CRB Monitor Database: Charting Growth
Both Tier 1A and Tier 2B cannabis-related businesses have shown strong growth over the last year, gaining 14.45% and 7.02% respectively. Beneficial owners have also grown steadily, adding 3,873 in the last six months and 1,501 since the last quarter.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 83,939 1A CRBs + 4,053 1B CRBs = 87,992 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
California Recalls Up 800% This Year
Missouri regulators recall 2,600 cannabis products over improper testing
Oklahoma suspends cannabis processor for health violations, evading tracking
Litigation
Investor Can't Drop Fraud Suit Against Crowdfunding CEO
Trulieve Settles Fired Retail Worker's Race Bias Suit
'Unclean Hands' Doom Colo. Dispute Over Cannabis Biz Sale
Nevada Supreme Court Allows State Pharmacy Board to Keep MJ In Schedule I Despite Legalization
2 Chainz Snared By Pot Shop Investment Scam, Suit Says
Investors file $5 million class action lawsuit against High Times
Former Green Dragon owner sues Eaze on auction day
Colorado marijuana complaint highlights industry’s ongoing testing scandal
Cannabis Drink Companies Drop Challenge To Iowa THC Law
Legalization & Regulation
North Dakota Officials Approve Marijuana Legalization Measure For November’s Ballot
Rescheduling, Farm Bill trigger cannabis industry lobbying blitz
L.A. County watchdog agency: City’s cannabis licensing, social equity need reform
Oregon Voters Will Decide Whether to Help Marijuana Industry Workers Unionize This November
Michigan outlines penalties for violators of marijuana business rules
Senate Committee Keeps D.C. Marijuana Sales Ban Intact
New Hampshire governor signs two bills to improve medical cannabis access
Licensing Related
Regulators Expect $5B Market In New York
Alabama Medical Cannabis Commission awards some licenses; litigation continues
Delaware Officials Will Start Accepting Adult-Use Marijuana License Applications This Month
Colorado Plans to More Than Double Licensing Fees
Mass. Cannabis Commission says it failed to collect $500,000 in licensing fees
Kentucky asks medical marijuana license applicants to create extensive plans
Markets
Verano Buys Into Virginia
Cannabis-Linked Securities Update | June 2024
Curaleaf swaps CEOs, stakes out new 280E tax position
Without fanfare, Curaleaf lists a new HQ in CT
Ohio welcomes recreational marijuana sales with excitement, celebration
Canadian cannabis operator High Tide secures CA$15 million credit line
Bright Green Corp. Obtains $18.5M in Debt Financing
Curio Wellness and Ascend Wellness Announce Manufacturing, Distribution Partnership