CRB Monitor Database: Charting Growth
Cannabis business licensing was basically static the week of Sept. 27, with active licenses adding five and approved/pending increasing by 18, while pre-licenses dropped 26. Total Tier 1 cannabis-related businesses increased by only 30 records, and beneficial owner records went up by 90.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,787 1A CRBs + 5,037 1B CRBs = 98,824 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
Colorado cannabis recalls affect record number of retailers in 2025
Detroit Cannabis Grower Surrenders License in Resolution With CRA
Maryland Cannabis Administration issues recall for Hi Color Max Chocolate Milk products
D.C. cannabis retailer agrees to $10,000 fine in settlement
Oklahoma Authorities Seize Nearly 600lbs of Cannabis at ‘Straw Ownership’ Cultivation Site
Litigation
KY Hemp Co. Sues TN Over New Regulations
Illinois suspected ‘systemic diversion’ at Curaleaf cultivation
Ohio cannabis companies sue regulators over strict rules
D.C. cannabis shop wins in Court of Appeals against ANC
Investor Claim Cannabis Co. Seller Hid $16M In Unpaid Taxes
Legalization & Regulation
Will Wisconsin finally legalize medical marijuana?
Michigan marijuana operators protest, plot lawsuit over massive tax hike
California Governor Signs Bill To Integrate Hemp And Marijuana Markets
NH Lawmakers Approve Bill to Let Medical MJ Dispensaries Convert to For-Profit Businesses
Licensing
Massachusetts cannabis testing lab reopens after fraud suspension
57% of New York Adult-Use Cannabis Licenses Held by Social Equity Applicants
Nebraska Officials Miss Medical Marijuana Licensing Deadline As Regulators Resign
Markets
Vireo Growth to Acquire Outstanding Senior Secured Convertible Notes of Schwazze
MSO TerrAscend sells 3 stores as it exits Michigan cannabis market
Verano Secures $75 Million Revolving Credit Facility
Kentucky Cultivator Harvests State’s First Medical Marijuana Crop