CRB Monitor Database: Charting Growth
Beneficial cannabis business owners jumped another 211 in the last week, while total Tier 1 CRBs increased by 94. In the last six months, beneficial owners have increased 3.5% while total CRBs grew by 11.0%.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 86,187 1A CRBs + 4,319 1B CRBs = 90,506 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
Unlicensed New York cannabis operator is penalized $9.5 million
Legalization & Regulation
Record Number of Account Terminations in the 2nd Quarter
Arizona marijuana operators can start delivering to adult-use consumers Nov. 1
Missouri establishing cannabis reference testing lab to improve standards
Trulieve Cannabis spending in Florida’s adult-use campaign tops $140 million
Licensing
KY and DE Stream License Lotteries
Kentucky medical cannabis dispensary licenses to be decided in 2 lotteries
Markets
Marijuana operator Green Dragon to cease operations by year-end
Former NBA stars take their shots in the cannabis industry
Michigan marijuana company Skymint’s equipment for sale in November auction
International News
2 German cities to launch adult-use cannabis sales pilot project in 2025