CRB Monitor Database: Charting Growth
After being mostly stagnant a quarter ago, Tier 1B cannabis-related businesses have seen a steady rise in recent weeks. This week, there was a jump of 99 businesses compared to the previous week. Tier 1B businesses have grown 6.3% since the previous quarter and 12.2% since last year. Active licensed businesses began to climb this week as approved/pending licenses dropped.
Tier 1 Cannabis-Related Business Counts
Weekly Summary: 84,319 1A CRBs + 4,268 1B CRBs = 88,557 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. Items marked with 
indicate links to licensed business profiles in the CRB Monitor database.
Adverse Media
Michigan regulators suspend two licensees among other disciplinary actions in August
California Recalls CLSICS Pre-Roll for Pesticides
Lime Products Recalled in California for Pesticides
Maine Recalls Cannabis Cured Products for Yeast, Mold
C3 International executives appeal SEC ruling in $6 million fraud case
Litigation
Appeals court ruling keeps Alabama’s marijuana legal fights going
Boston law firm sues New York social equity shop Smacked for $143K in unpaid bills
Former California Cannabis Regulator Says Agency Fired Her After Lab Fraud Warnings
Judge may allow Alabama cannabis commission to vet license awards
Marijuana Companies File Opening Appellate Brief In Case Challenging Federal Prohibition
MMJ BioPharma Suing DEA Over Cannabis Reform, Medical Research
Legalization & Regulation
Nebraska AG Files Charge Alleging Petition Fraud
States try to regulate competing hemp, cannabis markets
Missouri operators comply with new packaging rules amid marijuana recalls
D.C. has only one marijuana inspector
FDA Tells Congress It Can Seize Cannabis Edibles and Drinks, but Usually Sends Warning Letters
Nixon Started the War on Drugs. Privately, He Said Pot Was ‘Not Particularly Dangerous.’
New Federal Program From OSHA Focuses On Marijuana Industry Workplace Hazards In Colorado
California Lawmakers Approve Cannabis Lounges Bill
Missouri regulators visit nearly 50 stores to inspect for intoxicating hemp edibles
Licensing Related
Kentucky Application Flood Arrives in Final Hour
This state legalized cannabis. So why does it still have an illegal weed problem?
IDFPR adopts amendment for cannabis dispensary licensing process
R.I. regulators propose lottery for new cannabis retail licenses who pass initial screening
Mergers & Acquisitions
Planet 13 buys Las Vegas cannabis store and assets for $6.9 million
Mammoth Distribution acquires marijuana company Papa & Barkley
Cannabis staffing platform Vangst acquires GreenForce
Markets
Cannabis Co. Nabs $150M '1st-Of-Its-Kind' Credit Facility
New Federal Data Show States Collected More Than $8.7 Billion In Marijuana Taxes Since 2021
11 States Projected to Be Billion-Dollar Cannabis Markets in 2024
Acreage Enters into Amended and Restated Credit Agreement
Hytn secures deal to supply medical marijuana to UK
Canadian retailer High Tide partners with Alberta cannabis events company
Green Thumb Opening 20th Rise Dispensary in Florida
International News
Japan's revised laws criminalizing cannabis use take effect Dec. 12
Rwanda's First Medical Marijuana Cultivation Facility Will Soon Be Ready To Operate
Pakistan Senate Committee Approves First-Ever Cannabis Regulation Bill