CRB Monitor Database: Charting Growth
Cannabis business owner records jumped by 275 the week of June 21. However, business licenses started to drop again. The loss of 165 active licenses led a decline of 196 across the board. Total Tier 1 CRB records grew by 53 for the week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,723 1A CRBs + 4,951 1B CRBs = 94,674 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
Judge tosses lawsuit against Nebraska's medical cannabis program
Legalization & Regulation
Arkansas Hemp THC Ban Resurrected by Circuit Court
California lawmakers fail to include cannabis tax relief in budget bill
Texas delivers potential major milestone for hemp, medical marijuana
Maine hikes marijuana tax 40%; consumption lounge bill stalls
Ohio lawmakers unlikely to change marijuana law before break
Licensing
Cannabis Licensing Stalls in the 1st Quarter as Markets Mature
Markets
Jones Soda sells marijuana beverage business for $3 million
Verano Unveils Bodega-Style Dispensary Experience at Zen Leaf Cave Creek in Phoenix
Ayr dismisses talk of Connecticut exit amid its other marijuana consolidations
Top Cannabis Brand Rove Launches in Maryland With Award-Winning Vapes
Trulieve Opening 162nd Florida Medical Cannabis Dispensary in Oakland Park
International
Tilray Medical Receives Italy’s 1st Authorization to Distribute Medical Cannabis Flower