CRB Monitor Database: Charting Growth
Cannabis business licenses dropped 3% across the board since last quarter, led by 1,009 fewer pre-licenses (application records). Approved/pending licenses fell by 125, and active licenses declined by 934. Still, there are 498 more license records than a year ago.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,461 1A CRBs + 4,825 1B CRBs = 93,286 total
1A CRBs
Tier 1A defined: Businesses in this tier literally touch the cannabis plant at some point along the supply chain from "seed to sale," and are generally licensed by a government agency or regulator. Effectively all of their actual or expected revenue is derived from the cultivation, production, testing or sale of cannabis.
1B CRBs
Tier 1B defined: Businesses that have a financial or controlling interest in a Tier 1A CRB. CRB Monitor generally considers 1B businesses as seemingly unrelated businesses highlighted as red flags by FinCEN in its marijuana banking guidance and are similar in nature to individual beneficial owners.
Cannabis Business Licenses
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.
Beneficial Owners Count
Beneficial owners defined: For beneficial owners, each economic owner or controlling person is classified into one or more categories based on their relationship to the linked CRB including: (1) Owner/Investor, (2) Board Member, (3) Corporate Officer, (4) Executive, (5) Non-commercial Registered Agent or (6) Senior Manager.
Cannabis News of Note
A selection of relevant cannabis-related news. Items marked with 
indicate links to licensed business profiles in the CRB Monitor database.
Adverse Media
Former Verano Exec Charged With Insider Trading
SEC Fines Financial Services Firm $18M
Sky Labs in Hot Water Again, Allegedly Possessing 2K Pounds of Hemp-Derived Isolate
Two unlicensed cannabis businesses in Northwest D.C. shut down by authorities
Litigation
Green Thumb appeals Florida ruling that sunk cannabis sales at convenience stores
Innovative Industrial Properties faces another shareholder lawsuit (subscription)
Legalization & Regulation
Virginia recreational cannabis legalization bill clears first hurdle
New California marijuana trade group aims to derail impending tax increase
Nebraska medical marijuana bills would allow vertical integration with license caps
Licensing
Vermont cannabis regulators recommend new license types (subscription)
Markets
2024 Cannabis Market Review
There’s room for new cannabis brands, even in mature markets, executives say
Standard Wellness Secures $10 Million Credit Facility at 9.25% Rate
PharmaCann cannabis growers; Ayr retail, delivery employees unionize
Mango Cannabis Opens 9,000 s.f. Superstore in New Mexico
International
Medical cannabis exports from Canada doubled in first half of 2024
Aurora Cannabis Launches First Domestically Grown Medical Cannabis Brand in Germany