CRB Monitor Securities Update | July 2025
Last month we wrote about some of the sources of risk in the cannabis equity realm, which include shrinking market...
Michigan Shuts Down Two Labs, Bans Owners
The wave of state enforcement actions against cannabis testing labs hit Michigan this week with the Cannabis Regulatory Agency ordering...
Immigration Raids Hurt Glass House’s Production Outlook
The July 10 immigration raids at Glass House Brands Inc.’s (GLASF, GHBWF) cultivation sites in California are cutting into the...
2nd Circuit Rules Dormant Commerce Clause Applies to Cannabis
The Second Circuit Court of Appeals ruled, in a 2-1 decision, that the dormant commerce clause of the U.S. Constitution...
BREAKING NEWS
CRB Monitor Chart of the Month | August 2025
We periodically analyze the historical performance of several components of the publicly-traded,...
OMMA Suspends Greenleaf Labs’ License
The night of Aug. 12, approximately 19,000 cannabis product samples tested by...
NY Will Allow Outdoor Growers to Come Inside
New York’s Cannabis Control Board approved a new rule that would allow...
CRB Monitor Securities Update | Q2 2025
The CRB Monitor Securities Research team covers all aspects of the publicly-traded...
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Tier 1 Cannabis-Related Business records: 93,324 1A CRBs + 5,009 1B CRBs = 98,333 total
Pre-licensing refers to licenses in application. Approved/pending licenses are approved but pre-operational pending additional conditions.
Tier 1A businesses literally touch the cannabis plant at some point along the supply chain from seed to sale, and are licensed by a government agency or regulator.
Tier 1B businesses are highlighted as red flags by FinCEN in its marijuana banking guidance.
