---
title: CRB Monitor | Weekly Update | July 6 - July 12, 2024
description: Highlighting growth of Tier 1A and 1B CRBs (cannabis-related businesses), cannabis business licenses and beneficial owners, with industry news to note.
image: https://www.crbmonitor.com/hubfs/1A%20CRB-071524.png
---
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# RESOURCES | Data Updates | Regulatory
CRB Monitor | Weekly Update | July 6 - July 12, 2024
##### Published on July 17, 2024
### CRB Monitor Database: Charting Growth
#### Active business licenses ended their weeks-long slump by adding 87 the week of July 6 for a total 51,318. Approved/Pending licenses were also up by 50, while pre-licenses fell by 33. Tier 1A cannabis-related businesses gained 88.
#### Tier 1 Cannabis-Related Business Counts
Weekly Summary: 83,494 1A CRBs + 4,044 1B CRBs = 87,538 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.
*
[Schedule Demo to See Full Database > ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLJD1yIF1IrCC2%2B2U0eNWdHj6Sn9vXOR%2FbensQH28M8tEuLHksMU8Vi2EfB5Iij5cm8TYEvDap1UvVsxxnrsM7e8Qun%2BCHYY8f5zRaS%2FZssISKgwXZpl4fSQ5%2F8%2BP0HO4q%2F%2B4c8HWm9fTboTa%2BXBCqbwZ3NxsEvKa6gzqh2KX%2BBBAYg8a0tSzFGlpsZec0b6yMlxb6ymGT%2FjkmT49lwU9Mcwsw%3D%3D&portalId=6526999)
## Cannabis News of Note
*A selection of relevant cannabis-related news*. *Items marked with  indicate links to licensed business profiles in the CRB Monitor database.*
#### Adverse Media
[Voluntary Recall in Arizona for Nature’s Wonder Extract for Possible Pesticide](https://www.azdhs.gov/documents/policy-intergovernmental-affairs/public-information/news-releases/news-release-for-recall-7-10-24.pdf) [](https://app.crbmonitor.com/businesses/1056)
[Michigan regulators publish monthly report on disciplinary actions against marijuana businesses](https://marijuanamoment.us14.list-manage.com/track/click?u=2b103be7b5d7ad4abd40bfebc&id=1e06027bf5&e=581ba6a5a9)
#### Litigation
[Cheech And Chong's Co. Hits Colo. Cannabis Cos. With IP Suit](https://www.law360.com/cannabis/articles/1856804) [](https://app.crbmonitor.com/businesses/60559) [](https://app.crbmonitor.com/businesses/4971)
[Iowa Blasts Beverage Makers' Challenge To New Hemp Law](https://www.law360.com/cannabis/articles/1856410) [Wyoming Officials Urge Court Not To Block New Hemp Law](https://www.law360.com/cannabis/articles/1856876)
[DC Circuit Court Dings NLRB's Analysis In Pot Co.'s Certification Fight](https://www.law360.com/cannabis/articles/1856497) [](https://app.crbmonitor.com/businesses/562)
#### Legalization & Regulation
[MJ-Related SARs Hit Highest Level in First Quarter](https://news.crbmonitor.com/2024/07/mj-related-sars-hit-highest-level-in-first-quarter/)
[D.C. Cracks Down While Trying to Legitimize Cannabis Gifting Businesses](https://news.crbmonitor.com/2024/07/d-c-cracks-down-while-trying-to-legitimize-cannabis-gifting-businesses/)
[Hemp execs pledge millions to Republican Party of Florida, texts reveal](https://www.cbsnews.com/miami/news/hemp-execs-pledge-millions-to-republican-party-of-florida-texts-reveal/?utm_source=www.cultivated.news&utm_medium=newsletter&utm_campaign=desantis-and-hemp-officially-join-forces)
[Pennsylvania Governor Signs Budget Bill With 280E Tax Relief For Medical Cannabis Industry](https://www.marijuanamoment.net/pennsylvania-governor-signs-budget-bill-excluding-marijuana-legalization-provision-he-requested-but-with-280e-tax-relief-for-industry/)
[Kentucky regulator provides update on state medical cannabis efforts](https://www.messenger-inquirer.com/news/local/lewis-provides-update-on-state-medical-cannabis-efforts/article_eb5b3030-5f42-57a5-a100-e592d57ec64b.html)
[GOP-Led Congressional Committee Approves Bill To Ban Most Consumable Hemp Products](https://www.marijuanamoment.net/gop-led-congressional-committee-approves-bill-to-ban-most-consumable-hemp-products-such-as-delta-8-thc/)
[3 red states submit signatures to get marijuana initiatives on November ballots](https://mjbizdaily.com/arkansas-nebraska-north-dakota-submit-signatures-for-marijuana-ballot-initiatives/)
[GOP Committee Approves Bill To Block Marijuana Rescheduling](https://www.marijuanamoment.net/gop-congressional-committee-approves-bill-to-block-marijuana-rescheduling-while-rejecting-state-cannabis-protections-amendment/)
