National Roundup: October 2026
Here is your October 2026 National Roundup. This issue covers the month’s biggest state news and regulatory movement, from a landmark sales milestone to a high court ruling and a wave of new licenses, plus the M&A activity reshaping the national map.
News + Regulatory
Minnesota: $250M in First Full Year of Adult-Use
Minnesota closed out its first full year of non-tribal adult-use retail, and the state Office of Cannabis Management reported $250 million in combined sales in figures published September 15. Adult-use accounted for $150 million and medical for $100 million across 1.2 million transactions, with 369 licensed businesses now operating. Social equity applicants hold 43% of those licenses, and supply has climbed to 102 cultivators permitted for 486,720 plants, up from 11 operators during the 2025 crunch.
Read the full Minnesota edition.
Florida: 22 New Vertical Licenses Granted
On September 11, 2026, the Florida Department of Health issued a Final Order that closed the April 2023 application cycle and granted 22 new vertically integrated licenses. More than 70 applicants had submitted comprehensive MMTC applications in 2023, and the awards went to the original winners selected during comparative scoring. Within 10 business days of licensure, each new MMTC must post $5 million in financial assurance.
Read the full Florida edition.
Nebraska: Supreme Court Upholds Medical Cannabis, Fee Hearing Set
The Nebraska Supreme Court unanimously upheld the voter-approved medical cannabis laws, and the medical cannabis commission has set a public hearing for October 15 from 1 p.m. to 4 p.m. at 301 Centennial Mall South in Lincoln. The hearing takes comments on proposed amendments that establish application, registration, renewal, and other fees, with written comments accepted through 11:59 p.m. on October 15. Manufacturer license applications remain open through December 14.
Read the full Nebraska edition.
Michigan: Record $2M Fine, Court Voids $31.8M Judgment
Michigan‘s Cannabis Regulatory Agency issued a record $2 million fine and shut down the licensed manufacturer behind Muha Meds, while the Sixth Circuit erased a $31.8 million contract judgment against Curaleaf subsidiaries. In Menominee, Judge Mary Barglind cleared a ballot measure for the November 3 vote on whether to raise the city’s dispensary cap from 9 to 13. The measure had been challenged by a group arguing the petition failed to meet state legal requirements.
Read the full Michigan edition.
New York: 87 Retailers in Debt, Record Illicit Seizure
At OCM’s September 10 Cannabis Advisory Board meeting, the agency reported that 87 retailers, roughly 12% of the licensee base, sit on the cash-on-delivery list owing about $3.89 million to 44 suppliers. The average listed retailer owes roughly $45,000 and runs about 281 days delinquent, and COD tracking has moved into Metrc for transaction-level visibility. OCM also reported seizing more than $17 million in illicit products and equipment in a joint Rochester-area operation, described as its largest seizure to date.
Read the full New York edition.
M&A Roundup
Curaleaf Bids $270M for Aurora, Vireo Eyes 270 Doors
Curaleaf launched an unsolicited $270 million cross-border bid for Aurora Cannabis while Vireo Growth pressed an acquisition campaign targeting roughly 270 dispensaries across Florida, Nevada, and beyond, closing its Nevada tuck-in and advancing announced deals with FLUENT, C21, and Planet 13.
Read the full CannDev edition.
💼 THIS MONTH’S CANNABIS DEALS
Gainesville, FL
Asking: $3,170,000
- Clean, fully awarded MMTC license with a near turn key starter facility, positioned for a fast track to all three required state authorizations
- Flexible lease on an expandable 10 acre site with 25,000 sq ft improved, including cultivation, processing, and dispensing infrastructure, plus abundant water, available power, and agricultural zoning
- Landlord will fund up to $5M for expansion, with an option to lease neighboring parcels including a 12,000 sq ft indoor growing facility and 19,000 sq ft of greenhouse space
- Includes a qualified 5+ year Florida domiciled corporation and nursery permit, plus approximately $750K in equipment, consumables, and vendor deposits
- Seller financing available up to the full price at 12.75% APR over up to 60 monthly payments, with 10 day due diligence
Florida MMTC Licenses, No Infrastructure
Asking: $1,900,000
- Fully awarded MMTC licenses available without infrastructure
- Turnkey cultivation and manufacturing sites available to pair with the license
- Sites can be matched to buyer size expectations and preference for greenhouse or indoor cultivation
Bergen County, NJ
Asking: $1,500,000
- 1,778 sq ft space within a 7,200 sq ft multi tenant strip center
- 40 parking spaces
- 24 month entitlement period at $3,500 per month
- Post entitlement rent of $9,779 per month
- Open and operating, but currently mismanaged
Peekskill, NY
Asking: $1,800,000 (recently reduced)
- $2.8M revenue over the last 12 months
- EBITDA over $200K, excluding owner salaries
- Sellers recently reduced price to move quickly
Queens, NY
Asking: $850,000
- Rare operational store opportunity under $1M
- $1.2M in revenue
- Double digit EBITDA
Brooklyn, NY
Asking: $2,750,000 (price just reduced)
- Open just over 12 months
- $2.6M gross revenue over the last 12 months with increasing revenues
- $850K net profit over the last 12 months
- $25,750 monthly rent on a 10+ year lease for a 2,000 sq ft space
- 25K daily traffic count
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