CRB Monitor Database: Charting Growth
For the second week in a row, active licenses continued to inch forward, adding 28 the week of May 31. Tier 1A cannabis-related business records grew by 46, and Tier 1B records increased by 22. Beneficial owners saw the greatest growth for the week with 327 new records, a 3.1% climb in the last six months.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 89,514 1A CRBs + 4,948 1B CRBs = 94,462 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
AYR Wellness Issued Cease Trade Order by Ontario Securities Commission
Legalization & Regulation
Florida recreational marijuana legalization campaign advances, but there’s a catch
Vermont rejects plan for sales at cannabis-specific special events
Texas poised to expand medical marijuana as hemp-THC ban looms
Licensing
Vireo Growth Closes $102 Million Acquisition of Proper Brands in Missouri
Illinois halts adult-use marijuana retail licensing to boost social equity
Mergers & Acquistions
Vireo Growth Closes $102 Million Acquisition of Proper Brands in Missouri
Budr acquires 3 Connecticut marijuana stores from The Botanist
Markets
A Possible Crypto Solution for Cannabis Sales
Village Farms divests produce business to focus on cannabis
TheraTrue Appoints Cannabis Industry Veteran Chris Ras as CEO
Belushi’s Farm Partners With Bloom, Brings Signature Strains to Ohio
The Goods THC Launches Connecticut Cannabis Cultivation Facility
FLUENT Expands Indoor Cultivation Footprint in Florida