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CRB Monitor | Weekly Update | June 8 - June 14, 2024
Published on June 19, 2024

CRB Monitor Database: Charting Growth

Licensing data stayed fairly static with Tier 1A cannabis-related businesses growing by only 32, and active cannabis business licenses dropping by six. Only ownership climbed with 119 more beneficial ownership records.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 82,205 1A CRBs + 4,016 1B CRBs = 86,221 total


1A CRB-061824
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 

1B CRB-061824
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. 

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Cannabis News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px indicate links to licensed business profiles in the CRB Monitor database.

Adverse Media

Former Massachusetts Town Official Arrested for Cannabis Investor Fraud logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px
Michigan Suspends Meds Cafe’s License Among Other Disciplinary Actions logo_color_markonly 20px
Trulieve fined $350K over Massachusetts cannabis worker’s death logo_color_markonly 20px
California Recalls Flower Distributed by Shield Management Group logo_color_markonly 20px
Mold scandal in Massachusetts leads to $200,000 fine for marijuana MSO logo_color_markonly 20px
Arkansas ABC upholds revocation of Hot Springs medical marijuana dispensary’s license logo_color_markonly 20px


Hemp Co. Sues SD Gov. Over New Cannabinoid Law logo_color_markonly 20px
NYC Sued Over Policy Targeting Unlicensed Pot Stores
Massachusetts Pot Shop To Take Union Fight To 1st Circuit Court logo_color_markonly 20px
NM Pot Store Chain Unlawfully Keeps Tips, Budtenders Say logo_color_markonly 20px
Texas Judge Rejects Attorney General’s Challenge to Austin Decriminalization Law
$100 million award restored in Colorado marijuana retail chain dispute logo_color_markonly 20px

Legalization & Regulation

If Cannabis is Rescheduled, 280E Tax Savings Could Take Effect Immediately
California Lost $259K in 2023 Tax Revenue Because of Medical Cannabis Donations
Mass. Cannabis Commission board strips acting executive director of day-to-day oversight
New Hampshire Medical Marijuana Expansion Bills Head To Governor’s Desk
House Committee Votes to Continue Blocking D.C. from Legalizing Marijuana Sales
Do medical marijuana companies need to comply with HIPAA?
Stalled marijuana tax reform bill in Alaska elicits mixed reaction from industry
Congressional Committee Strips Marijuana Banking Protections From Key Spending Bill
New Hampshire House Tables Marijuana Legalization Bill That Passed Senate
The DEA is promoting an op-ed by the head of prohibitionist organization SAM
Congressional Committee Pushes Federal Agencies To Study State Marijuana Laws
Vermont Governor Allows Bill for Cannabis, Hemp Regulatory Changes to Become Law
Senate Ag Committee Republicans Make No Mention of Hemp Reform in Draft Farm Bill

Licensing Related

Massachusetts CCC Seeks Solution to Island Supply Dilemma logo_color_markonly 20px logo_color_markonly 20px
Maryland to Hold Cannabis Licensing Lotteries for Two Counties Following Lawsuit Settlements
Ohio Cannabis Regulators Have Received Over 200 Applications to Convert to Dual-Use
State fee is going up for South Dakota medical cannabis sites
State Cannabis Officials Repeatedly Raised Alarms Over Private Equity Loan Deal, Emails Show


The Cannabist Company Announces Corporate Restructuring and Upcoming Florida Divestitures logo_color_markonly 20px
Curaleaf Holdings, Inc. shareholders elected board of directors members logo_color_markonly 20px
Verano Announces Share Repurchase Authorization logo_color_markonly 20px
Marijuana REIT buys Florida property for $13 million in leaseback deal with Ayr logo_color_markonly 20px logo_color_markonly 20px
Metrc Announces First-Ever Track-And-Trace Contract with a Tribal Government
Anson Funds to pay $2.25 million for secret short seller relationship logo_color_markonly 20px logo_color_markonly 20px


Dutch regulated marijuana trial expands

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