CRB Monitor Database: Charting Growth
After losing another 310 the week of Nov. 1, active cannabis licenses fell to 48,411, a level not seen since May 2022. And not much is waiting in the wings as approved/pending and pre-licenses gained only 12 combined. Still, total Tier 1 cannabis-related business records grew by 37, and beneficial owners increased by 64.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 94,013 1A CRBs + 5,079 1B CRBs = 99,092 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.
Litigation
Ware Hause Operator Sues Over CO Licensing Warning
Hemp Farmer Sues Connecticut Over Social Equity
Legalization & Regulation
Campaign to end Massachusetts cannabis legalization accused of dirty tricks
Oklahoma adult-use marijuana legalization bid fails
Omaha Tribe moves ahead with marijuana, accuses Nebraska AG of ‘retaliation’ in tobacco tax talks
California cannabis czar announces departure
Study: Colorado cannabis labs produce unreliable THC potency results
Legalizing Intoxicating Hemp Products Wasn’t A ‘Loophole,’ It Was Intentional
Licensing
Ohioans Favor Opening Dispensaries as Local Moratoriums Persist 2 Years After Legalization
Missouri DHSS targets predatory practices in cannabis licensing
Markets
Cannabis MSO Trulieve escapes ‘debt tsunami’ with $368 million payoff
Teamsters at Green Thumb Win Longest Successful Cannabis Strike in US
The Cannabist Co. Opens 7th Ohio Dispensary
Verano Partners With Raw Garden to Launch Branded Products in New Jersey