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CRB Monitor | Weekly Update | November 5 - 11
Published on November 16, 2022

Week of November 5 - 11, 2022

Do you love data and staying up to date with the latest cannabis-related headlines? Are you searching for industry news to inform your institution’s approach to cannabis risk and compliance? 

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Hashing Out the Truth

CRB Monitor’s database growth by the numbers.

Tier 1 Marijuana-Related Business Counts

Weekly Summary (November 5 - 11, 2022): 63,344 1A MRBs + 3,568 1B MRBs = 66,912 total

1A MRBs

1A 2022.11.11
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 MRBs 

1B 2022.11.11
Tier 1B Defined: CRB Monitor tiers businesses that have a financial or controlling interest in a Tier 1A CRB as "Tier 1B." 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. 

Marijuana Business Licenses

Licenses 2022.11.11
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.

A Note on Drop in License Count: Last week there was a dip in the license counts for "Pre-License" and "Approved/Pending" (Uniform License Status updated to "Inactive")

  • Pre-License – Updated ~ 600 licenses as "Inactive" ("Failed Applicants") (Oregon)
  • Approved/Pending – Updated 10 licenses as "Inactive" ("Not Available")
    • (1 = Washington, 5 = Maine, 4 = Massachusetts)

(The Reported License Statuses "Failed Applicant" and "Not Available" map to the Uniform License Status "Inactive", which decreased the net License count by more than the number of new Licenses during the week.)

Beneficial Owners Count

Owners 2022.11.11
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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News of Note

A selection of relevant cannabis-related news.

Mergers & Acquisitions

Negative News

Legalization & Regulation

International

Licensing Related

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