CRB Monitor Database: Charting Growth
Active cannabis licenses erased the gains it made a few weeks ago, dropping to 48,721 this week, five fewer than the week of Sept. 20. Approved/pending and pre-licenses also fell. Total Tier 1 cannabis-related business records grew by 64, and beneficial owners increased by 131.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,976 1A CRBs + 5,079 1B CRBs = 99,055 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
NY Operator Threatens Lawsuit Amid Alleged Omnium Link
OK Issues Massive Recalls for Testing Irregularities
Maine recalls cannabis vape carts after adverse health reaction
ADHS expands recall of marijuana products for aspergillus contamination
Litigation
Marijuana MSO sues DoorDash, Total Wine to halt hemp THC sales
Vireo Growth, Verano Holdings Reach Settlement on Litigation
Louisville cannabis companies challenge Kentucky's dispensary licensing in court
Florida Legalization Campaign Sues State Over ‘Nonsensical’ Delay In Ballot Initiative Review
Sale of THC drinks, hemp can continue until Dec. 2, Ohio judge rules
10th Circ. Upholds Wyoming's Hemp Restrictions
Cananbis Companies Ask U.S. Supreme Court to Review Constitutionality of Federal Prohibition
Legalization & Regulation
Michigan Lawmakers Propose New Crimes for Illegal Cannabis Cultivation, Delivery, and Processing
Minnesota city plans to open government-run cannabis store
Ohio Senate Rejects House Changes to Cannabis Bill
Why California’s Treasurer Says the State’s Adult-Use Cannabis Law Is a Failure
Tennessee agrees to delay new hemp regs
New Hampshire House Lawmakers Approve Marijuana Legalization Bill
Licensing
Minnesota cannabis business licenses resold as regulators dawdle
Markets
Cannabis use among youth declines in Canada post-legalization, but concerns remain
MariMed Announces Strategic Exit From Missouri Cannabis Market
The Cannabist Co. Opens 7th Ohio Dispensary
Maryland awards $217K grant to CannaWorkforce for cannabis job training expansion
Verano Holdings to Redomicile Parent Company from B.C. to Nevada