CRB Monitor Database: Charting Growth
Cannabis business licenses dropped across the board the week of Feb. 8, with active licenses falling by another 160. Total licenses, including pre-licenses and approved/pending, are nearly 4% lower than six months ago. Total Tier 1A business records grew by 81.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,609 1A CRBs + 4,879 1B CRBs = 93,488 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
Navy Capital Winds Down Amid AML Enforcement
Second Michigan cannabis recall in a month for contaminated vapes (subscription)
Litigation
White couple appeals dismissal of Rhode Island marijuana social equity lawsuit
Tilray to pay C$30M to settle shareholder lawsuit over 2018 acquisitions (subscription)
Massachusetts berry farm accused of destroying millions in cannabis crops (subscription)
Legalization & Regulation
Trump’s DOL Nominee Invests in a Cannabis Company
5 States Looking to Legalize Adult Use This Year
New Jersey proposal would weaken local control over recreational marijuana
Claims of marijuana testing lab fraud hit New York’s $1 billion adult-use market
Michigan governor floats extra 32% adult-use cannabis tax to fund roads
Massachusetts renews cannabis tracking contract with Metrc
Licensing
Delaware’s Adult-Use Cannabis Market Moving Forward
New York approves more cannabis licenses despite injunction (subscription)
Mergers & Acquisitions
MediPharm cancels $5.5 million sale of Ontario cannabis facility to Kensana
Markets
Tilray Brands Enhances Global Cannabis Supply Chain
Quebec cannabis retailer SQDC reports income of CA$40.5 million
Trulieve Opening 162nd Florida Medical Cannabis Dispensary
AYR Wellness Adds Dispensaries in Florida, Ohio to Retail Footprint
Planet 13 Continues to Grow the Iconoclast Universe
International
Rubicon Organics Obtains Key Certification for International Export