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Q2 2024 Cannabis-related Business Licensing Review

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Tier 1 Cannabis-Related Business counts: 84,271 1A CRBs + 4,169 1B CRBs = 88,440 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.

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