CRB Monitor Database: Charting Growth
Because of an influx of Kentucky license applicants at the end of last year, Tier 1A cannabis-related company records grew to 88,335. Aligning with Tier 1A businesses, beneficial owners also increased to 141,183. But active licenses started to recede again, landing at 50,531.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,335 1A CRBs + 4,720 1B CRBs = 93,055 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.
Litigation
Illinois hemp shop sues hometown over August raid, criminal charges
Legalization & Regulation
Key Hemp Appellate Cases Slog On
Bill to enable state-run cannabis test lab in Michigan falls short
California Cannabis Operators Face New Obstacles in 2025 as Governor Touts Seizures
Licensing
Florida’s Medical License Winners in Limbo
Minnesota adult-use cannabis license applicants start new year with uncertainty, hope
Mergers & Acquistions
Marijuana MSO iAnthus acquires vape brand Cheetah for $1.5 million
Markets
Terrapin Opening 1st Pennsylvania Dispensary in Bellefonte
New York passes $1 billion in legal cannabis sales, poised for more expansion in 2025