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 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
OK Suspends 9 Businesses Following Seizures of Untagged Pot
High Times Assets Slated for Receivership Auction
California Regulators Recall Cali Kosher Flower for Mislabeled THC
LA Cannabis Co. Owes $216K In Taxes, City Says
Canndescent California Pre-Rolls Subject to Mandatory Recall Due to Mislabeling
Litigation
Divided Supreme Court rules no quick hearing required when police seize property
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
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
Markets
Tilt Holdings cannabis affiliate in Pennsylvania secures $10.5 million loan
Marijuana industry labor relations are reaching a crossroads
Entity Led by Tilray CEO Co-Sponsors SPAC
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
Cannabist Co. marijuana workers in Los Angeles join Teamsters union
Bidders circling with assets of marijuana brand High Times in receivership
International
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