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CRB Monitor | Weekly Update | April 6 - April 12, 2024
Published on April 17, 2024

CRB Monitor Database: Charting Growth

Total Tier 1 cannabis-related businesses grew by just six in the last week, with two more 1A businesses and four 1Bs. However, active business licenses fell by 183 compared to the previous week. Beneficial owner records increased by 210.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 76,207 1A MRBs + 4,010 1B MRBs = 80,217 total


1A CRB-041524
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-041524
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

Cannabis retailer in Chaparral, N.M., to pay fine after facing violation allegations logo_color_markonly 20px
Marijuana firm Village Farms regains Nasdaq compliance; Weedmaps loses it logo_color_markonly 20px logo_color_markonly 20px
California recalls Tyson Undisputed Cannabis Flower products for Aspergillus logo_color_markonly 20px
Ontario regulator fines Cannabis Xpress, alleges pay-to-play


AK Supreme Court rules in favor of River Valley Relief in marijuana cultivation license dispute logo_color_markonly 20px logo_color_markonly 20px
Connecticut Pot Opponents Can't Sue To Shut Down Legal Sales logo_color_markonly 20px
'Woodstock' Rivals Set To Test Weed-Adjacent Marks At Trial
Pot Cos. Say California City Reneged On Fee Waiver Promise logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px

Legalization & Regulation

Alabama Bill Tries to Correct Botched Medical Rollout
Pennsylvania Lawmakers File Marijuana Legalization Bill Ahead Of Committee Hearing
Schumer, Key House Reps. Discuss Merging Marijuana Banking Bill With Cryptocurrency Reform
Amended Nebraska Bill Reduces Proposed Hemp and CBD Tax Rate from 100% Down to 25%
Justice Department Is Investigating MRBs Over COVID Relief Loans, Industry Sources Say
NH House Passes Bill To Legalize Marijuana Through ‘Agency Store’ Model That Senators Oppose
Colorado regulators prohibit using chemically derived THC in marijuana products
Kentucky lawmakers expedite medical marijuana licensing, pass on extra conditions

Licensing Related

Rejected Applicant for Several Dispensaries Sues MD Over Licensing Process logo_color_markonly 20px logo_color_markonly 20px
Oregon Cannabis Operators Welcome Defacto Licensing Moratorium
Minnesota Launches Cannabis License Rulemaking Survey

Mergers & Acquisitions

Cannabis staffing company Vangst acquires ‘largest competitor’
MariMed closes $5.3M deal for shuttered Maryland dispensary logo_color_markonly 20px logo_color_markonly 20px
Sun Theory marijuana operator acquires Terrapin’s Colorado stores logo_color_markonly 20px


Chicago Atlantic lends $20 million to Nova Farms cannabis operator logo_color_markonly 20px logo_color_markonly 20px
U.S. Hemp Authority Announces Adult Use Hemp Product Certification
Decibel Cannabis’ former CEO Sze takes helm again logo_color_markonly 20px
Canopy Growth alum McCarthy takes helm of Cannabis Council of Canada
Marijuana multistate operators continue to flee regulated state markets
Canopy stockholders OK share structure for US marijuana holding company logo_color_markonly 20px


Surrey, British Columbia, moves to allow legal cannabis retail

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