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CRB Monitor | Weekly Update | April 20 - April 26, 2024
Published on May 1, 2024

CRB Monitor Database: Charting Growth

Partially driven by fresh waves of license approvals in New York, Tier 1 CRB businesses jumped by 178 the week of April 20, and approved/pending licenses increased by 128. Total active cannabis business licenses, however, dropped by 69.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 77,238 1A MRBs + 4,018 1B MRBs = 81,256 total


1A CRB-042924
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-042924
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

MedMen declares bankruptcy in Canada, enters receivership in US logo_color_markonly 20px
Nebraska Attorney General Files Lawsuit Against HDC Retailer
Multiple C CREME Infused Pre-Roll Products Recalled in California logo_color_markonly 20px
Receiver appointed for High Times assets logo_color_markonly 20px
Canada recalls contaminated Acreage Pharms cannabis logo_color_markonly 20px


Stiiizy Hemp Products Draw Another Federal Lawsuit logo_color_markonly 20px
Michigan Supreme Court to Hear Cannabis Licensing Dispute logo_color_markonly 20px
Calif. Cannabis Labor Law Violates US Constitution, Co. Says logo_color_markonly 20px
Michigan company changes edibles name following cease-and-desist letter from Tootsie Roll logo_color_markonly 20px
Schwazze settles one wage theft lawsuit for $525K, with second case still pending logo_color_markonly 20px
'Woodstock' Weed TM Case Settles Before Jury Selection
CBD Co's CEO Agrees To Pay $350K To End SEC Suit logo_color_markonly 20px logo_color_markonly 20px
Trulieve Strikes Deal To End Ex-Worker's Whistleblower Suit logo_color_markonly 20px
Justices To Weigh RICO Injury Scope In CBD Case logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px

Legalization & Regulation

US drug control agency will move to reclassify marijuana in a historic shift, AP sources say
McConnell ‘Continues To Oppose Marijuana Banking’
Search warrants detail undercover buys and seizures from cannabis-related shops in Virginia
CRA Announces Claire Patterson as Director of Michigan’s New Cannabis Reference Laboratory
Kansas Senate Rejects Motion To Revive Medical Marijuana Legalization Bill
Audio: NM Governor ‘Offended’ By Top Biden Official’s Reaction To Marijuana Business Seizures
Louisiana Lawmakers Approve Bill To Create Marijuana Legalization Regulatory Framework
Georgia Bill To Regulate Hemp Products Like CBD And Delta-8 THC Awaits Governor’s Action
D.C. agency gets more power to go after unlicensed cannabis shops

Licensing Related

New Jersey CRC Lifts Deadline for Conditional License Conversions
Kentucky will hold October lottery to award first marijuana business licenses
First North Carolina Medical Cannabis Shop Opens In Cherokee Territory

Mergers & Acquisitions

Cannabis MSO Curaleaf completes $16M acquisition of Northern Green Canada logo_color_markonly 20px logo_color_markonly 20px


Planet 13 Gets OMMU Approval to Sell Planet 13 Florida and Acquire VidaCann logo_color_markonly 20px logo_color_markonly 20px
Clever Leaves Is Delisting from NASDAQ to Avoid Reporting Obligations logo_color_markonly 20px
How Private Equity Trumped Social Equity in State Cannabis Deal logo_color_markonly 20px
Village Farms International Expands Executive Team logo_color_markonly 20px
Marijuana industry will add $112.4 billion to US economy in 2024
Cresco Labs cannabis cultivation employees in Massachusetts ditch union logo_color_markonly 20px


Morocco Issues 2,905 Permits for Legal Cannabis Production
German cannabis imports rise to 34.6 tons as cultivators eye end of quota system
Cannatrol received approval of two European patents for cannabis production technology
Netherlands Appeals Court Orders Bank to Provide Cannabis Coffee Shop with Business Account
Slovenia's National Assembly voted to put a medical cannabis referendum on the ballot
Manitoba expected to overturn ban on homegrown cannabis

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