CRB Monitor Database: Charting Growth
Beneficial owner records grew by 227 the week of Feb. 15, marking a 1.7% increase from the previous quarter and an 8.1% jump from a year ago. Otherwise, there was not a lot of movement. Total Tier 1 CRB records grew by 38 and total business licenses fell by 87 in the last week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,633 1A CRBs + 4,893 1B CRBs = 93,526 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
The rapid collapse of MedMen co-founders’ latest marijuana venture
IL court rules cannabis license applicants can sue law firm over lost lottery chances (subscription)
Marijuana company involved in Missouri’s huge recall loses final license appeal
Cannabis businesses call MI city’s social equity program ‘municipal extortion’ (subscription)
Trump administration refusing to return seized New Mexico marijuana, suit says
Legalization & Regulation
Ohio Becomes a Top SAR State After Launching Adult-Use
Bill Aims to Push Alabama Medical Licensing Forward
South Dakota legislator’s bill to overturn medical cannabis law is rejected
Wisconsin governor again includes adult-use marijuana legalization in budget proposal
Despite finding unlikely allies, cannabis industry still struggling with debanking
Licensing
2024 Cannabis Business Licensing Activity Review
New York issues 74 adult-use cannabis permits; 2023 applications still in review
Inactive marijuana business licenses in California outnumber active permits
Markets
Aurora Cannabis Expands Medical Cannabis Pastille Offerings in Australia
Marijuana operator Story Ohio secures $15 million loan for expansion
Leef Brands aims to enter New York as new ‘asset-light’ MSO (subscription)
Verano Opening 80th Florida Dispensary in North Miami Beach
Trulieve Opening 5th Ohio Dispensary in Columbus
West Virginia marijuana operator Harvest Care secures $4 million refinancing deal
BC Bud Corp. to pivot from cannabis, change name to Digital Commodities (subscription)
International
Switzerland charts conservative course for adult-use cannabis legalization