CRB Monitor Database: Charting Growth
An influx of new licensing data from New York caused our charts to climb to new heights. Tier 1A cannabis-related businesses jumped by 4,297 to 82,141. Pre-licenses more than doubled to 10,401. There was also an increase of 287 beneficial owners.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 82,141 1A MRBs + 4,017 1B MRBs = 86,158 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
California Recalls Two Flower Products for Aspergillus, Inaccurate Labeling
Acreage Holdings admits debt default amid falling revenues
Mass. investigation found the HCA between Uxbridge and Ironstone Express was altered
Litigation
Perennial Opponent to Resident Requirements Turns to Rhode Island
DC Judge questions Labor Board’s authorization over illegal business
Pa. Court Blocks State's Recall Over Cannabis Vape Additives
Goodness Growth seeks $860 million from Verano in failed marijuana acquisition
Trulieve Announces Litigation Settlement and Acquisition of Ohio Assets
Pot Co. Stiiizy Accused Of Marketing Unsafe High-THC Wares
Legalization & Regulation
Rescheduling Cannabis: Formal Rulemaking Process Can Drag On for Years
Rescheduling May Not Open Major Exchanges to Cannabis Companies
South Dakota Adult-Use Voter Initiative Approved for November Ballot
GOA Says DEA Process For Religious Psychedelics Use Needs Clearer Timelines And Standards
Edible hemp industry spared in Louisiana, though lawmakers add restrictions
Another Missouri Judge Approves Stacking City And County Marijuana Taxes
California regulators will no longer accept electronic checks from marijuana businesses
Minnesota regulators destroy $278,000 worth of raw cannabis flower ahead of legal retail sales
Massachusetts agencies clear up confusion about hemp-based seltzers and gummies
NH Marijuana Legalization Bill Heads to Conference After House Rejects Senate Amendments
CO Marijuana Enforcement Division investigating reports of hemp-derived THC coming into the state
Marijuana And Hemp Businesses At Odds Over Consumable Cannabinoid Ban In House Farm Bill
DeSantis Plans to Veto Florida Hemp Ban in Hopes Industry Will Help Defeat Marijuana Legalization
Rhode Island governor names Oklahoma medical marijuana regulator to lead new cannabis office
Recreational marijuana rules go into effect in Ohio
DE Governor Signs Bill to Let Doctors Recommend Medical Marijuana for Any Condition
Licensing Related
Ohio Officials Will Begin Accepting Recreational Marijuana Sales Applications This Week
Florida marijuana licenses overdue as adult-use vote looms
More than one-third of adults in Minnesota may qualify for social equity cannabis licenses
Ohio Medical Cannabis Businesses Can Soon Apply For Licenses To Sell Recreational Marijuana
Lawmakers OK transfer of Louisiana’s 2 cannabis grow permits to private entities
Mergers & Acquisitions
Cannabis operators Cansortium and RIV Capital are merging
Markets
Marijuana workers unionize in Denver, Las Vegas and Maryland
California Estimates $649M in cannabis tax revenue for 2023-24
Cannabis Workers in New Jersey Ratify a First Union Contract
Agrify Corporation Regains Compliance with Nasdaq Stockholders’ Equity Requirement
Organigram Signs Three Year Supply Agreement with Avida Medical in UK
Moja Life Set to Open as Trenton’s 1st Adult-Use Dispensary
International
Senate report rejects proposed laws to legalise recreational cannabis use in Australia
‘Huge Milestone’ as Japan Moves Ahead With Cannabis Reform
Nepal to formulate law for commercial cultivation of marijuana for medicinal purposes
South African President Signs Marijuana Legalization Bill Into Law