diff --git a/conda/recipes/versions.yaml b/conda/recipes/versions.yaml
index 9eb776fe..134b17ee 100644
--- a/conda/recipes/versions.yaml
+++ b/conda/recipes/versions.yaml
@@ -105,7 +105,7 @@ nvtx_version:
 openjdk_version:
   - '>=8.0'
 pandas_version:
-  - '>=1.0,<1.3.0dev0'
+  - '>=1.0,<=1.2.3'
 pandoc_version:
   - '<=2.0.0'
 panel_version: