CRB Monitor Database: Charting Growth
Cannabis business records ran par for the course the week of June 14. Tier 1A CRBs grew by 95, and beneficial owner records increased by 174. But cannabis business licensing fell slightly across the board: 54 for active licenses, 29 for approved/pending, and five for pre-licenses/applications.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,671 1A CRBs + 4,950 1B CRBs = 94,621 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.
Litigation
Federal Court Shuts Down Covid-Era Tax Credit for Cannabis
Cookies wins $22.7 million from retail cannabis partner in arbitration
Legalization & Regulation
Texas Governor Vetoes Hemp-Derived THC Ban
Ohio adult-use cannabis changes stall amid political dissension
Maine is pushing medical cannabis testing to next year
Licensing
Minnesota issues first adult-use marijuana license to a cultivator
Lab licensing spurs hopes that Alabama marijuana logjam will end
Markets
CRB Monitor Securities Update | May 2025
Aurora Cannabis denies reports it acquired another operator
Vireo Growth Provides Corporate Update After Closing All Merger Transactions
Marijuana brand High Times to return after $3.5 million acquisition
California DCC Announces $30M in Grant Funding to Advance Cannabis Research
Sunset Social Club Opens Hollywood’s 1st Luxury Cannabis Lounge
Curaleaf Appoints New President, Bolsters Marketing Leadership Team
Terrabis Opening 5th Illinois Dispensary in Mundelein
Jungle Boys Opening 1st Arizona Dispensary in Phoenix