CRB Monitor Database: Charting Growth
Mainly due to new licensing data from New Mexico, active cannabis business licenses jumped by 260 the week of Sept. 13. New Mexico issues at least two licenses for each new operation, one for the business and additional licenses for each location. Total Tier 1 CRBs increased by 69 during the week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,702 1A CRBs + 5,027 1B CRBs = 98,729 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
Medical cannabis products recalled in Maryland
Chocolate City Wellness, latest D.C. medical dispensary to face closure
Litigation
New Mexico cannabis cultivator sues state, alleging toxic flood wrecked crop, company
Legalization & Regulation
Will Rescheduling Cannabis Entice More Banks?
Oklahoma marijuana industry overrun with “foreign nationals,” cops say
America’s 1st Black Licensed Dispensary Owner Announces Run for Congress
Markets
Edible Brands Expands Hemp-THC Offerings Nationwide
Recreational cannabis sales begin in Minnesota
Cannabis consumption lounges coming to California capital
InterCure to Acquire ISHI, Unlocking Access to Premium US Cannabis Technology, Brands
Aurora Cannabis Invests in German Manufacturing Facility
New Jersey Pilot Program Offering $15M to Support Cannabis Operators
Verano Holdings Corp. Announces Proposed Move from British Columbia to Nevada