CRB Monitor Database: Charting Growth
Beneficial owner records increased by 363 during the week of March 15. There are 10,258 more owner records than a year ago, a jump of 7.7%. Total Tier 1 cannabis business records grew by 81 for the week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,882 1A CRBs + 4,929 1B CRBs = 93,811 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
Cannabis vape maker Blinc Group files for bankruptcy
Litigation
Spurned Illinois social equity backer sues partner
Marijuana MSO Planet 13 recovers $2.1M more from former bank alternative
Legalization & Regulation
North Carolina lawmaker introduces adult-use cannabis legalization bill
Marijuana pre-rolls in New Jersey contain yeast, mold and bacteria, study shows
Trulieve, Cresco lobbying Pennsylvania to legalize adult-use marijuana, report says
Georgia lawmakers serve up options for cannabis legislation (subscription)
Licensing
NY Provisional Licensees Get 6-Month Extension
MA Extends Social Equity Delivery Exclusivity
Minnesota extends cannabis license application deadline after system outage
Mergers & Acquisitions
Willow Biosciences to sell operating subsidiary for $3.38M (subscription)
Markets
Bright Green Exits Cannabis Business
Maryland’s CULTA CEO Allison Seigel steps down (subscription)
New CEO aims to transform Safe Harbor from cannabis lending to fintech
Michigan recreational marijuana prices plunge 30% from 2024
DeFloria Achieves Ground-Breaking Milestone in Botanical Drug Development
Aurora Cannabis Announces Breakthrough Discovery of Powdery Mildew Resistant Cultivars
New York launches $5M grant program for cannabis social equity retailers
BC Bud officially leaves cannabis for crypto (subscription)
Poseidon invests $1 million in another New Jersey cannabis retailer
International
Canadian cannabis companies look overseas as domestic market saturates