--- title: CRB Monitor | Weekly Update | April 13 - April 19, 2024 description: Highlighting growth of Tier 1A and 1B CRBs (cannabis-related businesses), cannabis business licenses and beneficial owners, with industry news to note. image: https://www.crbmonitor.com/hubfs/1A%20CRB-042224.png --- [![CRB Monitor](https://www.crbmonitor.com/hubfs/Crbmonitor%20-%20December2019/Images/logo.svg "CRB Monitor")](https://www.crbmonitor.com/) Close ## Request More Info We'd love to hear from you! Let us know how we can help. # RESOURCES | Data Updates | Regulatory CRB Monitor | Weekly Update | April 13 - April 19, 2024 ##### Published on April 25, 2024 ### CRB Monitor Database: Charting Growth #### While Tier 1A cannabis-related businesses grew by 854, active business licenses continued to fall to 51,755 in the last week. However, an additional 35 approved or pending business licenses wait in the wings. Beneficial owners jumped by 431. #### Tier 1 Cannabis-Related Business Counts Weekly Summary: 77,061 1A MRBs + 4,017 1B MRBs = 81,078 total ### 1A CRBs *![1A CRB-042224](https://www.crbmonitor.com/hs-fs/hubfs/1A%20CRB-042224.png?width=468&height=281&name=1A%20CRB-042224.png) 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-042224](https://www.crbmonitor.com/hs-fs/hubfs/1B%20CRB-042224.png?width=468&height=280&name=1B%20CRB-042224.png) 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-042224](https://www.crbmonitor.com/hs-fs/hubfs/CBL-042224.png?width=468&height=305&name=CBL-042224.png) Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.* ### Beneficial Owners Count *![BOR-042224](https://www.crbmonitor.com/hs-fs/hubfs/BOR-042224.png?width=468&height=292&name=BOR-042224.png) 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.  * [Schedule Demo to See Full Database > ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLJD1yIF1IrCC2%2B2U0eNWdHj6Sn9vXOR%2FbensQH28M8tEuLHksMU8Vi2EfB5Iij5cm8TYEvDap1UvVsxxnrsM7e8Qun%2BCHYY8f5zRaS%2FZssISKgwXZpl4fSQ5%2F8%2BP0HO4q%2F%2B4c8HWm9fTboTa%2BXBCqbwZ3NxsEvKa6gzqh2KX%2BBBAYg8a0tSzFGlpsZec0b6yMlxb6ymGT%2FjkmT49lwU9Mcwsw%3D%3D&portalId=6526999) ## Cannabis News of Note *A selection of relevant cannabis-related news*. *Items marked with ![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png) indicate links to licensed business profiles in the CRB Monitor database.* #### Adverse Media [JuicyFields’ Nearly $700 Million Cannabis Scam Case Leads To 9 Arrests](https://www.forbes.com/sites/dariosabaghi/2024/04/16/juicyfields-nearly-700-million-cannabis-scam-leads-to-9-arrests/?sh=4db36d94408b) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/70374) [Flagship Distribution Pre-Rolls Recalled in California for Inaccurate THC Labeling and Aspergillus](https://mailchi.mp/cannabis.ca.gov/consumer-advisory-voluntary-product-recall-bjuuy6io4w-17007245) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/50893) [Missouri AG Launches Probe Into Delta-8 Products](https://www.law360.com/cannabis/articles/1827043) #### Litigation [$100M Arbitration Award Restored In Colo. Dispensary Fight](https://www.law360.com/cannabis/articles/1826992) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/40777) [Investors sue California cannabis group for bilking them out of $9.1 million](https://www.greenmarketreport.com/investors-sue-california-cannabis-group-for-bilking-them-out-of-9-1-million/?utm_source=www.cultivated.news&utm_medium=newsletter&utm_campaign=lawmakers-love-4-20-apparently) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/business-aliases/13966) [Cannabis Ruling Lights Path For Bankruptcy Protection](https://www.law360.com/cannabis/articles/1825603) [Ohio County, Town Escape Hemp Stores' Claims Over Raids](https://www.law360.com/cannabis/articles/1825746) [Calif. Cannabis Co. Stiiizy Sued Over Delta-8 Products](https://www.law360.com/cannabis/articles/1825486) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/87866) #### Legalization & Regulation [New York scraps potency tax in new budget](https://www.greenmarketreport.com/new-york-scraps-potency-tax-in-new-budget/) [Blumenauer: This 4/20 Will Be The Last For Schedule I Pot](https://www.law360.com/cannabis/articles/1827526) [Minnesota