CRB Monitor Database: Charting Growth
Tier 1A businesses continue their slow and steady growth, gaining 60 from the previous week and 6,126 (7.9%) from the previous quarter. While active licenses continue to see quarterly declines, increases in pre-license and approved-pending applications chart a rebound for total cannabis business licenses since six months ago.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 83,669 1A CRBs + 4,049 1B CRBs = 87,718 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
Michigan Processor Sky Labs Charged with Tracking Violations
California Crescendos Testing Lab Scrutiny
NJ Recalls Green Medicine Flower Product with Bugs and Human Hair
Litigation
Alabama business asks court to allow medical cannabis commission to issue its license
Pot Co. Says City Ignored Order to Review Application in $14M Suit
Washington Cannabis Co. Sues Payroll Firm Over Back Taxes
Legalization Foes Mount New Challenge To NY Pot Program
Ex-Credit Union VP Sues Over CRB Compliance Firing
Legalization & Regulation
Cannabis recalls too slow to recover possibly contaminated product
Medical Marijuana Businesses In South Dakota Face A 70% Increase In State Fees
Senators say they want safe banking for cannabis, but take no action
Nebraska Lawmakers Hold Joint Hearing On Two Marijuana Legalization Bills
Licensing Related
Here’s Where You Can Buy Recreational Marijuana In Ohio Starting This Week
Ohio Pre-Rolls Toward Opening Day
Oklahoma imposes stricter rules for cannabis testing labs, seeks THCA ban
Cannabis Commission says it failed to collect $500,000 in licensing fees
Markets
Cherokee Tribe Will Open The First Legal Marijuana Store In North Carolina Next Month
Vireo Growth extends credit line with Chicago Atlantic
Marijuana company with Israel, Germany operations regains Nasdaq compliance
Jushi CEO Participates in Refinancing of Company’s $53M of Debt
AYR Wellness Announces Resignation of Executive Chair
Casa Verde leads $2 million seed round for cannabis cultivation platform Growlink
International
In four weeks, 43 cannabis clubs apply in Germany
New Zealand rule changes will ease medical marijuana exporting
Philippine House passes medical marijuana bill
Tilray’s Aphria RX Receives Cannabis Trading License in Germany