diff --git a/ci/test_wheel_cugraph.sh b/ci/test_wheel_cugraph.sh
index 90af5313619..e7175fbde88 100755
--- a/ci/test_wheel_cugraph.sh
+++ b/ci/test_wheel_cugraph.sh
@@ -9,7 +9,7 @@ RAPIDS_PY_WHEEL_NAME="pylibcugraph_${RAPIDS_PY_CUDA_SUFFIX}" rapids-download-whe
 python -m pip install --no-deps ./local-pylibcugraph-dep/pylibcugraph*.whl
 
 # Always install latest dask for testing
-python -m pip install git+https://github.com/dask/dask.git@main git+https://github.com/dask/distributed.git@main git+https://github.com/rapidsai/dask-cuda.git@branch-23.08
+python -m pip install git+https://github.com/dask/dask.git@2023.7.1 git+https://github.com/dask/distributed.git@2023.7.1 git+https://github.com/rapidsai/dask-cuda.git@branch-23.08
 
 # Only download test data for x86
 arch=$(uname -m)
diff --git a/conda/environments/all_cuda-118_arch-x86_64.yaml b/conda/environments/all_cuda-118_arch-x86_64.yaml
index 16a4d4f0dbc..94dab3814ae 100644
--- a/conda/environments/all_cuda-118_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-118_arch-x86_64.yaml
@@ -18,11 +18,11 @@ dependencies:
 - cupy>=12.0.0
 - cxx-compiler
 - cython>=0.29,<0.30
-- dask-core>=2023.5.1
+- dask-core==2023.7.1
 - dask-cuda==23.8.*
 - dask-cudf==23.8.*
-- dask>=2023.5.1
-- distributed>=2023.5.1
+- dask==2023.7.1
+- distributed==2023.7.1
 - doxygen
 - fsspec[http]>=0.6.0
 - gcc_linux-64=11.*
diff --git a/conda/environments/all_cuda-120_arch-x86_64.yaml b/conda/environments/all_cuda-120_arch-x86_64.yaml
index f053184c93a..4018e9c8b2f 100644
--- a/conda/environments/all_cuda-120_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-120_arch-x86_64.yaml
@@ -18,11 +18,11 @@ dependencies:
 - cupy>=12.0.0
 - cxx-compiler
 - cython>=0.29,<0.30
-- dask-core>=2023.5.1
+- dask-core==2023.7.1
 - dask-cuda==23.8.*
 - dask-cudf==23.8.*
-- dask>=2023.5.1
-- distributed>=2023.5.1
+- dask==2023.7.1
+- distributed==2023.7.1
 - doxygen
 - fsspec[http]>=0.6.0
 - gcc_linux-64=11.*
diff --git a/conda/recipes/cugraph-pyg/meta.yaml b/conda/recipes/cugraph-pyg/meta.yaml
index 6ff0fa01c96..0202c5d98c9 100644
--- a/conda/recipes/cugraph-pyg/meta.yaml
+++ b/conda/recipes/cugraph-pyg/meta.yaml
@@ -26,7 +26,7 @@ requirements:
     - python
     - scikit-build >=0.13.1
   run:
-    - distributed >=2023.5.1
+    - distributed ==2023.7.1
     - numba >=0.57
     - numpy >=1.21
     - python
diff --git a/conda/recipes/cugraph-service/meta.yaml b/conda/recipes/cugraph-service/meta.yaml
index 4d7f013cac9..d928bae1de4 100644
--- a/conda/recipes/cugraph-service/meta.yaml
+++ b/conda/recipes/cugraph-service/meta.yaml
@@ -57,7 +57,7 @@ outputs:
         - cupy >=12.0.0
         - dask-cuda ={{ minor_version }}
         - dask-cudf ={{ minor_version }}
-        - distributed >=2023.5.1
+        - distributed ==2023.7.1
         - numba >=0.57
         - numpy >=1.21
         - python
diff --git a/conda/recipes/cugraph/meta.yaml b/conda/recipes/cugraph/meta.yaml
index e2b9d38c181..8ca8773bd01 100644
--- a/conda/recipes/cugraph/meta.yaml
+++ b/conda/recipes/cugraph/meta.yaml
@@ -75,9 +75,9 @@ requirements:
     - cupy >=12.0.0
     - dask-cuda ={{ minor_version }}
     - dask-cudf ={{ minor_version }}
-    - dask >=2023.5.1
-    - dask-core >=2023.5.1
-    - distributed >=2023.5.1
+    - dask ==2023.7.1
+    - dask-core ==2023.7.1
+    - distributed ==2023.7.1
     - libcugraph ={{ version }}
     - pylibcugraph ={{ version }}
     - pylibraft ={{ minor_version }}
diff --git a/dependencies.yaml b/dependencies.yaml
index 1af82ef8ebe..e5838ce5a4d 100644
--- a/dependencies.yaml
+++ b/dependencies.yaml
@@ -322,8 +322,8 @@ dependencies:
       - output_types: [conda, pyproject]
         packages:
           - &cudf cudf==23.8.*
-          - &dask dask>=2023.5.1
-          - &distributed distributed>=2023.5.1
+          - &dask dask==2023.7.1
+          - &distributed distributed==2023.7.1
           - &dask_cuda dask-cuda==23.8.*
           - &dask_cudf dask-cudf==23.8.*
           - &numba numba>=0.57
@@ -333,7 +333,7 @@ dependencies:
       - output_types: conda
         packages:
           - &cupy cupy>=12.0.0
-          - &dask-core dask-core>=2023.5.1
+          - &dask-core dask-core==2023.7.1
           - libcudf==23.8.*
           - nccl>=2.9.9
           - ucx-proc=*=gpu
diff --git a/python/cugraph-service/server/pyproject.toml b/python/cugraph-service/server/pyproject.toml
index 680811512c3..c0f789fea5f 100644
--- a/python/cugraph-service/server/pyproject.toml
+++ b/python/cugraph-service/server/pyproject.toml
@@ -25,8 +25,8 @@ dependencies = [
     "cupy-cuda11x>=12.0.0",
     "dask-cuda==23.8.*",
     "dask-cudf==23.8.*",
-    "dask>=2023.5.1",
-    "distributed>=2023.5.1",
+    "dask==2023.7.1",
+    "distributed==2023.7.1",
     "numba>=0.57",
     "numpy>=1.21",
     "rmm==23.8.*",
diff --git a/python/cugraph/pyproject.toml b/python/cugraph/pyproject.toml
index 8dac14db659..034a38d2c4a 100644
--- a/python/cugraph/pyproject.toml
+++ b/python/cugraph/pyproject.toml
@@ -33,8 +33,8 @@ dependencies = [
     "cupy-cuda11x>=12.0.0",
     "dask-cuda==23.8.*",
     "dask-cudf==23.8.*",
-    "dask>=2023.5.1",
-    "distributed>=2023.5.1",
+    "dask==2023.7.1",
+    "distributed==2023.7.1",
     "numba>=0.57",
     "pylibcugraph==23.8.*",
     "raft-dask==23.8.*",