CRB Monitor Database: Charting Growth
Tier 1A cannabis-related businesses grew by 8% since the previous quarter and 14% since last year. Active licenses continue to decline, losing 379 (0.7%) since last quarter and dropping by nearly 11% since last year. However, 15,716 approved/pending and pre-licenses wait in the wings.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 84,067 1A CRBs + 4,052 1B CRBs = 88,119 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 NHPR Flower Product for Aspergillus
California Recalls Flor Flower Products for Aspergillus
Maryland cannabis companies fined $8,000 for violating advertising rules
Litigation
Cannabinoid Co. Sacked Exec For Flagging Fraud, Suit Says
Mich. Pot Dispensary Chain Sued Over Seller Tip Theft Claims
Appeals Court Drops Alabama Medical Cannabis Commission from Lawsuits
Legalization & Regulation
Hemp Legislation, Litigation Heat Up in 2024
OK Rep. Accuses Regulators of Financial Mismanagement
DEA Schedules Hearing On Marijuana Rescheduling, Delaying Final Rule Until After Election
Marijuana dispensaries in Michigan now subject to surprise inspections
Licensing Related
Mass. Sees a Jump in Inactive Licenses
Nevada reissues 6 permits for cannabis consumption lounges after hiccup
Glass House to challenge California’s recall of its marijuana products
South Dakota Increases Fees for Medical Marijuana Business Licenses by 70%
Despite governor’s report, most Illinois social equity businesses not operational yet
Hundreds of New York CAURD shops still trying to open
New York won’t process 2023 adult-use marijuana applications until 2025
Value of a cannabis license varies with type, market age
Out-of-state applicants swarm Minnesota’s early cannabis license window
Markets
Ohio Medical Prices Jump as Adult Use Launches
The Cannabist Co. selling Florida medical marijuana grows, dispensaries for $16.4M
Dutchie Launches Robust Integration for BioTrack Florida
Verano Closes Acquisition of Arizona and Virginia Subsidiaries of The Cannabist Co.
Arizona’s cannabis market losing sales buzz
TerrAscend Announces $10 Million Share Repurchase Program
Million-dollar dispensaries could soon be worthless
Why Does This Jar of (Legal) Weed Cost $60? Hint: Taxes
AFC Gamma provides credit totaling $18 million to 3 cannabis operators
International News
Leafly Partners with Uber Eats to Deliver Cannabis in Alberta, Canada