[Slow burn — Ohio recreational marijuana dispensaries on way to sales](https://ohiocapitaljournal.com/2024/07/08/slow-burn-ohio-recreational-marijuana-dispensaries-on-way-to-sales/)
[Unknown compounds found in marijuana testing samples, lab owners say](https://mjbizdaily.com/unknown-compounds-found-in-cannabis-testing-samples-lab-owners-say/)
#### Licensing Related
[Arkansas State Politicians Chime in on Dispensary Relocation Request](https://arktimes.com/arkansas-blog/2024/07/10/marijuana-commission-to-consider-jacksonville-dispensary-move-in-august) [](https://app.crbmonitor.com/individuals/115570)
[Minnesota to open social equity business license pre-approval window on July 24](https://content.govdelivery.com/accounts/MNOCM/bulletins/3a78be5)
[Delaware to allow medical marijuana operators to pivot to adult use for $200K](https://mjbizdaily.com/delaware-to-allow-medical-marijuana-operators-to-pivot-to-adult-use-for-200k/)
[Alabama Medical Marijuana Regulators Discuss Challenges, Updates To New Licensing Rules](https://www.marijuanamoment.net/alabama-medical-marijuana-regulators-discuss-challenges-updates-to-new-licensing-rules/)
[Kentucky’s hoped-for medical marijuana green rush more of a trickle](https://www.greenmarketreport.com/kentuckys-hoped-for-medical-marijuana-green-rush-more-of-a-trickle/?utm_source=www.cultivated.news&utm_medium=newsletter&utm_campaign=federal-prohibition-deportations)
#### Markets
[Cresco Labs Inc. shareholders elected board of directors members](https://marijuanamoment.us14.list-manage.com/track/click?u=2b103be7b5d7ad4abd40bfebc&id=4d27544701&e=581ba6a5a9) [](https://app.crbmonitor.com/businesses/15207)
[IM Cannabis Shares Commence Trading on 6:1 Consolidated Basis](https://www.prnewswire.com/news-releases/im-cannabis-shares-commence-trading-on-61-consolidated-basis-302194984.html) [](https://app.crbmonitor.com/businesses/26410)
[Indiva’s Court-Approved Sale Process Begins, SNDL’s Stalking Horse Financing Approved](https://www.businesswire.com/news/home/20240708567547/en/) [](https://app.crbmonitor.com/businesses/26418) [](https://app.crbmonitor.com/businesses/1712)
[Federal Report Looks at Improving Testing to Detect Cannabinoids, Toxins and Moisture](https://www.marijuanamoment.net/federal-report-looks-at-improving-marijuana-and-hemp-testing-to-detect-cannabinoids-toxic-elements-and-moisture/)
[Cannabis tech provider Lucid Green raises $1.4 million for expansion](https://mjbizdaily.com/cannabis-tech-provider-lucid-green-raises-1-4-million-for-expansion/)
[Trulieve Opening Affiliated Medical Cannabis Dispensary in Pennsylvania](https://www.cannabisbusinesstimes.com/news/trulieve-new-dispensary-opening-medical-cannabis-pennsylvania-where-buy/) [](https://app.crbmonitor.com/businesses/511)
[Ascend Wellness Holdings, Inc. received commitments for a $25M private placement](https://www.prnewswire.com/news-releases/ascend-wellness-holdings-signs-definitive-agreements-to-issue-235-million-of-senior-secured-notes-302196333.html) [](https://app.crbmonitor.com/businesses/13127)
[Snoop Dogg Launches His First Dispensary and Line Of Cannabis Products Honoring 2Pac](https://www.marijuanamoment.net/snoop-dogg-launches-his-first-marijuana-dispensary-along-with-new-line-of-cannabis-products-honoring-2pac/)
#### International
[Czech Republic Will Pursue Full Adult-Use Commercial Cannabis Market](https://businessofcannabis.com/czech-republic-will-pursue-full-adult-use-commercial-cannabis-market-leaked-documents-suggest/)
[First findings from Swiss cannabis pilot show shift towards safer consumption methods](https://cannabishealthnews.co.uk/2024/07/10/first-findings-from-swiss-cannabis-pilot-show-shift-towards-safer-consumption-methods/)
[Canadian hemp license numbers decline for third straight year](https://mjbizdaily.com/canadian-hemp-license-numbers-decline-for-third-straight-year/)
[Can Germany avoid overproduction as new marijuana markets ramp up?](https://mjbizdaily.com/can-germany-avoid-overproduction-in-recreational-cannabis-market/)
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