Market Update News

As of mid-June 2026, Minnesota has issued 240 cannabis business licenses from 3,541 applicants, the OCM omnibus bill has reshaped key rules, and a testing lab closure is squeezing supply. Here is what it all means for shoppers, aspiring license-holders, and the state market heading into summer.

Minnesota adult-use cannabis sales hit a record $22 million in March 2026, pushing the year-to-date total to $60 million, even as a stubborn supply shortage keeps wholesale prices above $4,000 per pound and lawmakers debate a sweeping omnibus bill.