CRB Monitor Database: Charting Growth
The industry shed 361 active licenses the month of February, falling from 50,943 the week of Feb. 1 to 50,582 by Feb. 28. Approved/pending and pre-licenses also dropped slightly for the month. Still, there are 600 more total licenses than a year ago, an increase of 0.9%, due to pre-licensing.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,666 1A CRBs + 4,909 1B CRBs = 93,575 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
Ohio judge tosses cannabis business ownership dispute, citing federal prohibition (subscription)
Major cannabis players in Illinois seek consolidation for labeling class actions (subscription)
Deal struck in bankruptcy of California marijuana operator Unrivaled Brands
Legalization & Regulation
Cannabis bills fail to advance in Indiana Legislature
Illinois, Maine pondering marijuana consumption measures
Virginia governor expected to veto recreational marijuana sales legislation
Cannabis MSO Jushi benefiting from little-used IRS tax-credit program
Massachusetts cannabis retailer owes more than $420,000 in state taxes
Licensing
MN Compact Could Give Tribal Retailers a Head Start
Markets
Cannabis retailer High Tide rethinking acquisition of German operator
1933 Industries losses contract year-over-year, but company still in the red (subscription)
Bright Green Completes Restructuring, Sets Course to Produce Controlled Substances
Blum Holdings Reaches Global Settlement With People’s California
Medical cannabis registries show steep decline after launch of adult-use sales
New Jersey adult-use cannabis market heating up with new entrants
Michigan’s largest cannabis company looks to tap hemp-derived THC market (subscription)
Ascend Wellness Reopens Dispensary in Detroit With ‘Deli-Style’ Experience
Story Cannabis Co. Opens 4th Ohio Dispensary in Cleveland