CRB Monitor Database: Charting Growth
As we continue to process New Mexico cannabis licensing data, active licenses shrank by 554. Approved/pending and pre-licenses also fell slightly, bringing total licenses down to 64,237 the week of Sept. 20. However, Total Tier 1 cannabis-related business records increased by 65.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,759 1A CRBs + 5,035 1B CRBs = 98,794 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
3 cannabis companies to cease operations, pay $400,000 fine after settlement
Litigation
Weedmaps Accused Of Promoting Illegal Cannabis Cos.
Legalization & Regulation
California Repeals Excise Tax Increase
FinCEN Issues Advisory on Chinese Money Laundering
Virginia eyes 2026 for potential legalization of adult-use cannabis
Colorado Announces Period of Randomized Cannabis Product Testing
Licensing
Q2 2025 Cannabis Business Licensing Activity
County restrictions on Delaware cannabis licenses lifted
Track and trace now coming to New York’s $1.5 billion cannabis market in December
Massachusetts delays marijuana consumption lounges amid leadership shuffle
NY judge orders OCM to revert to old proximity rules
Washington regulators changed rules on marijuana business ownership interest
New York regulators published a list of licensed hemp producers
Markets
UK’s Mamedica Announces £4.5M Funding Round Led by US-Based Casa Verde
Jushi Favorably Modifies Mortgage on Virginia Cultivation, Manufacturing Facility
Why Cheech & Chong Cannabis retailers enjoy a new data advantage
Ongoing cannabis worker strikes in two states are longest in industry history