CRB Monitor Database: Charting Growth
As we close out 2024, Tier 1A cannabis-related businesses grew by 14.5% over the past year, and Tier 1B CRBs increased by 20.8%. While active business licenses fell 6.9%, pre-licenses (a.k.a. applications) jumped by 65.1%. Beneficial owners of CRBs increased by 2.3% this year.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 86,662 1A CRBs + 4,715 1B CRBs = 91,377 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
Washington Suspends Producer’s License
Massachusetts Revolutionary Clinics goes into receivership owing almost $10 million
Legalization & Regulation
GAO Forming Cannabis Business Focus Groups
‘Most conservative’ medical marijuana proposal resurfaces in South Carolina
Licensing
KY and DE Make Final Retail Lottery Selections
New York Considers Licensing Limits
NJ marijuana regulators double fee, will accept first lounge applications
Minnesota’s Top Cannabis Magnate Won’t Entertain Adult-Use Sales Launch Date
Mergers & Acquistions
Agrify Corp. Closes on Acquisition of Señorita
Marijuana MSO Vireo Growth secures $75 million funding, acquires 4 companies
Markets
MediPharm inks deal to sell Ontario cannabis operation for $5.5 million
Garden Society Cannabis workers join Teamsters union in NJ
Charlie Fox opens largest northeast dispensary in Times Square
Planet 13 Opens 29th Florida Dispensary in Gulf Breeze