CRB Monitor Database: Charting Growth
Beneficial owner records grew another 78 the week of Nov. 22, while cannabis-related business records increased by 42. However, cannabis business licenses continued their decline, falling another 146 total for the week to 62,751.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 94,142 1A CRBs + 5,088 1B CRBs = 99,188 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
Jury Awards Cannabis Consultant $3M in Damages Related to Accident at St. Louis Facility
Oklahoma Recalls Vice Capital Extraction Products for Testing Failures
Colorado Recalls Karing Kind Vapes for Pesticides
California Recall for CLSICS Edibles for Packaging Violations
Legalization & Regulation
Amid fraud claims, campaign to end Mass. adult-use cannabis claims win
FL Democratic Party Chair Slams Congress Over Federal Hemp Ban, Says State Will Legalize MJ
Ohio Hemp and Cannabis Bill Would Outlaw Possession of Out-of-State Products
New York Medical Cannabis Expansions Allow Out-of-State Patient Access, Home Grows
Massachusetts Cannabis Business Association Urges Voters to Withdraw Signatures
Calif. Gov. Newsom appoints new director of Department of Cannabis Control
Congressional Lawmakers Say Marijuana Banking Bill Is ‘On The Back Burner’
Fla. Pot Legalization Campaign Will Not Appeal Court Order
GOP-Controlled Senate Committee Warns DC of ‘Enhanced Penalties’ for Sales Near Schools
Litigation
Supreme Court Schedules Closed-Door Meeting to Discuss Federal Prohibition Lawsuit
Licensing
Florida Medical Licensing Remains In Legal Limbo
Government-run cannabis stores moving ahead in Minnesota
Markets
Village Farms Launches Promenade Brand’s 1st Vape in Quebec
Tilray Unveils Good Supply Vapes in Quebec
Mike Tyson, TerrAscend Team Up To Launch Tyson 2.0 in Maryland, Pennsylvania
The Cannabist Co., Old Pal Continues Partnership With Expansion Into West Virginia
International
Canada Has Raised Over $5.4B in Cannabis Tax Revenues Since 2018