CRB Monitor Database: Charting Growth
Tier 1A cannabis business records jumped by 124 the week of March 1, while Tier 1B records increased by 11, for a total 93,710 Tier 1 CRBs. Beneficial owner records grew by 105.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,790 1A CRBs + 4,920 1B CRBs = 93,710 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. Items marked with 
indicate links to licensed business profiles in the CRB Monitor database.
Adverse Media
Licensed DC Shop Owner Faces Tax Evasion Charges
DC authorities shutter 25 unlicensed marijuana stores during crackdown
Cannabis testing lab loses key ruling in dispute with Michigan regulators (subscription)
Litigation
Cashless ATM Lawsuit Hits Trulieve
Native Roots co-founder sues former marijuana business partner again
Planet 13 Recovers Additional $2.1 Million of Funds, $5 Million in Real Estate
Alabama appeals court clears way for medical marijuana licensing to resume, for now (subscription)
Legalization & Regulation
New York OCM Builds Unit to Tackle Market Cheaters
New Jersey governor proposes stiff marijuana tax hike, new hemp levy
Georgia Lawmakers Push to Expand State’s Medical Cannabis Program
Licensing
Adult-Use Licensing Delayed in Delaware
Mergers & Acquisitions
MariMed closes $11 million acquisition of Delaware marijuana company
MediPharm to sell British Columbia cannabis facility to Rubicon for $4.5M
Markets
Legal California cannabis production increases by double digits, report says
Green Thumb CEO has dire outlook on federal marijuana reform prospects
Marijuana finance company Safe Harbor modifies debt to increase cash flow
Ayr Wellness is selling 4 marijuana stores in Illinois
Fresh Karma Opens 4th Missouri Dispensary in Columbia
Jushi Holdings posts mixed 2024 results, launches expansion plan (subscription)
Cannabis producer Organigram closes final tranche of CA$124.6M funding
Cannabicity Opens NY Dispensary, Debuts Retail Advisory Service
The Cannabist Co. Achieves 70% Support For Agreement to Extend Senior Secured Notes
Michigan cannabis retailer looks to New Jersey amid price collapse (subscription)
TerrAscend plots to triple crowded New Jersey footprint (subscription)
International
Greek cannabis operator Curity Pharma secures cultivation license