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CRB Monitor | Weekly Update | May 18 - May 24, 2024
Published on May 29, 2024

CRB Monitor Database: Charting Growth

Total Tier 1 cannabis-related businesses grew by 83 to 81,865. Active licenses increased by 185, and approved/pending licenses also increased by 90. Beneficial owners climbed by 73 to 134,778.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 77,764 1A MRBs + 4,018 1B MRBs = 81,865 total


1A CRB-052724
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 - 052724
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

CBL - 052724
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.

Beneficial Owners Count

BOR - 052724
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

California-based marijuana delivery service Eaze faces foreclosure logo_color_markonly 20px


Federal Case Against CSA Straddles Between Lax Enforcement and Prohibition logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px
Tennessee companies allege police unlawfully seized $1 million in hemp
Wiz Khalifa Settles Suit Over Cannabis Venture logo_color_markonly 20px logo_color_markonly 20px
Vineyard Dispensary Sues Over Marijuana Transportation Rules logo_color_markonly 20px

Legalization & Regulation

New York Cannabis Chief Resigns After Criticism from Hochul
Maine regulators posted an overview of cannabis legislation enacted this session
NH Senate Passes Amended Marijuana Legalization Bill, Heads Back to House
U.S. House Committee Approves Farm Bill Amendment To Ban Most HDC Products
Marijuana testing oversight would enhance under bill that passed Pa. House
GOP Lawmakers Demand DEA Head Explain Why She Didn’t Sign Marijuana Rescheduling Proposal
State Suspends New Cannabis Biz Leases as Lawmakers Grill Hochul Nominee
Hemp and marijuana go to war
All military veterans are social equity applicants under new changes to MN cannabis law
Utah Regulators Issue Update on 2024 Medical Cannabis Laws
Hemp Consumer Products Act passes Illinois Senate
DEA Says ‘THCA Does Not Meet The Definition’ Of Legal Hemp

Licensing Related

A Syracuse health care agency got the area’s first legal cannabis license. It doesn’t plan to use it
Hemp shops concerned about DC law that would require them to get cannabis license
Ohio Medical Cannabis Businesses Can Soon Apply For Licenses To Sell Recreational Marijuana
New enforcement records reveal D.C. unlicensed cannabis shop locations


Cannabis tech company Agrify converts $13.8M in debt to equity to pacify Nasdaq logo_color_markonly 20px
Curaleaf Opens Miami North Biscayne Medical Cannabis Dispensary logo_color_markonly 20px
Green Horizons Opens Initial 100K Square Feet of Mega Cannabis Cultivation Facility in California

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