CRB Monitor Database: Charting Growth
Tier 1A cannabis-business records grew by 86 in the last week, while beneficial owner records climbed by 78. Meanwhile, active licenses fell by 48, and approved/pending licenses dropped by 29.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,355 1A CRBs + 4,924 1B CRBs = 94,279 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 retailer Curaleaf recalls medical marijuana product over yeast, mold levels
District of Columbia cannabis dispensary founder pleads guilty to tax evasion
Litigation
Federal suit filed against Alabama Medical Cannabis commissioners
Florida Marijuana Legalization Campaign Joins Lawsuit Against New Ballot Initiative Restrictions
Missouri’s High Court Takes Up Dispute On Local Marijuana Sales Tax Stacking
Legalization & Regulation
Maryland Approves Cannabis Business Employee Ownership
PA Senate Committee Rejects State-Run Dispensaries
Licensing
Software glitch cancels thousands of medical marijuana business licenses, OMMA says
Markets
MSO TerrAscend acquires marijuana stores in Ohio, New Jersey
HoneyStash Opens New Jersey Cannabis Dispensary in Metuchen
Glass House Brands, LEEF Enter MSA for The Leaf El Paseo Dispensary
Trulieve-Branded Cannabis Dispensary Opening in Ohio
Total marijuana sales in Missouri up nearly 5% from April 2024
International
Curaleaf International Launches Medical Cannabis Products in Australia