---
title: CRB Monitor | Weekly Update | August 3 - August 9, 2024
description: Highlighting growth of Tier 1A and 1B CRBs (cannabis-related businesses), cannabis business licenses and beneficial owners, with industry news to note.
image: https://www.crbmonitor.com/hubfs/1A%20CRB-081224.png
---

[![CRB Monitor](https://www.crbmonitor.com/hubfs/Crbmonitor%20-%20December2019/Images/logo.svg "CRB Monitor")](https://www.crbmonitor.com/)

Close

## Request More Info

We'd love to hear from you! Let us know how we can help.

# RESOURCES | Data Updates | Regulatory

CRB Monitor | Weekly Update | August 3 - August 9, 2024

##### Published on August 14, 2024

### CRB Monitor Database: Charting Growth

#### Both Tier 1A and Tier 2B cannabis-related businesses have shown strong growth over the last year, gaining 14.45% and 7.02% respectively. Beneficial owners have also grown steadily, adding 3,873 in the last six months and 1,501 since the last quarter. 

#### Tier 1 Cannabis-Related Business Counts

Weekly Summary: 83,939 1A CRBs + 4,053 1B CRBs = 87,992 total

### 1A CRBs

*![1A CRB-081224](https://www.crbmonitor.com/hs-fs/hubfs/1A%20CRB-081224.png?width=468&height=281&name=1A%20CRB-081224.png)  
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-081224](https://www.crbmonitor.com/hs-fs/hubfs/1B%20CRB-081224.png?width=468&height=279&name=1B%20CRB-081224.png)  
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

*![CBL-081224](https://www.crbmonitor.com/hs-fs/hubfs/CBL-081224.png?width=468&height=305&name=CBL-081224.png)  
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.*

### Beneficial Owners Count

*![BOR-081224](https://www.crbmonitor.com/hs-fs/hubfs/BOR-081224.png?width=468&height=292&name=BOR-081224.png)  
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. 

*

[Schedule Demo to See Full Database > ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLJD1yIF1IrCC2%2B2U0eNWdHj6Sn9vXOR%2FbensQH28M8tEuLHksMU8Vi2EfB5Iij5cm8TYEvDap1UvVsxxnrsM7e8Qun%2BCHYY8f5zRaS%2FZssISKgwXZpl4fSQ5%2F8%2BP0HO4q%2F%2B4c8HWm9fTboTa%2BXBCqbwZ3NxsEvKa6gzqh2KX%2BBBAYg8a0tSzFGlpsZec0b6yMlxb6ymGT%2FjkmT49lwU9Mcwsw%3D%3D&portalId=6526999)

## Cannabis News of Note

*A selection of relevant cannabis-related news*. *Items marked with ![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png) indicate links to licensed business profiles in the CRB Monitor database.*

#### Adverse Media

[California Recalls Up 800% This Year](https://news.crbmonitor.com/2024/08/california-recalls-up-800-this-year/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/2112) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/29208)[ ![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/32490)  
[Missouri regulators recall 2,600 cannabis products over improper testing](https://mjbizdaily.com/missouri-regulators-recall-2600-cannabis-products-over-improper-testing/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/38462)  
[Oklahoma suspends cannabis processor for health violations, evading tracking](https://mjbizdaily.com/oklahoma-suspends-marijuana-processor-for-health-violations-evading-tracking/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/20194) 

#### <https://content.govdelivery.com/accounts/NJCANNABIS/bulletins/3abc7e9><https://cannabis.ca.gov/resources/cannabis-recalls-and-safety-notices/thc-design-estate-grown-premium/><https://outlawreport.com/cease-and-desist-orders-given-to-4-unlicensed-d-c-dispensaries/><https://mailchi.mp/cannabis.ca.gov/consumer-advisory-voluntary-product-recall-bjuuy6io4w-17007217><https://cannabis.ca.gov/resources/cannabis-recalls-and-safety-notices/blem-cannabis-flower/>Litigation

