CRB Monitor Database: Charting Growth
As licensing stagnates, new business ownership shows strong growth. Tier 1B cannabis-related businesses jumped nearly 21% in the last year, while Tier 1A CRBs increased by 14%. Likewise, beneficial owners increased by 3,202 in the last year, or 2%.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 86,524 1A CRBs + 4,710 1B CRBs = 91,234 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
STIIZY Premium THC Vape Pods Recalled in California
Litigation
Vermont marijuana retailer sues state regulatory agency over advertising laws
New York adult-use cannabis licensing halted in court again
Legalization & Regulation
Nebraska Governor Certifies Legalization Measures
Licensing
Hawaii licenses 25th medical cannabis dispensary
New York regulators issue 68 adult-use marijuana licenses, but many still pending
Minnesota recreational cannabis licensing to be delayed for months
Alabama temporarily reduces most marijuana license fees
Mergers & Acquistions
Cannabis company Canopy completes acquisition of US operator Acreage
Markets
Marijuana lab operator calls for expanded testing requirements and enforcement
Flora Growth Appoints Sammy Dorf, Verano Co-Founder, as Executive Chairman
Trulieve Opening Medical Cannabis Dispensary in Tampa
Connecticut adult-use cannabis sales rise as prices continue to fall
Poseidon invests in two New Jersey cannabis retailers