CRB Monitor Database: Charting Growth
After a big jump last week, cannabis business licensing dropped slightly the week of Oct. 11, led by a a decrease of 73 active licenses. Tier 1A business records edged up by 40, and beneficial owner records increased by 54.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,885 1A CRBs + 5,049 1B CRBs = 98,934 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
Michigan Cultivator Surrenders Grow Licenses
Chocolate City Wellness suspended for 30 Days for illegal cannabis sales
Voluntary Recall of Cities Pre-Rolls in California
Litigation
D.C. urges dismissal of I-71 cannabis alliance lawsuit
Judge Orders Pause On Ohio Hemp THC Ban
Curaleaf Says NJ's Pot Shop Union Requirement Bucks NLRA
Legalization & Regulation
NC senator questions legality of tribal cannabis enterprise
How New York is keeping cannabis medical after legalization
Delaware Regulators Warn of Scammer Impersonating Licensed Cannabis Dispensary
Nebraskans rip proposed regulations on medical cannabis at public hearing
Sweeping plan would cap Michigan marijuana shops, freeze new applications
Newsom Vetoes California Bill To Let Marijuana Businesses Deliver Products Directly To Patients
Markets
Cannabis operator Ayr Wellness restructures to cut debt by 50%, focus on growth
Cannabis drinks now available at select Minnesota Target stores
Carmelo Anthony and Skyworld build a trust-first cannabis collab
Planet 13 Opens Florida Dispensary in DeLand
Alberta’s first cannabis farmgate store prepares to open its doors