<https://thedailyrecord.com/2023/11/22/md-supreme-court-declines-to-hear-washington-county-hemp-case/>[Investor Can't Drop Fraud Suit Against Crowdfunding CEO](https://www.law360.com/cannabis/articles/1866915) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/57492)<https://www.law360.com/cannabis/articles/1849939>[Trulieve Settles Fired Retail Worker's Race Bias Suit](https://www.law360.com/cannabis/articles/1867916) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/13623)  
['Unclean Hands' Doom Colo. Dispute Over Cannabis Biz Sale](https://www.law360.com/cannabis/articles/1867908) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/4855)  
[Nevada Supreme Court Allows State Pharmacy Board to Keep MJ In Schedule I Despite Legalization](https://www.marijuanamoment.net/nevada-supreme-court-allows-state-pharmacy-board-to-keep-marijuana-in-schedule-i-despite-legalization/)  
[2 Chainz Snared By Pot Shop Investment Scam, Suit Says](https://www.law360.com/cannabis/articles/1867030) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/55582)  
[Investors file $5 million class action lawsuit against High Times](https://www.greenmarketreport.com/investors-file-5-million-class-action-lawsuit-against-high-times/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/37650)  
[Former Green Dragon owner sues Eaze on auction day](https://www.greenmarketreport.com/former-green-dragon-owner-sues-eaze-on-auction-day/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/11597)  
[Colorado marijuana complaint highlights industry’s ongoing testing scandal](https://mjbizdaily.com/colorado-marijuana-complaint-highlights-ongoing-indusry-testing-scandal/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/40621) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/24919)  
[Cannabis Drink Companies Drop Challenge To Iowa THC Law](https://www.law360.com/cannabis/articles/1867919)  
<https://www.law360.com/cannabis/articles/1690942?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-21&nlsidx=0&nlaidx=5>

#### Legalization & Regulation

<https://news.crbmonitor.com/2024/05/6-states-pass-hemp-laws-more-wait-in-the-wings/>[North Dakota Officials Approve Marijuana Legalization Measure For November’s Ballot](https://www.marijuanamoment.net/north-dakota-officials-approve-marijuana-legalization-measure-for-novembers-ballot/)  
[Rescheduling, Farm Bill trigger cannabis industry lobbying blitz](https://mjbizdaily.com/rescheduling-farm-bill-trigger-marijuana-industry-lobbying-blitz/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/15207) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/562)  
[L.A. County watchdog agency: City’s cannabis licensing, social equity need reform](https://www.greenmarketreport.com/l-a-county-watchdog-agency-citys-cannabis-licensing-social-equity-needs-reform/)  
[Oregon Voters Will Decide Whether to Help Marijuana Industry Workers Unionize This November](https://www.marijuanamoment.net/oregon-voters-will-decide-on-ballot-measure-to-help-marijuana-industry-workers-unionize-this-november/)  
[Michigan outlines penalties for violators of marijuana business rules](https://mjbizdaily.com/michigan-outlines-penalties-for-violators-of-marijuana-business-rules/)  
[Senate Committee Keeps D.C. Marijuana Sales Ban Intact](https://www.marijuanamoment.net/senate-committee-keeps-d-c-marijuana-sales-ban-intact-while-also-criticizing-research-restrictions-on-psychedelics-and-cannabis/)  
[New Hampshire governor signs two bills to improve medical cannabis access](https://www.greenmarketreport.com/new-hampshire-governor-signs-two-bills-to-improve-medical-cannabis-access/)  
<https://www.marijuanamoment.net/congressional-committee-pushes-federal-agencies-to-study-state-marijuana-laws-and-reconsider-cannabis-use-policies-for-government-workers/>

#### <https://www.marijuanamoment.net/marijuana-and-hemp-businesses-at-odds-over-consumable-cannabinoid-ban-in-house-farm-bill/>Licensing Related

<https://www.marijuanamoment.net/ohio-officials-will-begin-accepting-recreational-marijuana-sales-applications-this-week-but-the-market-wont-launch-immediately/>[Regulators Expect $5B Market In New York](https://news.crbmonitor.com/2024/08/regulators-expect-5b-market-in-new-york/)  
[Alabama Medical Cannabis Commission awards some licenses; litigation continues](https://alabamareflector.com/2024/08/09/alabama-medical-cannabis-commission-awards-some-licenses-litigation-continues/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/78008) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/78010)  
[Delaware Officials Will Start Accepting Adult-Use Marijuana License Applications This Month](https://www.marijuanamoment.net/delaware-officials-will-start-accepting-adult-use-marijuana-license-applications-ahead-of-schedule-this-month/)  
[Colorado Plans to More Than Double Licensing Fees](https://drive.google.com/file/d/1--3MCj_KhBcK3tGEcwyUPQv7chpRMF0v/view)   
[Mass. Cannabis Commission says it failed to collect $500,000 in licensing fees](https://commonwealthbeacon.org/marijuana/cannabis-commission-says-it-failed-to-collect-500000-in-licensing-fees/)  
[Kentucky asks medical marijuana license applicants to create extensive plans](https://mjbizdaily.com/kentucky-medical-marijuana-license-applicants-must-create-extensive-plans/)  
<https://news.crbmonitor.com/2024/07/kentucky-waits-for-application-flood/>

