diff --git a/.github/workflows/pr.yaml b/.github/workflows/pr.yaml
index 4b170e8bf04..9c7aa30f9d2 100644
--- a/.github/workflows/pr.yaml
+++ b/.github/workflows/pr.yaml
@@ -134,5 +134,5 @@ jobs:
       build_type: pull-request
       package-name: dask_cudf
       # Install the cudf we just built, and also test against latest dask/distributed/dask-cuda.
-      test-before: "RAPIDS_PY_WHEEL_NAME=cudf_cu11 rapids-download-wheels-from-s3 ./local-cudf-dep && python -m pip install --no-deps ./local-cudf-dep/cudf*.whl && 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-23.06"
+      test-before: "RAPIDS_PY_WHEEL_NAME=cudf_cu11 rapids-download-wheels-from-s3 ./local-cudf-dep && python -m pip install --no-deps ./local-cudf-dep/cudf*.whl && pip install git+https://github.com/dask/dask.git@2023.3.2 git+https://github.com/dask/distributed.git@2023.3.2.1 git+https://github.com/rapidsai/dask-cuda.git@branch-23.06"
       test-unittest: "python -m pytest -v -n 8 ./python/dask_cudf/dask_cudf/tests"
diff --git a/.github/workflows/test.yaml b/.github/workflows/test.yaml
index ec5378e4417..83ed16245a2 100644
--- a/.github/workflows/test.yaml
+++ b/.github/workflows/test.yaml
@@ -98,5 +98,5 @@ jobs:
       sha: ${{ inputs.sha }}
       package-name: dask_cudf
       # Test against latest dask/distributed/dask-cuda.
-      test-before: "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-23.06"
+      test-before: "pip install git+https://github.com/dask/dask.git@2023.3.2 git+https://github.com/dask/distributed.git@2023.3.2.1 git+https://github.com/rapidsai/dask-cuda.git@branch-23.06"
       test-unittest: "python -m pytest -v -n 8 ./python/dask_cudf/dask_cudf/tests"
diff --git a/conda/environments/all_cuda-118_arch-x86_64.yaml b/conda/environments/all_cuda-118_arch-x86_64.yaml
index 1651529f673..1bfa2221cff 100644
--- a/conda/environments/all_cuda-118_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-118_arch-x86_64.yaml
@@ -21,9 +21,10 @@ dependencies:
 - cupy>=9.5.0,<12.0.0a0
 - cxx-compiler
 - cython>=0.29,<0.30
+- dask-core==2023.3.2
 - dask-cuda==23.6.*
-- dask>=2023.1.1
-- distributed>=2023.1.1
+- dask==2023.3.2
+- distributed==2023.3.2.1
 - dlpack>=0.5,<0.6.0a0
 - doxygen=1.8.20
 - fastavro>=0.22.9
diff --git a/conda/recipes/custreamz/meta.yaml b/conda/recipes/custreamz/meta.yaml
index 5fafa7464db..6c10369d1cd 100644
--- a/conda/recipes/custreamz/meta.yaml
+++ b/conda/recipes/custreamz/meta.yaml
@@ -41,8 +41,9 @@ requirements:
     - python
     - streamz
     - cudf ={{ version }}
-    - dask >=2023.1.1
-    - distributed >=2023.1.1
+    - dask ==2023.3.2
+    - dask-core ==2023.3.2
+    - distributed ==2023.3.2.1
     - python-confluent-kafka >=1.7.0,<1.8.0a0
     - cudf_kafka ={{ version }}
 
diff --git a/conda/recipes/dask-cudf/meta.yaml b/conda/recipes/dask-cudf/meta.yaml
index 86c56843b28..d4713a724a8 100644
--- a/conda/recipes/dask-cudf/meta.yaml
+++ b/conda/recipes/dask-cudf/meta.yaml
@@ -37,14 +37,16 @@ requirements:
   host:
     - python
     - cudf ={{ version }}
-    - dask >=2023.1.1
-    - distributed >=2023.1.1
+    - dask ==2023.3.2
+    - dask-core ==2023.3.2
+    - distributed ==2023.3.2.1
     - cudatoolkit ={{ cuda_version }}
   run:
     - python
     - cudf ={{ version }}
-    - dask >=2023.1.1
-    - distributed >=2023.1.1
+    - dask ==2023.3.2
+    - dask-core ==2023.3.2
+    - distributed ==2023.3.2.1
     - {{ pin_compatible('cudatoolkit', max_pin='x', min_pin='x') }}
 
