed for internal use
Build on the index

Data feed (API)

From $125 / month price in review
  • A direct connection your systems call for CLVI scores, value signals and precision tiers
  • Data lands in your own models — nobody downloads a file
  • For funds, platforms and analysts

Every plan requires a free account and acceptance of the terms of use.

Cannabis License Value Index

What the CLVI is, in plain terms.

Every cannabis license in our database gets a score from 0 to 100. The score says where license value concentrates: high-demand, supply-constrained, well-regulated markets score high; saturated markets score low.

The score

0 to 100

A relative position inside the full Cannalytics universe of licenses. A score of 78 means the license sits near the top of that universe, not that it is worth 78 of anything. The national median for an operating license is 45.1.

The value signal

A directional range

The modeled revenue attributable to the license, translated through public cannabis trading multiples. It is a signal produced by a machine, not an appraisal and not an opinion of value.

The precision tier

High, medium or low

How much local data informed the score. High means real state revenue plus a street-level coordinate plus a linked property. Low means the score is built from state-level features only.

Method

Trained on revenue, not on opinion.

The model's target is revenue per operating license: how much annual cannabis revenue is statistically attributable to each operating license of a given type in a given state. It learns that relationship from the 23 states that publish revenue, then applies it everywhere else.

How the model is scored

R² 0.785 and RMSE 0.759, measured on the logarithm of revenue per license, out of sample. On a log scale that is a typical error of about 2.1×, which is the same thing the 69.8% mean percentage error describes in dollars. The two figures are one error seen twice, not two problems.

Trained on 79 state-and-type observations from 23 revenue-publishing states. Any document quoting either figure quotes the build date, the row count and the scale.

Where the inputs come from

State regulator license registries, state published sales and tax data, official fee schedules, U.S. Census demographics and batch geocoding, county parcel valuations, and public cannabis company trading multiples. Every input traces back to a primary source.

Status is a filter, not a discount: five regulator-grounded buckets — operating, pre-operational, recoverable, terminal, unknown — each carrying its own intrinsic score.

How precisely a license can be placed

Coordinates published by a regulator are kept in preference to anything we geocode.

What it is not

It is not a valuation of a business, not a transaction price, and not a statement about any operator's cash flows. Two licenses with the same score can trade at very different prices depending on the operator, the lease, the brand and the buyer.

Real estate enters as a locality-quality measure, not a property appraisal: only 328 licenses carry a parcel valuation, so the rest are scored on ZIP or county property values with the confidence recorded alongside.

Build September 2026 · R² 0.785 on log revenue per license · MAPE 69.8% · panel n = 79 · licenses held 74,783. Restated on every run and published here with the build date.
Community

Coming soon

We're building a community room for operators, investors and analysts. It isn't open yet, and we'll announce it here when it is.

Data

Thirty-one states, one map.

Every state we hold is a page of its own: how many licenses are operating, what a license costs, what the market produces, and how the CLVI reads it. Click a state to open it.

Median CLVIsaturated → scarce
In the database, median pending this build
No cannabis programme we track

Shaded states carry a median CLVI of operating licences from the September 2026 build. Dashed states are in the database but their state-level median is not published in this build.

Prefer the full dashboards?
The live Power BI platform is still there, with every filter, tooltip and cross-state view. The state pages above are the public, linkable layer on top of it — the part a search engine and a first-time visitor can actually reach.
Open the live platform
Access

Three ways in, one account.

Browsing is free and always requires an account and acceptance of the terms of use. Everything beyond browsing is where a paid agreement starts.

Browse

Data window

Free
  • A page per state, plus the live Power BI dashboards
  • CLVI scores and precision tiers on screen
  • Community room access
  • No download, no redistribution
Take it with you

Export

Pay per export price in review
  • Your current filter, delivered as CSV
  • License detail, fees, revenue context, CLVI score and value signal
  • One-off charge per file, no subscription
  • Internal use license, named company
Build on the index

Data feed (API)

From $125 / month price in review
  • A direct connection your systems call, so scores land in your own models automatically
  • CLVI score, value signal, precision tier and license detail per record
  • Refreshed on every pipeline run
  • Annual agreement, seat and volume based
Internal note for review: export pricing and the feed tier are placeholders. The three cards map one-to-one onto the three data windows — browse, export, feed — which is the alignment that was missing in the previous draft.

What you can do with the data

Use it inside your own organisation: research, screening, diligence, models and internal reports. Cite Cannalytics when a figure appears in something you publish.

What you cannot do

Resell it, republish it as a dataset, feed it into a competing data product, or train a model on it. Those need a separate written agreement.

Read the terms of use