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CRB Monitor | Weekly Update | November 9 - November 15, 2024
Published on November 20, 2024

CRB Monitor Database: Charting Growth

The Tier 1B growth story continues as companies that have a financial or controlling interest in plant-touching Tier 1A businesses climbed by another 233 the week of Nov. 9. There are now 15% more Tier 1B companies than last quarter and 21% more than last year. Tier 1A companies also grew by 63 in the last week.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 86,223 1A CRBs + 4,672 1B CRBs = 90,895 total

1A CRBs

1A CRB-111924
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-111924
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-111924
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.

Beneficial Owners Count

BOR-111924
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. 

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Cannabis News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px indicate links to licensed business profiles in the CRB Monitor database.

Litigation

District of Columbia cannabis stores sue officials over enforcement efforts
Former Surterra Wellness executives sue Wrigley over overvalued stock payments logo_color_markonly 20px

Legalization & Regulation

Schedule III Delays Already Starting as Trump Nominates Gaetz
Mass. CCC Selects New Executive Director
California seized more than 150K pounds of illegal cannabis in 2024, agencies say

Licensing

NY Opens Applications for New Branding License
Vermont clears cultivation licensing backlog

Markets

Ayr doubles down on Florida cannabis despite failed legalization logo_color_markonly 20px
Planet 13 cuts losses, grows balance sheet, largely thanks to Florida entrance logo_color_markonly 20px
South Dakota’s first non-tribal medical marijuana dispensary to close logo_color_markonly 20px

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