RESOURCES | Data Updates | Regulatory

CRB Monitor | Weekly Update | August 31 - September 6, 2024
Published on September 11, 2024

CRB Monitor Database: Charting Growth

For the fifth straight week, active cannabis business licenses fell to 51,163 the week of Aug. 31, an 11.65% drop from the year before. Including pre-licenses and approved/pending, total business licenses are still less than the total last year and previous quarter. However, 6,056 approved/pending licenses, a slight uptick from the previous week, wait in the wings.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 84,271 1A CRBs + 4,169 1B CRBs = 88,440 total

1A CRBs

1A CRB-090924
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-090924
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-090924
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.

Beneficial Owners Count

BOR-090924
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 >


Cannabis News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px indicate links to licensed business profiles in the CRB Monitor database.

Adverse Media

Oklahoma Indicts Another Suspected Straw Owner logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px
First D.C. gifting store padlocked and shutdown by regulators and police
Michigan processor Exclusive Brands named in two complaints for various violations logo_color_markonly 20px
NM Recalls WH Agriculture Flower for Pesticides logo_color_markonly 20px
K.U.S.H. Collective Vapes Recalled in California Due to Pesticides logo_color_markonly 20px
NE attorney general steps up fight against ‘misleading’ delta-8 retail sales, targets entire cities
Calif. Recalls Retro Hits Vape Product for Packaging Violation logo_color_markonly 20px

Litigation

One of Oklahoma’s largest medical marijuana grow operations fighting accusations logo_color_markonly 20px
THC-O Qualifies As Legal Hemp Under Federal Law, Appeals Court Says, Rejecting DEA’s Stance
Colorado Cannabis Co. Manager Stole $150K, Suit Claims logo_color_markonly 20px logo_color_markonly 20px
Lawsuit dismissed against 13 marijuana testing labs in California logo_color_markonly 20px logo_color_markonly 20px
Judge may allow Alabama cannabis commission to vet license awards
Michigan Voters Can't Advance Pot Initiatives, Appeals Panel Rules
Pot Co. Stiiizy Hit With New Lawsuit Over High-Potency Wares logo_color_markonly 20px
Colorado cannabis operator seeks financial damages in counterclaim logo_color_markonly 20px logo_color_markonly 20px
Hemp growers sue TN Dept. of Agriculture over ’emergency’ rules on hemp-derived products
Testing Medical Cannabis: One Lab or Two?
Wash. Justices Disbar Attorney For Theft From Cannabis Investors

Legalization & Regulation

CA Governor Bans Intoxicating Hemp Products
Regulator Was Confounded by AR Hemp Ban Language
Trump Backs Federal Marijuana Rescheduling And Cannabis Industry Banking Access
Tribe Begins First Adult-Use Marijuana Sales in NC, Where Cannabis Remains Illegal
Retail Cannabis Burglary Ring Busted by California Police
CA Lawmakers Approve Bill to Prevent ‘Double Taxation’ of Marijuana by Local Governments
New York delinquent payment list grows to 13 dispensaries

Licensing Related

Minnesota Vetting 1,817 Applicants Ahead of License Lottery
Virginia Cannabis Control Authority Grants Conditional Approval to AYR Virginia logo_color_markonly 20px
Massachusetts social equity advocates call for investigation into MSO license ownership logo_color_markonly 20px
Ohio caps adult-use cannabis store licenses in state’s largest cities
Here's how RI could determine who can open new retail cannabis stores
OK license granted to medical marijuana business owner after a year of waiting logo_color_markonly 20px

Markets

FundCanna launched a new cannabis industry payment solution
Cannabis producer Organigram closes on second tranche, reaps CA$41.5 million logo_color_markonly 20px
Longtime New Mexico cannabis company shuttering due to saturation logo_color_markonly 20px

International News

US cannabis brands embrace international expansion opportunities logo_color_markonly 20px

 

Most Popular

Subscribe For Updates

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