Week of August 5 - August 11, 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?
You've come to the right place.
Hashing Out the Truth
CRB Monitor’s database growth by the numbers.
Tier 1 Marijuana-Related Business Counts
Weekly Summary (August 5 - August 11, 2023):
73,411 1A MRBs + 3,786 1B MRBs = 77,197 total
1A MRBs
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
Tier 1B defined: Businesses that have a financial or controlling interest in a Tier 1A CRB. 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
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.
Beneficial Owners Count
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.
News of Note
A selection of relevant cannabis-related news. Items marked with 
indicate links to licensed business profiles in the CRB Monitor database.
Mergers & Acquisitions
Cannabis firm Tilray buying 8 Anheuser-Busch brands for $85M
Adverse Media
Nirvana Center voluntarily recalls marijuana gummies in AZ due to possible salmonella
Trulieve Cannabis alleges ex-CFO wrongly expensed more than $350,000
LCB Finds Illegal Cannabis Activity at “Caveman Medicine” in Tacoma
Litigation
Montana marijuana ownership residency requirement latest to be challenged
New York Judge Halts Retail Marijuana Licensing After Military Veterans Sue
Organigram’s Application for Judicial Review on Jolts Ingestible Extract Granted
Appeals court backs ruling in case on third-party medical marijuana ordering
Investors challenge MT's residency requirement to own, finance weed business
Legalization & Regulation
Virginia hemp product retailers slapped with fines under new law
New Hampshire bans delta-8 THC, will study state run, adult-use sales
Delta 8, other hemp products pulled from Evansville, IN, shelves amid statewide crackdown
Licensing Related
State Audit Highlights CO Cannabis Enforcement Deficiencies
24 companies picked to start Alabama’s medical marijuana industry
Missouri regulators received 1,601 applications for marijuana microbusiness licenses
DCR issues warning regarding potential microbusiness license scam
Markets
Trulieve on Track to Exit 2023 as ‘Leaner, Stronger’ Company, CEO Says
TerrAscend says Morgan Stanley, BNY Mellon lift custody ban on cannabis for TSE listing
Three Northeastern States Set Monthly Marijuana Sales Records in July
New York’s First Farmers Market Opens
International
Quebec has limited plans for new cannabis stores under retail monopoly