---
title: CRB Monitor | Weekly Update | October 12 - October 18, 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-102224.png
---
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# RESOURCES | Data Updates | Regulatory
CRB Monitor | Weekly Update | October 12 - October 18, 2024
##### Published on October 23, 2024
### CRB Monitor Database: Charting Growth
#### Beneficial owners in the cannabis industry jumped another 228 from the previous week as Tier 1A cannabis-related businesses increased by 81. However, active business licenses fell by 15. Still, there's a 1.2% increase in active licenses compared to the previous quarter.
#### Tier 1 Cannabis-Related Business Counts
Weekly Summary: 86,040 1A CRBs + 4,294 1B CRBs = 90,334 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.
*
[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  indicate links to licensed business profiles in the CRB Monitor database.*
#### Adverse Media
[K.U.S.H. Collective Shut Down, Products Embargoed](https://news.crbmonitor.com/2024/10/k-u-s-h-collective-shut-down-products-embargoed/) [](https://app.crbmonitor.com/businesses/28912)
[Massachusetts fines marijuana MSOs Ascend, Curaleaf a combined $165,000](https://mjbizdaily.com/massachusetts-fines-marijuana-msos-ascend-curaleaf-a-combined-165000/) [](https://app.crbmonitor.com/businesses/15234) [](https://app.crbmonitor.com/businesses/562)
#### Litigation
[D.C. Licensees Sue Gifting Shops, Landlords](https://news.crbmonitor.com/2024/10/d-c-licensees-sue-gifting-shops-landlords/) [](https://app.crbmonitor.com/businesses/603) [](https://app.crbmonitor.com/businesses/17997)
[Judge rejects petition to pause California ban on intoxicating hemp products](https://mjbizdaily.com/judge-rejects-petition-to-pause-california-ban-on-intoxicating-hemp-products/)
[California marijuana lab official fired for violations, not whistleblowing, state says](https://mjbizdaily.com/california-marijuana-lab-official-fired-for-policy-violations-state-says/)
#### Legalization & Regulation
[Delaware governor signs cannabis banking protection bill](https://www.greenmarketreport.com/delaware-governor-signs-cannabis-banking-protection-bill/)
#### Licensing
[NY Awards First New Medical Licenses Since 2015](https://news.crbmonitor.com/2024/10/ny-awards-first-new-medical-licenses-since-2015/) [](https://app.crbmonitor.com/businesses/93237)
[California gives Mendocino cannabis farmers a path to secure annual permits](https://mjbizdaily.com/california-gives-mendocino-cannabis-farmers-a-path-to-secure-annual-permits/)
#### Markets
[Green Dragon warehouse sells for $11.4M as parent company Eaze preps shutdown](https://www.greenmarketreport.com/green-dragon-warehouse-sells-for-11-4m-as-parent-company-eaze-preps-shutdown/) [](https://app.crbmonitor.com/businesses/11597) [](https://app.crbmonitor.com/businesses/15537)
[Trulieve Opening 153rd and 154th Florida Cannabis Dispensaries](https://www.cannabisbusinesstimes.com/dispensary/news/15705901/trulieve-opening-152nd-and-153rd-florida-cannabis-dispensaries) [](https://app.crbmonitor.com/businesses/511)
[Planet 13 Opening 28th Florida Cannabis Dispensary in Port Orange](https://www.cannabisbusinesstimes.com/industry-headlines/news/15705893/planet-13-opening-28th-florida-cannabis-dispensary-in-port-orange) [](https://app.crbmonitor.com/businesses/12512)
[MariMed Commences Cannabis Cultivation at Mt. Vernon Facility in Illinois](https://www.cannabisbusinesstimes.com/industry-headlines/news/15705795/marimed-commences-cannabis-cultivation-at-mt-vernon-facility-in-illinois) [](https://app.crbmonitor.com/businesses/24655)
[Higher Collective Opens Adult-Use Cannabis Shop in Bridgeport, Connecticut](https://www.cannabisbusinesstimes.com/dispensary/news/15705705/higher-collective-opens-adultuse-cannabis-shop-in-bridgeport-connecticut) [](https://app.crbmonitor.com/businesses/75272)
#### International
[MedCana Subsidiary in Colombia Enters Negotiations with Australian Firm ](https://www.cannabisbusinesstimes.com/industry-headlines/news/15706224/medcana-subsidiary-in-colombia-enters-negotiations-with-australian-firm-for-pharma-cannabis-supply)
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