CRB Monitor Database: Charting Growth
Total Tier 1 cannabis-related business records grew by 64, and beneficial owners increased by 116 during the week of Aug. 16. Active cannabis business licenses fell by 45, but approved/pending and pre-licenses increased slightly for a net loss of only 19 since last week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,417 1A CRBs + 5,027 1B CRBs = 98,444 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
Immigration Raids Hurt Glass House’s Production Outlook
Mass. marijuana testing lab at center of scandal will reopen after $300K fine
Litigation
2nd Circuit Rules Dormant Commerce Clause Applies to Cannabis
Federal Appeals Court: Medical Cannabis Consumers Shouldn’t Lose Their 2nd Amendment Rights
Supreme Court Gives MJ Companies More Time to File Petition Challenging Federal Prohibition
Legalization & Regulation
VA Marijuana Commission Talks Taxes and Revenue as Lawmakers Consider Legalizing Recreational
Could the Supreme Court help cannabis if Donald Trump won’t?
Massachusetts could be first state to repeal legal adult-use marijuana sales
Markets
Cannabis-Infused Beverages: A New Alternative to Alcohol
Canopy USA Appoints New Executive Team to Accelerate Growth
The Cannabist Co. Divests Dispensary Footprint in Pennsylvania
Poll: More Young Adults Are Opting For Cannabis Drinks Over Alcohol At After-Work Happy Hours
Curaleaf Stock Surges as Federal Rescheduling Buzz Lifts Cannabis Sector
Can Minnesota cannabis dispensaries compete with black market weed?
Vext Q2 2025 Financial Results: Record Quarterly Revenue with Strong 31% Cash Flow Margin
Wall Street Who? Cannabis Carves Its Own Path Without Big Finance