--- title: CRB Monitor | Weekly Update | October 26 - November 1, 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/CRB%201A-110424.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 26 - November 1, 2024 ##### Published on November 6, 2024 ### CRB Monitor Database: Charting Growth #### Beneficial cannabis business owners jumped another 211 in the last week, while total Tier 1 CRBs increased by 94. In the last six months, beneficial owners have increased 3.5% while total CRBs grew by 11.0%. #### Tier 1 Cannabis-Related Business Counts Weekly Summary: 86,187 1A CRBs + 4,319 1B CRBs = 90,506 total ### 1A CRBs *![CRB 1A-110424](https://www.crbmonitor.com/hs-fs/hubfs/CRB%201A-110424.png?width=468&height=281&name=CRB%201A-110424.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  *![CRB 1B-110424](https://www.crbmonitor.com/hs-fs/hubfs/CRB%201B-110424.png?width=468&height=279&name=CRB%201B-110424.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-110424](https://www.crbmonitor.com/hs-fs/hubfs/CBL-110424.png?width=468&height=305&name=CBL-110424.png) Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.* ### Beneficial Owners Count *![BOR-110424](https://www.crbmonitor.com/hs-fs/hubfs/BOR-110424.png?width=468&height=292&name=BOR-110424.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 [Unlicensed New York cannabis operator is penalized $9.5 million](https://mjbizdaily.com/unlicensed-new-york-cannabis-operator-is-penalized-9-5-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/99404) #### Legalization & Regulation [Record Number of Account Terminations in the 2nd Quarter](https://news.crbmonitor.com/2024/11/record-number-of-account-terminations-in-the-2nd-quarter/) [Arizona marijuana operators can start delivering to adult-use consumers Nov. 1](https://mjbizdaily.com/arizona-marijuana-operators-can-start-delivering-to-adult-use-consumers-nov-1/) [Missouri establishing cannabis reference testing lab to improve standards](https://mjbizdaily.com/missouri-establishing-cannabis-reference-testing-lab/) [Trulieve Cannabis spending in Florida’s adult-use campaign tops $140 million](https://mjbizdaily.com/trulieve-cannabis-spending-in-florida-adult-use-campaign-tops-140-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/511)  #### Licensing [KY and DE Stream License Lotteries](https://news.crbmonitor.com/2024/10/ky-and-de-stream-license-lotteries/) [Kentucky medical cannabis dispensary licenses to be decided in 2 lotteries](https://mjbizdaily.com/kentucky-medical-cannabis-dispensary-licenses-to-be-decided-in-2-lotteries/) #### Markets [Marijuana operator Green Dragon to cease operations by year-end](https://mjbizdaily.com/marijuana-operator-green-dragon-to-cease-operations-by-year-end/) [![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/15537) [Former NBA stars take their shots in the cannabis industry](https://mjbizdaily.com/former-nba-stars-take-their-shots-in-the-cannabis-industry/) [![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/90379) [Michigan marijuana company Skymint’s equipment for sale in November auction](https://mjbizdaily.com/michigan-marijuana-company-skymints-equipment-for-sale-in-november-auction/) [![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/87804) #### International News [2 German cities to launch adult-use cannabis sales pilot project in 2025](https://mjbizdaily.com/2-german-cities-to-launch-adult-use-cannabis-sales-pilot-project-in-2025/) ### Most Popular ### Subscribe For Updates ## Explore how CRBMonitor can simplify your cannabis-related compliance challenges. 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