Week of December 2 - December 8, 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 (December 2 - December 8, 2023):
75,605 1A MRBs + 3,889 1B MRBs = 79,494 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.
Adverse Media
Voluntary Recall of Grizzly Peak Farms Cannabis Flower in California
Litigation
Federal Judge Tosses Puerto Rico Credit Union’s E-Payment Lawsuit
Court Settlements Open Doors for MSOs to Enter NY Adult-Use Market
Seattle Pot Shop Sued Over Collapsed Deal To Sell Licenses
Hemp Cos. Tell 4th Circuit Court To Block Va.'s 'Total THC' Law
Parallel Stockholders Reject Proposed Restructuring in Billion-Dollar Lawsuit
Pot Group Urges 8th Circuit Court To End Block On Ark. Hemp Law
Receiver Appointed In California Dispensary Contract Dispute
Suspended Massachusetts Cannabis Regulator Wins Disciplinary Hearing Delay
Washington Pot Regulators Decry Tactics In Pot License Suit
Detroit marijuana operators sue city after late license revocation
Cannabis MSO MedMen tops Whitestar Solutions again in fraud case
Legalization & Regulation
Pritzker signs ‘cannabis transporter’ bill into law
Feds Release 250+ Pages Of Redacted Documents On Marijuana Rescheduling Recommendation
Washington, D.C. bill would give unlicensed marijuana businesses more time to comply
Florida Medical Marijuana Company Asks Court To Block Legalization Initiative
Congress Members Pitch Bill Letting States Set Pot Policy
Ohio Senators Rewrite Voter-Approved Pot Legalization
Licensing Related
Alabama Faces Another Lawsuit Following a Third Round of Licensing
New York Governor Announces 2 Adult-Use Dispensary Openings in Capital Region
Mergers and Acquisitions
CannMenus Finalizes Acquisition of Nugget Data
BZAM to Acquire Final Bell's Canadian Operation
Markets
Curaleaf Announced Reorganization of its U.S. Operations in Connection with TSX Listing
What to Expect in Cannabis Real Estate Deals
Zen Leaf Cannabis Workers In Rogers Park Join Teamsters Local 777
CFIG Releases Guidance to Help Cannabis Companies Select a Banking Institution
Skymint to Shut Down Michigan Marijuana Growing Operation, Lay Off 180
Lack of product variety blunts Connecticut’s adult-use marijuana sales
International
Colombia Eliminates Fine For Drug Possession As Lawmakers Push For Marijuana Legalization Vote
Canadian province plans cannabis testing program to tackle THC inflation