 test:
diff --git a/conda/recipes/dask-cudf/run_test.sh b/conda/recipes/dask-cudf/run_test.sh
index 0c2f628dcf2..d315e1d8a6d 100644
--- a/conda/recipes/dask-cudf/run_test.sh
+++ b/conda/recipes/dask-cudf/run_test.sh
@@ -18,18 +18,18 @@ if [ "${ARCH}" = "aarch64" ]; then
 fi
 
 # Dask & Distributed option to install main(nightly) or `conda-forge` packages.
-export INSTALL_DASK_MAIN=1
+export INSTALL_DASK_MAIN=0
 
 # Dask version to install when `INSTALL_DASK_MAIN=0`
-export DASK_STABLE_VERSION="2023.1.1"
+export DASK_STABLE_VERSION="2023.3.2"
 
 # Install the conda-forge or nightly version of dask and distributed
 if [[ "${INSTALL_DASK_MAIN}" == 1 ]]; then
     rapids-logger "rapids-mamba-retry install -c dask/label/dev 'dask/label/dev::dask' 'dask/label/dev::distributed'"
     rapids-mamba-retry install -c dask/label/dev "dask/label/dev::dask" "dask/label/dev::distributed"
 else
-    rapids-logger "rapids-mamba-retry install conda-forge::dask=={$DASK_STABLE_VERSION} conda-forge::distributed=={$DASK_STABLE_VERSION} conda-forge::dask-core=={$DASK_STABLE_VERSION} --force-reinstall"
-    rapids-mamba-retry install conda-forge::dask=={$DASK_STABLE_VERSION} conda-forge::distributed=={$DASK_STABLE_VERSION} conda-forge::dask-core=={$DASK_STABLE_VERSION} --force-reinstall
+    rapids-logger "rapids-mamba-retry install conda-forge::dask=={$DASK_STABLE_VERSION} conda-forge::distributed==2023.3.2.1 conda-forge::dask-core==2023.3.2 --force-reinstall"
+    rapids-mamba-retry install conda-forge::dask=={$DASK_STABLE_VERSION} conda-forge::distributed=="2023.3.2.1" conda-forge::dask-core=="2023.3.2" --force-reinstall
 fi
 
 logger "python -c 'import dask_cudf'"
diff --git a/dependencies.yaml b/dependencies.yaml
index 8c002b5f57b..0895c09934d 100644
--- a/dependencies.yaml
+++ b/dependencies.yaml
@@ -382,8 +382,11 @@ dependencies:
     common:
       - output_types: [conda, requirements, pyproject]
         packages:
-          - dask>=2023.1.1
-          - distributed>=2023.1.1
+          - dask==2023.3.2
+          - distributed==2023.3.2.1
+      - output_types: conda
+        packages:
+          - dask-core==2023.3.2  # dask-core in conda is the actual package & dask is the meta package
       - output_types: pyproject
         packages:
           - &cudf cudf==23.6.*
diff --git a/python/dask_cudf/pyproject.toml b/python/dask_cudf/pyproject.toml
index bb7b79d6bdc..bfe0c083328 100644
--- a/python/dask_cudf/pyproject.toml
+++ b/python/dask_cudf/pyproject.toml
@@ -20,8 +20,8 @@ requires-python = ">=3.8"
 dependencies = [
     "cudf==23.6.*",
     "cupy-cuda11x>=9.5.0,<12.0.0a0",
-    "dask>=2023.1.1",
-    "distributed>=2023.1.1",
+    "dask==2023.3.2",
+    "distributed==2023.3.2.1",
     "fsspec>=0.6.0",
     "numpy>=1.21",
     "pandas>=1.3,<1.6.0dev0",