CRB Monitor Database: Charting Growth
Continued licensing activity in New York led to a jump in approved/pending licenses of 418 in the last week. Tier 1A cannabis-related businesses also climbed by 305. However, active licenses fell by 180.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 77,543 1A MRBs + 4,019 1B MRBs = 81,562 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. Items marked with 
indicate links to licensed business profiles in the CRB Monitor database.
Adverse Media
Arkansas Revokes Green Springs Medical’s License
'Bud And Breakfast' Cannabis Scammer Gets 2 Years In Prison
Neptune Wellness insider trading case settled
Consumer protection warning: Holland Cannabis Company
Arizona Dept. of Health Recalls The Flower Shop’s Product for Possible Fungus
Litigation
Missouri judge rules local governments can stack sales tax on marijuana
Financier Says Colo. Cannabis Growers Made Off With Plants
Saugerties woman seeking cultivator license sues NY pot regulators
NJ’s recreational cannabis law doesn’t violate federal law, appellate court says
Companies tied to out-of-state firms appeal revocation of social-equity licenses in MO
MedMen receiver sets date to meet with creditors after cannabis MSO’s bankruptcy filing
Legalization & Regulation
Six States Pass Hemp Laws; More Wait in the Wings
Michigan regulators updated best practices guide on compliance for marijuana businesses
MN senate green lights speedier timeline for launching licensed cannabis businesses
Changes to Maine's cannabis laws around the corner
Maryland governor swore in the Senate-confirmed director of the Maryland Cannabis Administration
CO Bill That Would Have Muzzled Social Media Speech on State-Legal Drugs Is Dead for the Year
Cole, Blumenauer Say DOJ May Update Banking Guidance Following Rescheduling
Farm Bill framework seeks to define hemp, doesn’t mention delta-8 THC
Schumer And Other Democratic Senators File Bill To Federally Legalize Marijuana
More oversight could be coming to PA medical marijuana labs
CT House votes to set standards on THC products
Licensing Related
Kentucky Announces Fall Lottery for 74 Medical Licenses
Illinois issues 35 conditional social equity adult-use marijuana licenses
US cannabis business licenses down 6% in first quarter of 2024
End of social equity cannabis retail application period in D.C. brings supply questions
Mergers & Acquisitions
SunStream USA Poised to Acquire Cannabis Assets
Planet 13 Receives Approval to Sell Florida License, Acquire VidaCann for $49 Million
Cookies to acquire ‘related’ cannabis assets in Florida
Markets
Cannabis Companies Getting Nervous About PPP Loan Investigations
Wholesale cannabis prices beating expectations for 2024
New era for pot regulation leaves old problem: Many cannabis companies can’t find a bank
Cannabis retailer High Tide appoints new CFO
Auditor KPMG dumping cannabis clients over ‘elevated risk’
Teamsters unionize another Cresco marijuana store in Illinois
First North Carolina Medical Cannabis Shop Opens In Cherokee Territory
California City in Cannabis Retail Desert Welcomes 1st Dispensary
Verano Opens 3rd Connecticut Social Equity Joint Venture Dispensary
International
Germany Seeks To Launch Marijuana Sales Pilot Program Through Regulations, Report Says