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CRB Monitor | Weekly Update | September 21 - September 27, 2024
Published on October 2, 2024

CRB Monitor Database: Charting Growth

Maine is releasing data for licensed caregivers, individuals with d.b.a.'s who are allowed to grow cannabis and sell to dispensaries, which is one of the reasons why Tier 1 CRBs grew by 414 from the previous week. There are nearly 10,000 more Tier 1 businesses than last year.

Tier 1 Cannabis-Related Business Counts

Weekly Summary: 84,819 1A CRBs + 4,287 1B CRBs = 89,106 total

1A CRBs

1A CRB-093024
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 

1B CRB-093024
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-093024
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.

Beneficial Owners Count

BOR-093024
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. 

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Cannabis News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px indicate links to licensed business profiles in the CRB Monitor database.

Litigation

Hemp companies sue New Jersey over new regulatory system

Legalization & Regulation

Unlicensed market marijuana goes unchecked under Michigan’s law
No, Florida’s Amendment 3 won’t create a cannabis monopoly
Audit: Connecticut cannabis social equity agency followed ‘questionable practices’
MSOs donate another $6 million to Florida adult-use marijuana campaign
Los Angeles County seeks to halt online ads for unlicensed cannabis stores

Licensing Related

KCA Labs Nabs Kentucky’s First Medical License logo_color_markonly 20px
Florida Has No Answers on Licensing Delay
Licensing glut has New Mexico’s legacy marijuana businesses closing, downsizing logo_color_markonly 20px

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