CRB Monitor Database: Charting Growth
Total Tier 1 cannabis-related business records increased by just 32 the week of July 26, 2025, and beneficial owners jumped by 124. Licensing continued its slide, losing a total 168, but at least an additional 38 approved/pending licenses wait in the wings.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,265 1A CRBs + 5,008 1B CRBs = 98,273 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
D.C. Operator Pleads Guilty to $1.2M Tax Evasion
Fake Cannabis Licenses Sold to Roughly 70 Businesses in Connecticut
Shutdown Possible For Cannabis Seller After $4.9M Fine (subscription required)
Litigation
Marijuana Testing Laboratories Sue Equipment Maker Alleging Fraud
$32M Verdict Holds Up In Curaleaf Pot Farm Dispute (subscriptions required)
Legalization & Regulation
TX, CA Continue Push to Ban Intoxicating Hemp
Delaware Recreational Marijuana Sales Start Friday As Medical Cannabis Operators Open Stores
Oklahoma Adult-Use Marijuana Legalization Campaign Launches Next Week
Texas Lawmaker Introduces Longshot Marijuana Legalization Proposal
Licensing
Grön Acquires New York Cannabis License
New York Cannabis Regulators Messed Up Dispensary Location Guidance; 152 Stores Impacted
Markets
A Big MSO Gets Wiped Out
Canopy Growth Agrees To Make 3 Prepayments To Reduce Term Loan by $50 Million
AYR Wellness Further Extends Limited Waiver Agreement With Senior Noteholders