CRB Monitor Database: Charting Growth
Although total Tier 1 CRB records grew by 64 in the last week, total cannabis business licenses dropped by 328 with declines across the board. Beneficial owners, however, jumped by 229.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,369 1A CRBs + 4,750 1B CRBs = 93,119 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
Sky Labs slapped with fifth lawsuit from Michigan cannabis regulators (subscription)
Receiver appointed for Red White & Bloom cannabis subsidiary in Michigan
Litigation
New York City marijuana social equity operators sue over proximity exemptions
Former employees of Cookies marijuana affiliate TRP allege gender bias in suit
Judge nixes GTI plans to open medical cannabis stores at Circle Ks in Florida
Legalization & Regulation
RI Proposes Adult-Use Licensing Regulations
Minnesota to publish draft of recreational marijuana industry regulations (subscription)
Licensing
Michigan Announces 103 Social Equity Licensees Will Share $1 Million through Grant Program
Mergers & Acquistions
Agrify sells cannabis cultivation business for $7 million
Markets
New York Hits $1B in Sales
Green Thumb Industries Partners With Chicago Music Venue to Bring THC Products to Concerts
Verona Collective to Double Its Cannabis Dispensaries with New Locations in Oneida Territory
Klutch Cannabis to Rebrand Dispensaries, Launch Cookies Products in January 2025
Cannabis dispensaries navigate operations as wildfires spread across Los Angeles