--- title: CRB Monitor | Weekly Update | October 19 - October 25, 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-103024.png --- [![CRB Monitor](https://www.crbmonitor.com/hubfs/Crbmonitor%20-%20December2019/Images/logo.svg "CRB Monitor")](https://www.crbmonitor.com/) Close ## Request More Info We'd love to hear from you! Let us know how we can help. # RESOURCES | Data Updates | Regulatory CRB Monitor | Weekly Update | October 19 - October 25, 2024 ##### Published on October 31, 2024 ### CRB Monitor Database: Charting Growth #### Beneficial cannabis business owners continued to climb, adding another 157 in the last week, while total Tier 1 CRBs increased by 78. Active cannabis business licenses grew 1.6% since the last quarter but have dropped by 12.2% since last year.  #### Tier 1 Cannabis-Related Business Counts Weekly Summary: 86,104 1A CRBs + 4,308 1B CRBs = 90,412 total ### 1A CRBs *![1A CRB-103024](https://www.crbmonitor.com/hs-fs/hubfs/1A%20CRB-103024.png?width=468&height=281&name=1A%20CRB-103024.png) 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-103024](https://www.crbmonitor.com/hs-fs/hubfs/1B%20CRB-103024.png?width=468&height=279&name=1B%20CRB-103024.png) 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-103024](https://www.crbmonitor.com/hs-fs/hubfs/CBL-103024.png?width=468&height=305&name=CBL-103024.png) Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.* ### Beneficial Owners Count *![BOR-103024](https://www.crbmonitor.com/hs-fs/hubfs/BOR-103024.png?width=468&height=292&name=BOR-103024.png) 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 ![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png) indicate links to licensed business profiles in the CRB Monitor database.* #### Adverse Media [Maine testing lab ‘irregularities’ prompt widening adult-use cannabis recall](https://mjbizdaily.com/maine-testing-lab-irregularities-prompt-widening-adult-use-cannabis-recall/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/46399) #### Litigation [More Conflicting Court Rulings Perplex Hemp Industry](https://news.crbmonitor.com/2024/10/more-conflicting-court-rulings-perplex-hemp-industry/) [New Mexico marijuana firms sue federal agencies over ‘unlawful’ seizures](https://mjbizdaily.com/new-mexico-marijuana-firms-sue-federal-agencies-over-unlawful-seizures/) [Court takes Arkansas medical cannabis expansion out of voters’ hands](https://mjbizdaily.com/court-takes-arkansas-medical-cannabis-expansion-out-of-voters-hands/) #### Legalization & Regulation [California’s Cannabis Crackdown Leaves Underlying Problems Unaddressed](https://www.cannabisbusinesstimes.com/top-stories/news/15706617/californias-cannabis-crackdown-on-illicit-operators-leaves-underlying-problems-unaddressed) [Minnesota recreational marijuana market on target for 2025 launch, regulator says](https://mjbizdaily.com/minnesota-recreational-marijuana-market-on-target-for-2025-launch-regulator-says/) [South Dakota medical cannabis operators hope adult-use legalization would bring sales plan](https://mjbizdaily.com/south-dakota-adult-use-legalization-may-benefit-medical-cannabis-operators/) [NJ Assembly Bill Allowing Snacks Sold in Weed Dispensaries Passes Committee](https://headynj.com/politics/nj-assembly-bill-allowing-snacks-sold-in-weed-dispensaries-passes-committee/) #### Licensing [Majority of Missouri’s New Social Equity Licensees May Be Ineligible](https://news.crbmonitor.com/2024/10/majority-of-missouris-new-social-equity-licensees-may-be-ineligible/) [Delaware awards first adult-use cannabis licenses in state lottery drawing](https://www.greenmarketreport.com/delaware-awards-first-adult-use-cannabis-licenses-in-state-lottery-drawing/) [Cannabis license sellers in New York run up against TPI rules](https://www.greenmarketreport.com/cannabis-license-sellers-in-new-york-run-up-against-tpi-rules/) #### Markets [Cannabis operator Canopy Growth reduces loan term by $100 million](https://mjbizdaily.com/cannabis-operator-canopy-growth-reduces-loan-term-by-100-million/) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/11598) [SNDL Completes Privatization of Nova, Welcomes New Director](https://www.cannabisbusinesstimes.com/finance/news/15706317/sndl-completes-privatization-of-nova-welcomes-new-director) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/1712) ### Most Popular ### Subscribe For Updates ## Explore how CRBMonitor can simplify your cannabis-related compliance challenges. 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