CRB Monitor Database: Charting Growth
As we start the new year, the biggest CRB Monitor records jump was in beneficial owners, with 164. Total Tier 1 cannabis-related business records increased by 63, the week of Jan. 3. Active licenses fell by 96, while approved/pending licenses added one.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 94,443 1A CRBs + 5,088 1B CRBs = 99,531 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
OK Emergency Order of Summary Suspension and Embargo: Happy Feeling LLC
Voluntary Recall of Canna-Lean Tincture in Calif.
Cannabis-Linked Co. CEO To Pay SEC Fine Over Fraud Claims
Litigation
Fla. Entrepreneur Urges Court To Halt RI Pot Licensing
Colo. Lender Says Boston Dispensary Owes $450K On Loan
Legalization & Regulation
Florida adult-use marijuana legalization stinks, state attorney general tells Supreme Court
FL Bill Would Legalize Adult-Use MJ and End Medical ‘Monopolies’ with Expanded Licensing
US House Passes Bill Protecting Medical MJ Laws and Rejecting Attempt to Block Rescheduling
Republican opposition to Trump marijuana rescheduling could thwart other reforms
Big banks still refusing cannabis despite Trump marijuana rescheduling
Texas proposes 13,000% licensing fee hike on retailers who sell hemp-derived THC
Kentucky bills aim to legalize cannabis possession, expunge previous convictions
Michigan regulators are accepting hemp grower registration applications
Virginia Sen. Ebbin is resigning to be senior advisor to the Cannabis Control Authority
New Hampshire House Passes Bills To Legalize Marijuana And Let Dispensaries
Indiana Lawmaker Files Bill To Legalize Low-Level Marijuana Possession And Cultivation
Senate Approves Trump’s Drug Czar Pick Who Supports Medical MJ as Rescheduling Looms
New Alabama Hemp Restrictions Now In Effect
Markets
Blüm Holdings Announces $3.05 Million Debt Conversion
Supply woes still hampering Kentucky medical marijuana launch
New York cannabis sales hit $1.5 billion in 2025
Curaleaf Announces Proposed Domestication to Delaware
Massachusetts cannabis sales hit record $1.65 billion despite falling prices
Tilray Brands Delivers Record Quarterly Net Revenue of $218M
Mergers & Acquisitions
California startup once valued at $700M sells for shockingly low price
Major cannabis edibles M&A as Wyld acquires competitor Grön
Vireo Growth acquires former ‘Uber of Weed’ as cannabis M&A activity heats up
Nabis Acquires Humble Cannabis Solutions Assets, Announces New Strategic Investment
International
Thailand plans new cannabis rules to rein in dispensary boom