CRB Monitor Database: Charting Growth
Active cannabis business licenses fell by 73 the week of Sept. 6, but approved/pending licenses grew by 17. Tier 1A cannabis-related business records increased by 120, and beneficial owner records added 77 during the week.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 93,635 1A CRBs + 5,025 1B CRBs = 98,660 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
New York cannabis regulators move to punish testing lab as sales continue to grow
Las Vegas Man Gets 7 Years For $1.4M Fraud Scheme
Litigation
4th Circuit Upholds Maryland’s Social Equity Program
Hemp Interests Drop Challenge To Louisiana THC Law
Legalization & Regulation
GOP-Led Congressional Committee Votes To Block Trump From Rescheduling Marijuana
Minnesota governor signs tribal cannabis compact with the Mille Lacs Band of Ojibwe
California Senate Passes Bill To Delay Marijuana Tax Hike That Already Cleared Assembly
Cannabis consumption lounges coming to Kansas City, Missouri
Nebraska cuts medical marijuana plant counts to satisfy governor
Full Tax Court Limits Deduction For Cannabis Biz Owners
Licensing
New York cannabis shops strike deal with state over buffer zone dispute
Rhode Island Opens Applications for 24 Adult-Use Dispensary Licenses
What happens when a marijuana social equity permit holder dies?
NJCRC Awards 2 Cannabis Consumption Lounge Approvals, Hears Concerns
Markets
Definitive Agreement Signed to Re-Acquire Cannabis Beverage Brand LEVIA
Massachusetts Medical Cannabis Sales Drop 40% Since 2021 Peak
The Cannabist Co. Opening 6th Ohio Dispensary in Norwalk