CRB Monitor Database: Charting Growth
Cannabis business licensing jumped by a total 708 the week of Oct. 4. Active licenses added 135, approved/pending increased by 447, and pre-licenses grew by 126. Total Tier 1 cannabis-related businesses increased by 71 records, and beneficial owner records went up by 101.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,848 1A CRBs + 5,047 1B CRBs = 98,895 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
Culture Kizos inc./Kizos Culture inc. recalls 1-gram blunt due to microbial concerns
In A First, Mass Cannabis Regulators Revoke Troubled Dispensary’s License
CA Issues Voluntary Recall of Zurpz vaporizer
Oklahoma Issues Large Recall of Products for Testing Violations
Litigation
Ex-Curaleaf Exec Says Company Ignored Problems At Illinois Cannabis Facility
Legal battle brews over Michigan’s new marijuana tax
Legalization & Regulation
Marijuana Banking Data Show Signs of Stabilization
GOP Senator Wants To Let States ‘Opt In’ To Marijuana Legalization And Set A Federal Tax On It
Ohio Gov. Mike DeWine issues ban on THC drinks, gummies, other hemp products
DEA Says Marijuana Rescheduling Appeal Process Remains Stalled Under New Administrator
Licensing
Nebraska Awards the First Two Cultivator Licenses
Oaziz Extracts announces licence reinstatement, full operational resumption, and growth outlook
Markets
New York cannabis sales hit record-breaking $214.4M
STIIIZY Debuts High-Dose Hemp-Derived THC Seltzers and Sodas
Certified Opens Columbus Dispensary, Revives Local Landmark With Drive-Thru
Texas Original Announces State’s 1st Medical Cannabis Oral Syringe
Omaha Tribe of Nebraska plans to open its first cannabis dispensary by early 2026
High Tide dropped €26M in Germany and it’s setting off a ‘new wave’ of M&A