CRB Monitor Database: Charting Growth
Active cannabis business licenses have dipped below the 50K mark this week to 49,663, a 3.8% drop from the previous year. Active licenses haven't been this low since the week of June 18, 2022, when there were 49,519, according to CRB Monitor data. Fortunately, there are 5,000 approved/pending licenses and 8,113 applications waiting in the wings.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,408 1A CRBs + 4,925 1B CRBs = 94,333 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
Marijuana operator 4Front files for receivership
Litigation
Appeals court ruling could help restart Alabama medical cannabis licensing
Legalization & Regulation
Illinois Searching for Bank Services
Nebraska medical cannabis regulation bill fails; licensing likely pushed to October
Minnesota OKs Native American tribe to sell adult-use marijuana off its reservation
Texas House passes near-total ban on hemp-derived THC
Rhode Island lawmakers ponder ban on hemp-derived THC beverages
Minnesota cannabis tax hike proposed ahead of adult-use sales launch
Markets
CRB Monitor Securities Update | April 2025
Goldflower Cannabis Opening 7th Florida Dispensary in Miami
Verano Opening 7th Connecticut Dispensary in Enfield
Curaleaf Plans to Expand Its Hemp Store Concept ‘Far and Wide’
MediPharm to Close $4.5 Million Cash Sale of Cannabis Facility to Rubicon Organics in June
Tribally owned cannabis stores have grown by 24% since May 2024