Three local families currently run the park, which draws visitors from throughout the New England and Mid-Atlantic regions.

After the automobile became the most popular mode of travel in the United States, the trolley line serving the park was closed.

A resident of the nearby state of Maine, King visited after searching for a park "that was nice and clean and sunlit, but wasn't too big".

The park was home to a looping, steel roller coaster named the Canobie Corkscrew, designed by Arrow Dynamics.

[15] Parts of the ride were subsequently donated to the National Roller Coaster Museum and Archives upon its removal.

[16] The park once had a simulator ride named "USA Missile", built early in the Space Age by John Taggart and Sam Daugherty.

While at Canobie Lake Park, it was repainted to mimic the markings used on such launch vehicles as the Saturn rockets.

The following year, the park added Equinox, a ride that lifted and spun riders on a giant mechanical arm.

The park's Dancehall Theater has hosted performers such as Duke Ellington, Sonny & Cher, Frank Sinatra, and Ella Fitzgerald.

On certain weekends in September and October, Canobie Lake Park holds ScrEEEmfest, a Halloween event that they first did in 2008.

[32] Currently as of 2023, the park hosts five haunted attractions, Pinecrest Sanitarium, Carnivus, Breach, Cargo and Facility 235.

The park hosts performances from impersonators of various celebrities, such as Elvis Presley, Michael Jackson, Tim McGraw, Justin Bieber, Madonna, Bruno Mars, Lady Gaga, One Direction, KISS, and Aerosmith.

[33] Canobie Lake Park is currently hosting tribute shows including Taylor Swift[34] and Freddie Mercury.