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CRB Monitor | Weekly Update | September 28 - October 4, 2024
Published on October 9, 2024

CRB Monitor Database: Charting Growth

Wrapping up Maine's new licensed caregiver data, Tier 1A CRBs grew by 1,069 the week of Sept. 28. Beneficial owners, which have been mostly stagnant for the last year, jumped by 1,729. Year-over-year, Tier 1A rose by 14.4%, Tier 1B increased by 12.4%, and beneficial owners grew by 1.7%.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 85,888 1A CRBs + 4,291 1B CRBs = 90,179 total

1A CRBs

1A CRB-100724-1
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 

1B CRB-100724
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

CBL-100724
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.

Beneficial Owners Count

BOR-100724
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. 

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Cannabis News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px indicate links to licensed business profiles in the CRB Monitor database.

Litigation

Trulieve suit alleges deceptive advertising in adult-use marijuana opposition logo_color_markonly 20px

Legalization & Regulation

SAFER Act Could Bring $3.4B in Bank Deposits Over 10 Years
Alleged Due Process Violations Threaten NYC’s Crackdown logo_color_markonly 20px logo_color_markonly 20px
Arkansas high court breathes life into medical marijuana ballot initiative
Cannabis cafes get green light in California

Licensing

Vermont Halts Licensing Among Saturation Concerns
Florida Has No Answers on Licensing Delay

Markets

Green Thumb Workers in New Jersey File Petition to Remove UFCW Union for 275 Employees logo_color_markonly 20px
Report: Unlicensed cannabis market thriving in New Mexico
Trulieve Partners With Black Buddha Cannabis in 2 States logo_color_markonly 20px
Marijuana delivery company Eaze has new owner after assets auctioned logo_color_markonly 20px
Curaleaf Opens Port St. Lucie Cannabis Dispensary in Florida logo_color_markonly 20px

International

14 licenses for cannabis social clubs granted in 4 German federal states

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