Here’s what’s opening and the timing that matters:
The Setup: 35 cultivation + 17 dispensary licenses total. 2M+ tourists per year. Applications close in less than 60 days.
The Opportunity: Prime locations near cruise terminals will command best upside.
The Catch: 51% ownership must meet local residency requirements. This blocks most mainland operators unless they partner locally.
CannDev Position: We’ve secured properties with qualified local partners. Ready to move serious operators into the Caribbean’s gateway market.
Contact us here to find out more
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WASHINGTON DC – AVAILABLE NOW
The Shift: 50+ illegal gifting shops padlocked. Legal operators finally have clear runway.
The Market: Legal demand growing fast. High income demographic. Out-of-state buyers represent 50% of DC cannabis sales.
Who This Is For: Medical retail experienced operators. Displaced gifting shop owners ready to go compliant.
CannDev Position: We control a conditional medical retail license. Free license assignment with qualifying real estate deal, or $50k direct purchase.
To discuss please contact us here
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RHODE ISLAND – COMING 2025
The Framework: 24 new retail licenses via lottery system. 6 geographic zones, 4 licenses per zone (2 regular + 1 social equity per zone).
The Numbers: 1.1M residents, one of the most densely populated states. Adding to only 7 existing medical dispensaries.
The Reality: Real estate required to apply. Meeting coming up this month with expected rollout announcement.
CannDev Position: Actively securing locations across all 6 zones. We have properties available and will share soon. Get positioned before lottery announcements.
Contact us here to get added to our RI list so you can gain access to these deals
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NEBRASKA – APPLICATIONS OPENING ANY DAY
The Deadline Pressure: Emergency medical regulations just released. Must start issuing registrations by October 1st, 2025.
The Framework: 12 dispensary licenses maximum (1 per judicial district).
The Math: ~2M population ÷ 12 licenses = 167,000 people per dispensary.
The Restrictions: 100% non-transferable licenses. 51% ownership must be 4+ year Nebraska residents.
CannDev Position: Mapping optimal locations and identifying compliant municipalities now.
To get access to our Nebraska deal alert list please contact us here
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MINNESOTA – TIDAL WAVE HITTING NOW
The Reality: A flood of operators are entering Minnesota’s market and fighting for position.
CannDev Locations: We have secured multiple compliant sites across capped and uncapped markets. High-traffic locations with 12-month licensing contingencies.
The Urgency: With many capped markets and a first come first served license scheme timing is everything. Preliminary approval holders can lock in spots while others are still figuring out where to go.
M&A: We also have access to licenses for sale for qualified operators. Multiple retail licenses with local registration secured seeking a buyout.
Contact us here to get details on Minnesota opportunities
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THE M&A REALITY: WHY SMART MONEY IS MOVING
Here’s the pattern most operators miss:
2018: California licenses selling for $8M. Smart money sold immediately.
2024: Those same licenses being handed over for free just to escape lease obligations.
The Cycle: Every cannabis market follows the same pattern. License values peak year one, then crater 80%+ when supply floods.
Current Reality:
- Michigan flower: down 87% in 4 years
- $1.83B debt wall hitting MSOs by 2026
- California operations selling for 75% off peak valuations
The Window: We’re in the sweet spot. Growth markets opening (the ones above coming in 2025), mature markets selling proven operations at massive discounts.
What’s Available NOW:
- Ohio Portfolio: 3 Retail + Grow. Paper licenses asking $18M
- California Proven: $2.4M revenue, $215K profit for just $1.8M
- New York City: $4M+ revenue run rate, $3.5M asking
- Kentucky Regional Licenses: $2.1M-$4M paper licenses with locations across multiple regions
- Connecticut Vertical: First approval wave, $1.75M
- Illinois Turnkey: $2M+ revenue, $2.1M asking
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THE BOTTOM LINE
Focus on cycles.
The operators building real wealth aren’t waiting around. They’re moving while the cycles work in their favor depending on the market opportunity.
If you want positioning in any of these markets, the window is closing fast.
Ready to move?
- USVI: DM immediately – September 30th deadline
- Rhode Island: Get on our location list before lottery opens
- DC: Have a compliant site? Free license assignment available
- Nebraska: Applications opening any day – need local partnerships
- M&A Deals: Full list throughout the US available
Questions? Reply to this email.
The next 90 days will determine who gets positioned and who gets left behind.
The cannabis market doesn’t wait. Neither should your expansion strategy.
To gain access to these more info on our locations please reply to this email.
P.S. Want the full breakdown on that $8M California lesson and what it means for current markets?
Read the complete analysis here
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Who is CannDev?
CannDev is a cannabis retail developer with 150+ projects launched nationwide.
We help operators expand by securing prime locations, handling zoning/regulatory work, and offering lease-back deals so you scale without tying up capital.
We provide market intel: Traffic counts, demographics, and competition analysis for data-driven decisions.
If you’re an MSO or up and coming operator we get you open, licensed, and operational faster.
