CRB Monitor Database: Charting Growth
Total Tier 1 cannabis-related business records increased by 87 the week of July 19, 2025. But after jumping up to 49,520 last week, active business licenses plummeted by 135 to their lowest level since June 2022. Approved/pending licenses also dropped. Fortunately, 11,234 applications wait in the wings.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,244 1A CRBs + 4,997 1B CRBs = 98,241 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
Missouri Revokes Manufacturer’s License After Massive Recall
New York marijuana testing lab at center of recall quietly exited industry
Legalization & Regulation
1,000-Foot School Enforcement In House Appropriations Bill
Marijuana Would Be Legalized in Texas Under Bill Filed for Special Legislative Session
Montana looks to combine alcohol, marijuana oversight in single division
New Congressional Bill Would Allow Interstate Marijuana Shipping By USPS
Licensing
R.I. cannabis regulators put pause on new hemp retailer licenses
Markets
CRB Monitor Securities Update | June 2025
Cannabis MSO Cresco Labs exiting California
Bud & Mary's pioneers cannabis research for a healthier future
Cannabis culture hits a high note using music as a marketing tool
LEEF Brands Announces CAD $1 Million Private Placement
Khalifa Kush Launches in Ohio Through Exclusive Partnership