---
title: CRB Monitor | Weekly Update | March 15 - March 21, 2025
description: Highlighting growth of Tier 1A and 1B CRBs (cannabis-related businesses), cannabis business licenses and beneficial owners, with industry news to note.
image: https://www.crbmonitor.com/hubfs/1A%20CRB-032525.png
---
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# RESOURCES | Data Updates | Regulatory
CRB Monitor | Weekly Update | March 15 - March 21, 2025
##### Published on March 26, 2025
### CRB Monitor Database: Charting Growth
#### Beneficial owner records increased by 363 during the week of March 15. There are 10,258 more owner records than a year ago, a jump of 7.7%. Total Tier 1 cannabis business records grew by 81 for the week.
#### Tier 1 Cannabis-Related Business Counts
Weekly Summary: 88,882 1A CRBs + 4,929 1B CRBs = 93,811 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.
*
[Schedule Demo to See Full Database > ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLJD1yIF1IrCC2%2B2U0eNWdHj6Sn9vXOR%2FbensQH28M8tEuLHksMU8Vi2EfB5Iij5cm8TYEvDap1UvVsxxnrsM7e8Qun%2BCHYY8f5zRaS%2FZssISKgwXZpl4fSQ5%2F8%2BP0HO4q%2F%2B4c8HWm9fTboTa%2BXBCqbwZ3NxsEvKa6gzqh2KX%2BBBAYg8a0tSzFGlpsZec0b6yMlxb6ymGT%2FjkmT49lwU9Mcwsw%3D%3D&portalId=6526999)
## 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
[Cannabis vape maker Blinc Group files for bankruptcy](https://mjbizdaily.com/cannabis-vape-maker-blinc-group-files-for-bankruptcy/)
#### Litigation
[Spurned Illinois social equity backer sues partner](https://www.greenmarketreport.com/spurned-illinois-social-equity-backer-sues-partner/)
[Marijuana MSO Planet 13 recovers $2.1M more from former bank alternative](https://mjbizdaily.com/marijuana-mso-planet-13-recovers-more-cash-from-el-capitan-advisors/) [](https://app.crbmonitor.com/businesses/12512)
#### Legalization & Regulation
[North Carolina lawmaker introduces adult-use cannabis legalization bill](https://mjbizdaily.com/north-carolina-lawmaker-introduces-adult-use-cannabis-legalization-bill/)
[Marijuana pre-rolls in New Jersey contain yeast, mold and bacteria, study shows](https://mjbizdaily.com/new-jersey-study-marijuana-pre-rolls-jersey-contain-yeast-mold-bacteria/)
[Trulieve, Cresco lobbying Pennsylvania to legalize adult-use marijuana, report says](https://mjbizdaily.com/trulieve-cresco-lobbying-pennsylvania-to-legalize-adult-use-marijuana/) [](https://app.crbmonitor.com/businesses/511) [](https://app.crbmonitor.com/businesses/15207)
[Georgia lawmakers serve up options for cannabis legislation (subscription)](https://www.greenmarketreport.com/georgia-lawmakers-serve-up-options-for-cannabis-legislation/)
#### Licensing
[NY Provisional Licensees Get 6-Month Extension](https://news.crbmonitor.com/2025/03/ny-provisional-licensees-get-6-month-extension/)
[MA Extends Social Equity Delivery Exclusivity](https://news.crbmonitor.com/2025/03/ma-extends-social-equity-delivery-exclusivity/)
[Minnesota extends cannabis license application deadline after system outage](https://mjbizdaily.com/minnesota-extends-cannabis-license-application-deadline-after-system-outage/)
#### Mergers & Acquisitions
[Willow Biosciences to sell operating subsidiary for $3.38M (subscription)](https://www.greenmarketreport.com/willow-biosciences-to-sell-operating-subsidiary-for-3-38m/) [](https://app.crbmonitor.com/businesses/26940)
#### Markets
[Bright Green Exits Cannabis Business](https://news.crbmonitor.com/2025/03/bright-green-exits-cannabis-business/) [](https://app.crbmonitor.com/businesses/52351)
[Maryland’s CULTA CEO Allison Seigel steps down (subscription)](https://www.greenmarketreport.com/marylands-culta-ceo-allison-seigel-steps-down/) [](https://app.crbmonitor.com/businesses/12757)
[New CEO aims to transform Safe Harbor from cannabis lending to fintech](https://app.crbmonitor.com/businesses/32072) [](https://app.crbmonitor.com/businesses/26414)
[Michigan recreational marijuana prices plunge 30% from 2024](https://mjbizdaily.com/michigan-recreational-marijuana-prices-plunge-30-from-2024/)
[DeFloria Achieves Ground-Breaking Milestone in Botanical Drug Development](https://www.cannabisbusinesstimes.com/top-stories/news/15740109/defloria-achieves-groundbreaking-milestone-in-botanical-drug-development) [](https://app.crbmonitor.com/businesses/84351)
[Aurora Cannabis Announces Breakthrough Discovery of Powdery Mildew Resistant Cultivars](https://www.cannabisbusinesstimes.com/disease/cannabis-diseases/news/15740851/aurora-cannabis-announces-breakthrough-discovery-of-powdery-mildew-resistant-cultivars) [](https://app.crbmonitor.com/businesses/12227)
[New York launches $5M grant program for cannabis social equity retailers](https://mjbizdaily.com/new-york-grant-program-for-cannabis-social-equity-retailers/)
[BC Bud officially leaves cannabis for crypto (subscription)](https://www.greenmarketreport.com/bc-bud-officially-leaves-cannabis-for-crypto/) [](https://app.crbmonitor.com/businesses/57272)
[Poseidon invests $1 million in another New Jersey cannabis retailer](https://mjbizdaily.com/poseidon-invests-1-million-in-another-new-jersey-cannabis-retailer/) [](https://app.crbmonitor.com/businesses/100447)
#### International
[Canadian cannabis companies look overseas as domestic market saturates](https://mjbizdaily.com/canadian-cannabis-operators-exporting-in-saturated-domestic-market/)
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