CRB Monitor Database: Charting Growth
Tier 1B cannabis-related business records have stagnated as the number, 4,937, has stayed the same for the last three weeks and added only four records since the first week of April. There has been only 2% growth since the last quarter and 23% growth since a year ago. Tier 1A records, however, increased by 96 during the last week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,187 1A CRBs + 4,937 1B CRBs = 94,124 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.
Adverse Media
El Capitan’s Nash Nears SEC Settlement
Third legal cannabis dispensary in D.C. shutdown for illegal sales
Litigation
Alabama Judges Voids Third Attempt at Medical Licensing
California marijuana testing lab sues state to recover suspended license
Federal Judge Rules Medical Cannabis Isn’t Covered by Insurance
Legalization & Regulation
California Tax Freeze Moves Through Assembly
No charges filed in wrongdoing probe of ex-Oregon official with marijuana ties
Licensing
Hawaii licenses another medical cannabis dispensary on Oahu
Maryland governor approves marijuana consumption lounges but with no smoking
Predatory investors undermine intent of cannabis social equity in New York
Markets
First marijuana consumption venue opens in San Diego County
Cannabis operator Village Farms gets extension to regain Nasdaq compliance
The Cannabist Co. Launches Adult-Use Sales at 3rd New Jersey Dispensary
International
Tilray is exiting New Zealand’s medical cannabis market to focus on Australia