CRB Monitor Database: Charting Growth
Tier 1A cannabis-related businesses surpassed 84,000, adding 87 in the past week and 6,262 since the last quarter. Total cannabis business licenses and beneficial owners also continued steady growth, while Tier 1B CRBs have been relatively static for several weeks.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 83,026 1A CRBs + 4,049 1B CRBs = 88,075 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
California Recalls Glass House Farms Pre-Rolls for Aspergillus
California judge rules against cannabis testing lab with revoked license
MI regulators publish monthly report on disciplinary actions taken against marijuana businesses
California seizes over 2.2 million illicit cannabis packages marked as legal
Virginia Hemp Businesses Fined $12.4 Million Since July 2023, Including $1.6 Million Last Month
Michigan Regulatory Agency Files Formal Complaint Against One Love Labs
Canada expands hemp and marijuana recall, cites intoxicating cannabinoids
Litigation
Cookies sued again – this time for not paying an advertising bill
Judge Finds Flaws in New York City’s Cannabis Enforcement Efforts
Wyoming Hemp Cos. Bring Challenge To 10th Circuit
NY Cannabis Regulator Accused Of Racial Discrimination
Legalization & Regulation
Three States May Legalize Adult-Use This November
Absence of I-71 store closures pushes D.C.’s medical cannabis market towards “catastrophic failure”
Licensing Related
Second Quarter 2024 Cannabis Business Licensing Activity
Delaware Is Now Accepting Applications For State’s First Recreational Marijuana Licenses
Mergers & Acquisitions
SNDL to Acquire Remaining Minority Interest of Nova Cannabis
Markets
Cannabis-Related Securities Quarterly Update | Second Quarter 2024
Ohio marijuana retailers double sales after adult-use market launch
California hemp fight signals long-term struggle with marijuana
Sunburn Cannabis gets new investment from Poseidon
Cannabis operator TerrAscend secures $140 million loan
Maryland cannabis retailer’s employees unionize, citing poor working conditions
Teamsters unionize fourth Verano cannabis store in Illinois
David Klein retiring as CEO of Canadian cannabis operator Canopy Growth