#### Markets

<https://news.crbmonitor.com/2024/05/biotrack-and-mj-freeway-merging-under-alleaves/>[Verano Buys Into Virginia](https://news.crbmonitor.com/2024/08/verano-buys-into-virginia/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/12729) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/25845)  
[Cannabis-Linked Securities Update | June 2024](https://news.crbmonitor.com/2024/08/cannabis-linked-securities-update-june-2024/)  
[Curaleaf swaps CEOs, stakes out new 280E tax position](https://mjbizdaily.com/cannabis-mso-curaleaf-swaps-ceos-stakes-out-new-280e-tax-position/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/562)  
[Without fanfare, Curaleaf lists a new HQ in CT](https://www.hartfordbusiness.com/article/without-fanfare-worlds-largest-publicly-traded-cannabis-company-lists-a-new-ct-hq-address) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/562)  
[Ohio welcomes recreational marijuana sales with excitement, celebration](https://www.greenmarketreport.com/ohio-welcomes-recreational-marijuana-sales-with-excitement-celebration/)  
[Canadian cannabis operator High Tide secures CA$15 million credit line](https://mjbizdaily.com/canadian-cannabis-operator-high-tide-secures-ca15-million-credit-line/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/26394)  
[Bright Green Corp. Obtains $18.5M in Debt Financing](https://www.globenewswire.com/news-release/2024/08/08/2927432/0/en/BRIGHT-GREEN-ANNOUNCES-IT-HAS-OBTAINED-A-3-5-MILLION-FUNDING-COMMITMENT-UNDER-AN-EXISTING-LINE-OF-CREDIT-AND-HAS-ENGAGED-AN-INVESTMENT-BANK-TO-SEEK-A-15-0-MILLION-DEBT-FINANCING-TO.html) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/52351)  
[Curio Wellness and Ascend Wellness Announce Manufacturing, Distribution Partnership](https://www.prnewswire.com/news-releases/curio-wellness-and-ascend-wellness-announce-manufacturing-and-distribution-partnership-302219667.html) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/57212) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/13127)<https://theannapurnaexpress.com/story/49069/>

 

### Most Popular

### Subscribe For Updates

## Explore how CRBMonitor can simplify your cannabis-related compliance challenges.

Request Demo

### CRB Monitor Cannabis Corporate Intelligence

### Contact Us

[Info@CRBMonitor.com](mailto:Info@CRBMonitor.com)   
[844-672-3282](tel:844-672-3282)

###### [EVENTS & ENGAGEMENTS](https://www.crbmonitor.com/events-and-speaking-engagements) [CRB RISK TIERS](https://www.crbmonitor.com/resources/defining-cannabis-marijuana-related-business) [DIGITAL ASSETS](https://www.crbmonitor.com/digital-asset-related-businesses-and-securities)

###### [PRIVACY POLICY](https://www.crbmonitor.com/privacy-policy/)

### Pressroom

- [LinkedIn ](https://www.linkedin.com/company/mrb-monitor)

< !-- Google Tag Manager (noscript) -->

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "CRB Monitor",
    "url" : "https://www.crbmonitor.com/resources/author/crb-monitor"
  },
  "dateModified" : "2024-08-14T11:00:00.308Z",
  "datePublished" : "2024-08-14T11:00:00.000Z",
  "headline" : "CRB Monitor | Weekly Update | August 3 - August 9, 2024",
  "image" : [ "https://www.crbmonitor.com/hubfs/1A%20CRB-081224.png" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.crbmonitor.com/resources/crb-monitor-weekly-update-august-3-august-9-2024",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://www.crbmonitor.com/hubfs/logo_color_full.png"
    },
    "name" : "CRB Monitor"
  }
}
```