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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 CRB-042224
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
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. 

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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.

Adverse Media

JuicyFields’ Nearly $700 Million Cannabis Scam Case Leads To 9 Arrests logo_color_markonly 20px
Flagship Distribution Pre-Rolls Recalled in California for Inaccurate THC Labeling and Aspergillus logo_color_markonly 20px
Missouri AG Launches Probe Into Delta-8 Products


$100M Arbitration Award Restored In Colo. Dispensary Fight logo_color_markonly 20px
Investors sue California cannabis group for bilking them out of $9.1 million logo_color_markonly 20px
Cannabis Ruling Lights Path For Bankruptcy Protection
Ohio County, Town Escape Hemp Stores' Claims Over Raids
Calif. Cannabis Co. Stiiizy Sued Over Delta-8 Products logo_color_markonly 20px

Legalization & Regulation

New York scraps potency tax in new budget
Blumenauer: This 4/20 Will Be The Last For Schedule I Pot
Minnesota Licensing Bill Passes House with Amendments
NE Bill With 25% Tax on CBD and Consumable Hemp Products Dies as Legislative Session Ends
NM Governor Presses Biden Official About Spike In Federal Marijuana Seizures
Colorado Senate Passes Amended Bill to Ban Advertising of Controlled Substances on Social Media
North Dakota recreational cannabis legalization campaign launches
Bill that redefines Alabama Medical Cannabis Commission duties heads to the Senate
Congressional Lawmakers Approve GOP-Led Marijuana And Psychedelics Bills for Veterans
Colorado regulators prohibit using chemically derived THC in marijuana products

Licensing Related

NY OCM to Start Issuing Provisional Cannabis Licenses
Arizona cannabis social equity reform failure highlights broader struggle
Massachusetts Gov. Awards Social Equity Grants to 50 Cannabis Companies

Mergers & Acquisitions

Coda Signature cannabis edibles to return to Colorado after acquisition logo_color_markonly 20px
Nature’s Miracle Holding Inc. and Agrify Corporation Agree to Merge logo_color_markonly 20px logo_color_markonly 20px


NY weed farmers, left out of the state budget, fear they won’t survive
Canopy Growth Announces CBI Conversion to Exchangeable Shares and New Board of Directors logo_color_markonly 20px
Joe Hodas to Succeed Nancy Whiteman as CEO of Wana Brands logo_color_markonly 20px logo_color_markonly 20px

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