CRB Monitor Database: Charting Growth
Cannabis business licensing continued its free fall, shedding 586 active, pending and pre-licenses during the week of Nov. 8. Tier 1A cannabis business records increased by 48 as Tier 1B records stayed at 5,079 for the third straight week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 94,061 1A CRBs + 5,079 1B CRBs = 99,140 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
Florida Bank Faces the Sting of ‘Failed’ Cannabis Compliance
Distressed marijuana MSO Ayr Wellness sells off assets in foreclosure sale
Maine OCP Expands Recall of NorCO Outdoor Cannabis Vape Cartridges
California Issues Voluntary Recall for Unlicensed Flower
Deadly Trump admin raid on California farm cost company $26 million
Legalization & Regulation
Trump Signs Bill To Recriminalize Hemp THC Products, Years After Approving Their Legalization
Cannabis packaging companies scrutinized over mold claims
Trump’s DOJ Allows Federal Prosecutors to Enforce Simple Cannabis Possession Crimes
Cannabis poisoning among teens skyrockets since NY legalization: ‘Not your Woodstock weed’
Pennsylvania misses $420 million cannabis revenue opportunity
New York cannabis shops can offer discounts under new rules
MA Senators Approve Bill to Double MJ Possession Limit for Adults, Restructure Commission
Licensing
Georgia Medical MJ Regulators Approve New Dispensary License as More Patients Register
US cities cutting back on permitted cannabis businesses
Markets
Arkansas medical cannabis sales at record pace
LA cannabis retailers stage tax revolt
Greenspoon Marder Secures Miami Dispensary Entitlements for The Comras Company
Squarespace Blocks Popular New York Cannabis Brand from Selling Merch
International News
Thailand’s Cannabis Leadership: The Path from Innovation to Sustainable Reform