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CRB Monitor | Weekly Update | January 21 - 27
Published on February 3, 2023

Week of January 21 - 27, 2023

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 (January 21 - 27, 2023): 65,142 1A MRBs + 3,613 1B MRBs = 68,755 total


1A 2023.01.27
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 2023.01.27
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 2023.01.27
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.

A Note on Change in License Count:

  • Pre-License – Updated 7 Licenses to "Inactive" (Michigan)
  • Approved/Pending – Added 25 New Licenses as "Approved/Pending" (Washington & New Jersey)
  • Active – Added 274 New Licenses as "Active" (Oklahoma, Illinois & Mississippi)

Beneficial Owners Count

Owners 2023.01.27
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

Licensing Related



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