CRB Monitor Database: Charting Growth
Tier 1B cannabis-related businesses, which are companies that have a financial or controlling interest in plant-touching Tier 1A businesses, jumped by 120 the week of Nov. 2. With a small slip of 27 Tier 1A businesses, total Tier 1 companies increased to 90,599. The total is a 3% increase from last quarter and 14% increase from last year.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 86,160 1A CRBs + 4,439 1B CRBs = 90,599 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
Testing Lab Crackdowns Not Just Confined to California
Maine cannabis regulators issue third product recall since September
Litigation
Ex-Curaleaf exec’s suit charges cannabis MSO with harassment, racist comments
Legalization & Regulation
Voters Reject Adult Use in Florida, the Dakotas
Licensing
Time Is Running Short for CA License Conversions
Mergers & Acquisitions
Nevada marijuana operator Deep Roots Harvest acquires The Source
Markets
Slang Worldwide the latest big name cannabis company to collapse
Marijuana company Agrify gets $20M from Green Thumb, shakes up C-suite
Dispensary Challenges and Rewards: NJ Leaf, Gynsyng, and Conservatory Cannabis Co.