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CRB Monitor | Weekly Update | March 1 - March 7, 2025
Published on March 12, 2025

CRB Monitor Database: Charting Growth

Tier 1A cannabis business records jumped by 124 the week of March 1, while Tier 1B records increased by 11, for a total 93,710 Tier 1 CRBs. Beneficial owner records grew by 105. 

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 88,790 1A CRBs + 4,920 1B CRBs = 93,710 total

1A CRBs

1A CRB-031125
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 

1B CRB-031125
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

CBL-031125
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.

Beneficial Owners Count

BOR-031125
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. 

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Cannabis News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px indicate links to licensed business profiles in the CRB Monitor database.

Adverse Media

Licensed DC Shop Owner Faces Tax Evasion Charges logo_color_markonly 20px
DC authorities shutter 25 unlicensed marijuana stores during crackdown
Cannabis testing lab loses key ruling in dispute with Michigan regulators (subscription) logo_color_markonly 20px

Litigation

Cashless ATM Lawsuit Hits Trulieve logo_color_markonly 20px
Native Roots co-founder sues former marijuana business partner again logo_color_markonly 20px logo_color_markonly 20px
Planet 13 Recovers Additional $2.1 Million of Funds, $5 Million in Real Estate logo_color_markonly 20px
Alabama appeals court clears way for medical marijuana licensing to resume, for now (subscription)

Legalization & Regulation

New York OCM Builds Unit to Tackle Market Cheaters
New Jersey governor proposes stiff marijuana tax hike, new hemp levy
Georgia Lawmakers Push to Expand State’s Medical Cannabis Program

Licensing

Adult-Use Licensing Delayed in Delaware

Mergers & Acquisitions

MariMed closes $11 million acquisition of Delaware marijuana company logo_color_markonly 20px logo_color_markonly 20px
MediPharm to sell British Columbia cannabis facility to Rubicon for $4.5M logo_color_markonly 20px logo_color_markonly 20px

Markets

Legal California cannabis production increases by double digits, report says
Green Thumb CEO has dire outlook on federal marijuana reform prospects logo_color_markonly 20px
Marijuana finance company Safe Harbor modifies debt to increase cash flow logo_color_markonly 20px
Ayr Wellness is selling 4 marijuana stores in Illinois logo_color_markonly 20px
Fresh Karma Opens 4th Missouri Dispensary in Columbia
Jushi Holdings posts mixed 2024 results, launches expansion plan (subscription) logo_color_markonly 20px
Cannabis producer Organigram closes final tranche of CA$124.6M funding logo_color_markonly 20px
Cannabicity Opens NY Dispensary, Debuts Retail Advisory Service logo_color_markonly 20px
The Cannabist Co. Achieves 70% Support For Agreement to Extend Senior Secured Notes logo_color_markonly 20px
Michigan cannabis retailer looks to New Jersey amid price collapse (subscription) logo_color_markonly 20px
TerrAscend plots to triple crowded New Jersey footprint (subscription) logo_color_markonly 20px

International

Greek cannabis operator Curity Pharma secures cultivation license

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