Exhibit 21.1

SUBSIDIARIES OF THE REGISTRANT

Blum Holdings, Inc. is a holding company with the following subsidiaries, including variable interest entities that are consolidated by the Company:

• Blum Management Holdings, Inc., a Delaware corporation

• Safe Accessible Solutions, Inc., a California corporation

• Coastal Pine Holdings, Inc., a Wyoming corporation

• Westcoast Management Holdings, Inc., a Wyoming corporation

• Blum A2, Inc., a Delaware corporation

• EWC Resources Inc., a California corporation