CRB Monitor Database: Charting Growth
New cannabis business licensing continues to stall. Total Tier 1 business records grew by only four during the last week, and total cannabis business licenses fell by 214. Beneficial owner records, however, keep climbing. They grew by 42 in the last week and 3.7% in the last six months.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,188 1A CRBs + 4,940 1B CRBs = 94,128 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
Marijuana delivery company Eaze Technologies files bankruptcy
D.C. officials celebrate 50th padlock of illegal cannabis store
Litigation
New Mexico operator loses lawsuit over insurance coverage of medical marijuana
MMJ to File Emergency Injunction Against DEA’s ‘Unconstitutional Marijuana Hearing’
Legalization & Regulation
Cannabis Inversion Is a Problem Not Just in NY
Oklahoma gov seeks crackdown on intoxicating hemp-derived cannabinoids
California tax agency confirms it will raise cannabis excise rate to 19% on July 1
Licensing
Michigan trade group wants state to quit issuing new cannabis business licenses
Missouri to research viability of issuing more adult-use marijuana licenses
Markets
Green Thumb Opening RISE Dispensary Ocala in Florida
Peek inside Denver’s new cannabis club, now serving marijuana and munchies
Aurora Cannabis Completes Multimillion-Dollar Investment, Renames Manufacturing Facility
Shangri-La to Open State-of-the-Art Cultivation and Manufacturing Plants in Connecticut
Planet 13 Opens 33rd Florida Dispensary in Edgewater