Market Overview

Real-time intelligence on Minnesota's cannabis market. Track licenses, sales, pricing trends, and industry growth.

Verified Market Statistics

Mar 2026
Licenses Issued

200

41% social equity

2026 Sales

$36.9M

2026 YTD (Jan-Feb)

Medical Patients

50,377

2,654 practitioners

Plants in Tracking

75,000

Seed-to-sale tracked

Market MilestonesVerified

Key events in Minnesota cannabis history (verified from official sources)

Regulatory

OCM announces LPHE license applications resume April 1; hemp product transition period ends March 31

Sales

Nearly $40M in sales for Jan-Feb 2026; ~200 licensed businesses including 127 retailers

Regulatory

OCM launches Cannabis Market Monitor dashboard with monthly statistics

Sales

118 cannabis business licenses issued, $122.5M in 12-month sales

Sales

First state-licensed adult-use retail sales begin

Licensing

1,203 preliminary approvals issued (OCM Dashboard)

Licensing

First cannabis business license issued to Herb Quest LLC (SE microbusiness)

Market ProjectionsEstimates

From OCM Cannabis Market Size and Growth Study

These are projections, not actual data. Market size estimates will be updated with real figures once OCM publishes sales data.

Year 1 (2025-26)$350.0M
Adult-Use: $250.0MMedical: $100.0M
Year 2 (2026-27)$750.0M
Adult-Use: $625.0MMedical: $125.0M
Year 3 (2027-28)$1.1B
Adult-Use: $975.0MMedical: $125.0M
Year 5 (2029-30)$1.5B
Adult-Use: $1.4BMedical: $125.0M

* Projections based on OCM demand study. Actual results may vary based on regulatory timeline, market conditions, and consumer adoption.

About This Data

Market data is updated monthly from the Minnesota Office of Cannabis Management (OCM). All licensed cannabis businesses are required to report sales, inventory, and cultivation data through the state's seed-to-sale tracking system.

Sales data: MonthlyLicense data: WeeklyPricing data: Monthly