CRB Monitor Database: Charting Growth
As we approach the end of the second quarter 2025, Tier 1A cannabis-related business records increased by 631, or only about 0.7%, since the end of the first quarter. On the other hand, Tier 1B businesses, which have a financial or controlling interest in a Tier 1A business, grew by about 5%.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,931 1A CRBs + 4,932 1B CRBs = 93,863 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
Hypur Ventures founder to be sentenced for $100k cannabis wire fraud scam (subscription)
Litigation
Tilray wins dismissal of $8M shareholder lawsuit (subscription)
Legalization & Regulation
State Lawmakers Target Hemp-Derived Cannabinoids
Virginia governor vetoes another adult-use marijuana sales bill
Hawaii lawmakers weighing proposals to boost medical marijuana program
Connecticut marijuana regulator apologizes for ‘retaliation’ inspection
New York City scores court victory against shuttered illicit marijuana operators
Humboldt County extends deadline to pay marijuana cultivation taxes
Licensing
Minnesota Draws 1,322 Microbusiness Applicants
Oklahoma loses nearly 40% of licensed medical marijuana operators in 12 months
DC’s medical marijuana market set for shake-up as ‘gifting’ shops transition
Florida’s medical cannabis license renewal fees will stay at $1.3 million
Mergers & Acquisitions
Vireo Growth updates acquisition plans – but one company appears to be missing (subscription)
SNDL acquires minority stake in Canadian cannabis rival High Tide
Markets
Glass House Brands Branches Into Hemp
Cannabis operator Entourage gets shareholders’ approval to go private
Willow Biosciences to cease operations following sale of subsidiary (subscription)
Verano secures $12M loan from Rainbow Realty Group (subscription)
Canadian cannabis producer rebrands as Organigram Global
Tribal cannabis gaining ground in Minnesota as leaders navigate growth pains (subscription)
Planet 13 Opens 31st Florida Dispensary in Port Richey