CRB Monitor Database: Charting Growth
Partially driven by fresh waves of license approvals in New York, Tier 1 CRB businesses jumped by 178 the week of April 20, and approved/pending licenses increased by 128. Total active cannabis business licenses, however, dropped by 69.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 77,238 1A MRBs + 4,018 1B MRBs = 81,256 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
MedMen declares bankruptcy in Canada, enters receivership in US
Nebraska Attorney General Files Lawsuit Against HDC Retailer
Multiple C CREME Infused Pre-Roll Products Recalled in California
Receiver appointed for High Times assets
Canada recalls contaminated Acreage Pharms cannabis
Litigation
Stiiizy Hemp Products Draw Another Federal Lawsuit
Michigan Supreme Court to Hear Cannabis Licensing Dispute
Calif. Cannabis Labor Law Violates US Constitution, Co. Says
Michigan company changes edibles name following cease-and-desist letter from Tootsie Roll
Schwazze settles one wage theft lawsuit for $525K, with second case still pending
'Woodstock' Weed TM Case Settles Before Jury Selection
CBD Co's CEO Agrees To Pay $350K To End SEC Suit
Trulieve Strikes Deal To End Ex-Worker's Whistleblower Suit
Justices To Weigh RICO Injury Scope In CBD Case
Legalization & Regulation
US drug control agency will move to reclassify marijuana in a historic shift, AP sources say
McConnell ‘Continues To Oppose Marijuana Banking’
Search warrants detail undercover buys and seizures from cannabis-related shops in Virginia
CRA Announces Claire Patterson as Director of Michigan’s New Cannabis Reference Laboratory
Kansas Senate Rejects Motion To Revive Medical Marijuana Legalization Bill
Audio: NM Governor ‘Offended’ By Top Biden Official’s Reaction To Marijuana Business Seizures
Louisiana Lawmakers Approve Bill To Create Marijuana Legalization Regulatory Framework
Georgia Bill To Regulate Hemp Products Like CBD And Delta-8 THC Awaits Governor’s Action
D.C. agency gets more power to go after unlicensed cannabis shops
Licensing Related
New Jersey CRC Lifts Deadline for Conditional License Conversions
Kentucky will hold October lottery to award first marijuana business licenses
First North Carolina Medical Cannabis Shop Opens In Cherokee Territory
Mergers & Acquisitions
Cannabis MSO Curaleaf completes $16M acquisition of Northern Green Canada
Markets
Planet 13 Gets OMMU Approval to Sell Planet 13 Florida and Acquire VidaCann
Clever Leaves Is Delisting from NASDAQ to Avoid Reporting Obligations
How Private Equity Trumped Social Equity in State Cannabis Deal
Village Farms International Expands Executive Team
Marijuana industry will add $112.4 billion to US economy in 2024
Cresco Labs cannabis cultivation employees in Massachusetts ditch union
International
Morocco Issues 2,905 Permits for Legal Cannabis Production
German cannabis imports rise to 34.6 tons as cultivators eye end of quota system
Cannatrol received approval of two European patents for cannabis production technology
Netherlands Appeals Court Orders Bank to Provide Cannabis Coffee Shop with Business Account
Slovenia's National Assembly voted to put a medical cannabis referendum on the ballot
Manitoba expected to overturn ban on homegrown cannabis