--- title: CRB Monitor | Weekly Update | November 2 - November 8, 2024 description: Highlighting growth of Tier 1A and 1B CRBs (cannabis-related businesses), cannabis business licenses and beneficial owners, with industry news to note. image: https://www.crbmonitor.com/hubfs/1A%20CRB-111124.png --- [![CRB Monitor](https://www.crbmonitor.com/hubfs/Crbmonitor%20-%20December2019/Images/logo.svg "CRB Monitor")](https://www.crbmonitor.com/) Close ## Request More Info We'd love to hear from you! Let us know how we can help. # RESOURCES | Data Updates | Regulatory CRB Monitor | Weekly Update | November 2 - November 8, 2024 ##### Published on November 13, 2024 ### CRB Monitor Database: Charting Growth #### Tier 1B cannabis-related businesses, which are companies that have a financial or controlling interest in plant-touching Tier 1A businesses, jumped by 120 the week of Nov. 2. With a small slip of 27 Tier 1A businesses, total Tier 1 companies increased to 90,599. The total is a 3% increase from last quarter and 14% increase from last year. #### Tier 1 Cannabis-Related Business Counts Weekly Summary: 86,160 1A CRBs + 4,439 1B CRBs = 90,599 total ### 1A CRBs *![1A CRB-111124](https://www.crbmonitor.com/hs-fs/hubfs/1A%20CRB-111124.png?width=468&height=281&name=1A%20CRB-111124.png) 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-111124](https://www.crbmonitor.com/hs-fs/hubfs/1B%20CRB-111124.png?width=468&height=279&name=1B%20CRB-111124.png) 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 *![CBL-111124](https://www.crbmonitor.com/hs-fs/hubfs/CBL-111124.png?width=468&height=305&name=CBL-111124.png) Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.* ### Beneficial Owners Count *![BOR-111124](https://www.crbmonitor.com/hs-fs/hubfs/BOR-111124.png?width=468&height=292&name=BOR-111124.png) 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.  * [Schedule Demo to See Full Database > ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLJD1yIF1IrCC2%2B2U0eNWdHj6Sn9vXOR%2FbensQH28M8tEuLHksMU8Vi2EfB5Iij5cm8TYEvDap1UvVsxxnrsM7e8Qun%2BCHYY8f5zRaS%2FZssISKgwXZpl4fSQ5%2F8%2BP0HO4q%2F%2B4c8HWm9fTboTa%2BXBCqbwZ3NxsEvKa6gzqh2KX%2BBBAYg8a0tSzFGlpsZec0b6yMlxb6ymGT%2FjkmT49lwU9Mcwsw%3D%3D&portalId=6526999) ## Cannabis News of Note *A selection of relevant cannabis-related news*. *Items marked with ![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png) indicate links to licensed business profiles in the CRB Monitor database.* #### Adverse Media [Testing Lab Crackdowns Not Just Confined to California](https://news.crbmonitor.com/2024/11/testing-lab-crackdowns-not-just-confined-to-california/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/36586) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/8360) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/73428) [Maine cannabis regulators issue third product recall since September](https://www.greenmarketreport.com/maine-cannabis-regulators-issue-third-product-recall-since-september/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/72125) #### Litigation [Ex-Curaleaf exec’s suit charges cannabis MSO with harassment, racist comments](https://mjbizdaily.com/ex-curaleaf-execs-suit-charges-cannabis-mso-with-harassment-racist-comments/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/562) #### Legalization & Regulation [Voters Reject Adult Use in Florida, the Dakotas](https://news.crbmonitor.com/2024/11/voters-reject-adult-use-in-florida-the-dakotas/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/511) #### Licensing [Time Is Running Short for CA License Conversions](https://news.crbmonitor.com/2024/11/time-is-running-short-for-ca-license-conversions/) #### Mergers & Acquisitions [Nevada marijuana operator Deep Roots Harvest acquires The Source](https://mjbizdaily.com/nevada-marijuana-operator-deep-roots-harvest-acquires-the-source/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/8375) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/8410) #### Markets [Slang Worldwide the latest big name cannabis company to collapse](https://www.greenmarketreport.com/slang-worldwide-the-latest-big-name-cannabis-company-to-collapse/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/13989) [Marijuana company Agrify gets $20M from Green Thumb, shakes up C-suite](https://mjbizdaily.com/marijuana-firm-agrify-gets-20m-from-green-thumb-shakes-up-c-suite/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/48500) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/201) [Dispensary Challenges and Rewards: NJ Leaf, Gynsyng, and Conservatory Cannabis Co.](https://headynj.com/breaking/local-south-jersey-dispensaries/') [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/96383) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/71926) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/82039) ### Most Popular ### Subscribe For Updates ## 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