Licensing Bill Passes House with Amendments](https://www.minnpost.com/state-government/2024/04/lottery-minnesota-cannabis-licenses-head-start-for-growers/) [NE Bill With 25% Tax on CBD and Consumable Hemp Products Dies as Legislative Session Ends](https://www.marijuanamoment.net/nebraska-bill-with-25-tax-rate-on-cbd-and-consumable-hemp-products-is-dead-as-legislative-session-draws-to-close/?) [NM Governor Presses Biden Official About Spike In Federal Marijuana Seizures](https://www.marijuanamoment.net/new-mexico-governor-presses-biden-official-about-spike-in-federal-marijuana-seizures-from-licensed-businesses/) [Colorado Senate Passes Amended Bill to Ban Advertising of Controlled Substances on Social Media](https://www.marijuanamoment.net/colorado-senate-passes-bill-that-could-ban-social-media-users-who-post-positively-about-drugs-including-legal-psychedelics/) [North Dakota recreational cannabis legalization campaign launches](https://mjbizdaily.com/north-dakota-recreational-cannabis-legalization-campaign-launches/?utm_campaign=MJBizDaily&utm_medium=email&_hsenc=p2ANqtz-_UL4I-kKBJW0Tc5LhS0WbFn6kRtnqlOmXtSQAxyvU9rawtxZGhGhrORSXyoB2PL7lTYJIOCd-jJzDna6mBldJeOmqzul119XVerckSeJ7zB90NfRc&_hsmi=303251308&utm_content=303254055&utm_source=hs_email) [Bill that redefines Alabama Medical Cannabis Commission duties heads to the Senate](https://www.cbs42.com/alabama-news/bill-that-redefines-alabama-medical-cannabis-commission-duties-heads-to-the-senate/) [Congressional Lawmakers Approve GOP-Led Marijuana And Psychedelics Bills for Veterans](https://www.marijuanamoment.net/congressional-lawmakers-approve-gop-led-marijuana-and-psychedelics-bills-focused-on-veterans/?) [Colorado regulators prohibit using chemically derived THC in marijuana products](https://marijuanamoment.us14.list-manage.com/track/click?u=2b103be7b5d7ad4abd40bfebc&id=375c4dc4d0&e=581ba6a5a9) #### Licensing Related [NY OCM to Start Issuing Provisional Cannabis Licenses](https://news.crbmonitor.com/2024/04/ny-ocm-to-start-issuing-provisional-cannabis-licenses/) [Arizona cannabis social equity reform failure highlights broader struggle](https://mjbizdaily.com/arizona-marijuana-social-equity-reform-failure-highlights-struggle/) [Massachusetts Gov. Awards Social Equity Grants to 50 Cannabis Companies](https://www.ganjapreneur.com/massachusetts-gov-awards-social-equity-grants-to-50-cannabis-companies/) #### Mergers & Acquisitions [Coda Signature cannabis edibles to return to Colorado after acquisition](https://mjbizdaily.com/coda-signature-cannabis-edibles-to-return-to-colorado-after-acquisition/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/5406) [Nature’s Miracle Holding Inc. and Agrify Corporation Agree to Merge](https://www.globenewswire.com/news-release/2024/04/17/2864407/0/en/Nature-s-Miracle-Holding-Inc-and-Agrify-Corporation-Agree-to-Merge.html) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/17934) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/48500) #### Markets [NY weed farmers, left out of the state budget, fear they won’t survive](https://www.cityandstateny.com/policy/2024/04/sorry-harsh-vibe-all-not-well-new-york-cannabis/395929/) [Canopy Growth Announces CBI Conversion to Exchangeable Shares and New Board of Directors](https://www.canopygrowth.com/investors/news-releases/canopy-growth-announces-cbi-conversion-to-exchangeable-shares-and-newly-constituted-board-of-directors/?utm_source=www.cultivated.news&utm_medium=newsletter&utm_campaign=should-you-go-into-business-with-cannabis-buds) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/11598) [Joe Hodas to Succeed Nancy Whiteman as CEO of Wana Brands](https://mgmagazine.com/press-releases/joe-hodas-to-succeed-nancy-whiteman-as-ceo-of-wana-brands/?utm_source=www.cultivated.news&utm_medium=newsletter&utm_campaign=should-you-go-into-business-with-cannabis-buds) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/45696) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/4887) ### Most Popular ### Subscribe For Updates ## Explore how CRBMonitor can simplify your cannabis-related compliance challenges. 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