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
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.
Litigation
Trulieve suit alleges deceptive advertising in adult-use marijuana opposition
Legalization & Regulation
SAFER Act Could Bring $3.4B in Bank Deposits Over 10 Years
Alleged Due Process Violations Threaten NYC’s Crackdown
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
Report: Unlicensed cannabis market thriving in New Mexico
Trulieve Partners With Black Buddha Cannabis in 2 States
Marijuana delivery company Eaze has new owner after assets auctioned
Curaleaf Opens Port St. Lucie Cannabis Dispensary in Florida
International
14 licenses for cannabis social clubs granted in 4 German federal states