Week of February 24 - March 1, 2024
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 (February 24-March 1, 2024):
76,002 1A MRBs + 3,948 1B MRBs = 79,950 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
Michigan, Georgia raids net thousands of cannabis plants, hundreds of pounds
Dispensary Curio fined for selling cannabis that sat in dumpster for two days
CA Regulators Recall Grizzly Peak Flower
Litigation
Commerce Clause Bid to Block Maryland Licensing Lottery Fails
Georgia Resident Files RICO Suit Over Cannabis Sold as Hemp-Derived
Northern California cannabis company sues city, alleges corruption in licensing process
9th Circ. Rejects Abstention In Calif. Pot Permit Law Challenge
NJ Town Residents Say Cannabis Laws Violate Federal Law
Legalization & Regulation
2023 Cannabis Legal & Regulatory Year in Review/2024 Outlook
CA Regulator Pulls Challenged Track and Trace Rule
Virginia lawmakers OK adult-use cannabis, but will governor sign off?
Florida’s proposed adult-use marijuana THC cap fails in Senate
Legislation proposes more medical marijuana dispensaries in Iowa
Washington Bill to Allow for the Resale of Cannabis Waste Passes Both Chambers
Wyoming ban on delta-8, similar hemp products nears finish line
SD lawmakers send Gov. Noem bills to amend medical cannabis rules, ban hemp-THC products
Federal Spending Proposal Would Extend State Medical MJ Protections, Expand Research Access
5th Circ. Accepts Miss. Medical Pot Co. Ad Ban Lawsuit
California Cannabis Tax Collection and Penalty Nightmares
South Dakota medical marijuana licensing bill advances
State Senate votes to back stricter version of ban on sale of ‘diet weed’
Licensing Related
2023 Cannabis Business Licensing Activity Review
Ohio drops medical marijuana card fee to 1 cent, halves processor license cost
D.C. Opens Social Equity Applicant Window for Medical Cannabis Retail Licenses
Virginia Cannabis Control Authority opens applications for medical cannabis facility
IL regulators open the second round of the Cannabis Social Equity Loan Program
Tyler Technologies to Provide Cannabis Licensing to the Commonwealth of Kentucky
Acquisitions & Mergers
Markets
2023 Cannabis Market Report – Year in Review
Marijuana lender Chicago Atlantic extends credit facility maturity to 2026
High Tide Opens 2nd Canna Cabana in Mississauga, Ontario
Troy Datcher, Cannabis Industry Trailblazer and Former Parent Company CEO, Dies
Cannabis firm BZAM granted creditor protection with massive unpaid tax bills
Indian Tribe Plans To Open North Carolina’s First Marijuana Dispensary On 4/20
Trulieve Cannabis reports receiving $113 million in 280E tax refunds
Agrify Corporation Announces Pricing of $2.6 Million Public Offering
International
Canada’s unpaid cannabis taxes soar 72% to almost CA$300 million
Pakistan promulgates law to regulate cannabis industry