CRB Monitor Database: Charting Growth
Due to an influx of recently received Minnesota application data, Tier 1A businesses increased by 3.7% over the last week, and beneficial owners jumped approximately 3%. Total applications, which include data from other states, increased by 3,287, and active licenses added 44.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,166 1A CRBs + 4,988 1B CRBs = 98,154 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
Colorado Regulators Warn About Revoked Licensees
Pot farm raided by immigration agents has open child labor complaint, state says
NY Regulators Announce Compliance Settlement With Charlie Fox Dispensary, Basin Mixtures Inc.
Legalization & Regulation
Michigan leads nation in cannabis business violations
Minnesota City Launches Government-Branded Cannabis Gummy
Feds' Shift On Reputational Risk Raises Questions For Banks (subscription required)
Omaha Tribe of Nebraska Passes Adult-Use and Medical Cannabis Legalization
Bipartisan MJ Legalization Bill in PA House Comes as Separate Senate Proposal Gains Momentum
Licensing
Kentucky Launches Medical Cultivation Amid Legal Challenge
HYTN Secures Cannabis Drug License for Prescription Cannabinoid-Based Medicines in Canada
First New Jersey Marijuana Consumption Lounges Get Official Approval In ‘Major Milestone’
Markets
Aurora Cannabis earns EU-GMP certification for fourth marijuana facility
Ascend Wellness Launches Fully Refreshed e-Commerce Ecosystem
High Tide Closes on $30 Million Convertible Debt from Cronos Group Inc.
iAnthus Continues Florida Expansion With GrowHealthy Dispensary in Palm Harbor