CRB Monitor Database: Charting Growth
Active cannabis business licenses grew by 21 the week of July 5, but the pipeline for new licensees continues to shrink in both the approved/pending and pre-license categories. Total licenses are down by more than 10% from a year ago.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,827 1A CRBs + 4,989 1B CRBs = 94,816 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
The six-year saga of two cannabis facility licenses
Litigation
Kentucky medical marijuana companies sue, alleging program is unconstitutional
Cookies owes $8.4 million to partner on San Francisco cannabis store
Legalization & Regulation
Feds Accuse State-Licensed Marijuana Farm Of Employing Minors Following ICE Raid
California Senators Approve Bill To Pause Newly Enacted Marijuana Tax Hike For Five Years
Delaware to launch recreational cannabis sales on Aug. 1
Hawaii Governor Signs Bill Requiring Hemp Distributors And Retailers To Register With The State
Licensing
Public Access to Cannabis Licensing Info Improves
Applications for cannabis event organizer licenses in MN to open Aug. 1
Markets
Payroll, Benefits Plans Cause Regulatory Headaches
Auxly Cannabis reaches ‘turning point’ with closing of 2 transactions
FLUENT Opens Company’s 1st Adult-Use Dispensary in New York
Curaleaf Buys Out Minority Partner in Curaleaf International
Vireo Growth Refinances Senior Secured Debt Through $120M Loan