CRB Monitor Database: Charting Growth
As Tier 1A cannabis-related business records grew by 58 the week of April 12, beneficial owner records jumped by 160. Meanwhile, active business licenses continued to grow, increasing by 96 during the week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,091 1A CRBs + 4,937 1B CRBs = 94,028 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
Missouri Regulators Revoke Another 25 Licenses
California shutters marijuana testing lab for 7 alleged violations
Legalization & Regulation
Rhode Island Commission Approves Final Regulations
Minnesota’s adult-use cannabis rules officially in effect, but launch delays expected (subscription)
Trulieve contributes nearly $20 million to Florida adult-use marijuana legalization
Licensing
Delaware Bill Could Revive Adult-Use Launch
Markets
Maryland Cannabis Workers at gLeaf Dispensary Unionize With UFCW
Nevada’s first cannabis consumption lounge shuttered