CRB Monitor Database: Charting Growth
Beneficial owners again saw the greatest growth through the week of June 7, adding 225 records. Tier 1A cannabis-related business records increased by 62. The rest of the data were relatively flat for the week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,576 1A CRBs + 4,949 1B CRBs = 94,525 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
Cannabis company 4Front Ventures files for bankruptcy in Canada
Litigation
Whistleblower suit against cannabis firm Metrc dismissed; related case continues
Capitol Hemp sues D.C. over hemp laws and challenges congressional ban
Legalization & Regulation
Missouri regulators to launch surprise cannabis product inspections
Maine won’t require medical cannabis to be tested for contaminants — this year
Mississippi Tribe Approves Marijuana Referendum, First Jurisdiction In the State Poised to Legalize
Nebraska Medical Cannabis Commission hosts first meeting ahead of major deadlines
Jessica García Confirmed by NY State Senate to Serve as Chair of the Cannabis Control Board
Licensing
Minnesota Lottery Chooses 249 Prospective Operators
US marijuana business licensing stable in early 2025
NJ Senate Committee Oks More Medical Dispensary Locations
Markets
Cannabis operator Village Farms regains Nasdaq compliance
Green Dragon to shut down Denver cannabis cultivation facility
US marijuana business licensing stable in early 2025