CRB Monitor Database: Charting Growth
Other than two weeks in June, beneficial owners climbed every week straight in the last 26 weeks, for a 4.3% gain. But it's only a 2.4% increase from a year ago. Total cannabis business licenses dropped by 68 from the previous week, while total Tier 1 CRBs gained just 25.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 86,243 1A CRBs + 4,677 1B CRBs = 90,920 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
New Mexico Shuts Down Licensed Cultivator
Minnesota Seizes Illegal Products from Hemp Shops
Legalization & Regulation
DEA hints more marijuana rescheduling participants possible as some drop out
US Virgin Islands launches cannabis program
Licensing
Third Quarter 2024 Cannabis Business Licensing Activity
MA Awards First Research License to Curaleaf
Georgia to allow more medical marijuana dispensaries since patient rolls top 25K
Minnesota cannabis office could face legal action from rejected license applicants
Markets
Fluresh to close Michigan cannabis grow facility, lay off 46
Trulieve Opening 2 New Medical Cannabis Dispensaries in Florida
Assets for cannabis operator StateHouse Holdings for sale in receivership