CRB Monitor Database: Charting Growth
Because of the influx of Minnesota applications in July, total cannabis business licenses in the first week of September are up 4.0% from the start of the second quarter. Tier 1A cannabis-related business records increased 4.5% since last quarter and added 77 records last week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,515 1A CRBs + 5,025 1B CRBs = 98,540 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.
Litigation
Massachusetts must rehire embattled cannabis czar as employee payouts soar
Hemp Cos. Drop Challenge To Arkansas Regulations
Fourth Circuit clears Maryland social equity mandate for retail weed market
Legalization & Regulation
Texas Expands Its Medical Cannabis Program
Oregon Officials Issue Certified Ballot Title For Measure To Legalize Marijuana Social Lounges
House Democrats introduce longshot federal marijuana legalization bill
Did California’s biggest marijuana cultivator fool state regulators?
Swapped out: New Nebraska medical cannabis regs advance to final approval, draw public ire
Congressional Committee Directs Federal Agencies To Study State Marijuana Laws
Licensing
Chicago alderman won’t allow cannabis dispensary owned by ex-cops
Markets
Metrc and BioTrack Form Partnership
Bountiful Farms Expands to Adult-Use Retail With Plans to Open 2 Massachusetts Dispensaries
Rapid dispensary growth raises questions about D.C. cannabis market capacity
Canadian household spending on cannabis reaches nearly $2 billion
Glass House Brands Board Member Dies
Jeeter Takes Bite Out of the Big Apple
Kentucky Governor Says Medical Marijuana Sales Should Start By The End Of This Year
Trulieve to Open New Dispensary in Bisbee, Arizona
MA: Lakeville cannabis grower taking over Framingham dispensary
Safe Harbor Financial Launches Industry’s First Fully Managed Cannabis Banking Program
High Tide Closes Acquisition of a Majority Stake in Remexian Pharma GmbH