CRB Monitor Database: Charting Growth
Beneficial cannabis business owners continued to climb, adding another 157 in the last week, while total Tier 1 CRBs increased by 78. Active cannabis business licenses grew 1.6% since the last quarter but have dropped by 12.2% since last year.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 86,104 1A CRBs + 4,308 1B CRBs = 90,412 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
Maine testing lab ‘irregularities’ prompt widening adult-use cannabis recall
Litigation
More Conflicting Court Rulings Perplex Hemp Industry
New Mexico marijuana firms sue federal agencies over ‘unlawful’ seizures
Court takes Arkansas medical cannabis expansion out of voters’ hands
Legalization & Regulation
California’s Cannabis Crackdown Leaves Underlying Problems Unaddressed
Minnesota recreational marijuana market on target for 2025 launch, regulator says
South Dakota medical cannabis operators hope adult-use legalization would bring sales plan
NJ Assembly Bill Allowing Snacks Sold in Weed Dispensaries Passes Committee
Licensing
Majority of Missouri’s New Social Equity Licensees May Be Ineligible
Delaware awards first adult-use cannabis licenses in state lottery drawing
Cannabis license sellers in New York run up against TPI rules
Markets
Cannabis operator Canopy Growth reduces loan term by $100 million
SNDL Completes Privatization of Nova, Welcomes New Director