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CRB Monitor | Weekly Update | May 4 - May 10, 2024
Published on May 17, 2024

CRB Monitor Database: Charting Growth

Active business licenses continued their drop with 222 fewer than the week before. But approved/pending licenses grew by 104. Tier 1A cannabis-related businesses also increased by 67.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 77,610 1A MRBs + 4,018 1B MRBs = 81,628 total


1A CRB-051624
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-051624
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. 

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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

OK Suspends 9 Businesses Following Seizures of Untagged Pot logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px
High Times Assets Slated for Receivership Auction logo_color_markonly 20px
California Regulators Recall Cali Kosher Flower for Mislabeled THC logo_color_markonly 20px
LA Cannabis Co. Owes $216K In Taxes, City Says logo_color_markonly 20px
Canndescent California Pre-Rolls Subject to Mandatory Recall Due to Mislabeling logo_color_markonly 20px


Divided Supreme Court rules no quick hearing required when police seize property logo_color_markonly 20px
4th Circ. Mulls Scope Of Farm Bill In Virginia Hemp Fight
Minnesota home growers file suit seeking to sell their marijuana without a license

Legalization & Regulation

Hochul orders shakeup for New York cannabis regulators after scathing report
DEA chief dodges marijuana rescheduling questions from Congress
CANNRA Launches New Public Resource on Regulating Cannabinoids for Safety
New Mexico regulators filed revised marijuana rules
Sweeping Cannabis/Hemp Bill Passed by CT Senate, Heads to Governor’s Desk
NY Lawmakers Demand Scrutiny Of Marijuana Contract With Chicago-Based Private Equity Firm logo_color_markonly 20px
Colorado Legislature Gives Final Approval of Bill to Streamline Marijuana Regulations
Where All 100 US Senators Stand on SAFER Banking Act
Congressional Researchers Say It’s ‘Likely’ Marijuana Will Be Rescheduled
Democratic Congressman Lays Out New Marijuana Agenda To Reflect Renewed ‘Optimism’
IRS Commissioner: Marijuana Banking Bill Would Increase ‘Integrity And Quality Control’ 
Delaware releases proposed regulations for adult-use marijuana sales
Florida Republicans officially oppose adult-use cannabis legalization

Licensing Related

First Quarter 2024 CRB Licensing Activity Review

Mergers & Acquisitions

Canopy USA exercises options to acquire Jetty, Wana marijuana companies logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px


Tilt Holdings cannabis affiliate in Pennsylvania secures $10.5 million loan logo_color_markonly 20px
Marijuana industry labor relations are reaching a crossroads
Entity Led by Tilray CEO Co-Sponsors SPAC logo_color_markonly 20px
MPP Report: States Have Collected Over $20B In Marijuana Tax Revenue Since First Markets Opened
Marijuana REIT NewLake invests $16M in C3 Industries cultivation operation logo_color_markonly 20px logo_color_markonly 20px
Cannabist Co. marijuana workers in Los Angeles join Teamsters union logo_color_markonly 20px
Bidders circling with assets of marijuana brand High Times in receivership


Cannabis shops to be closed by April 2025 under order given by PM to again schedule the drug
Ontario to allow exclusive cannabis products at farm-gate stores

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