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CRB Monitor | Weekly Update | February 24 - March 1, 2024
Published on March 7, 2024

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 MRB-030424
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 

1B MRB-030424
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. 

Schedule Demo to See Full Database >

News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px 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 logo_color_markonly 20px
CA Regulators Recall Grizzly Peak Flower logo_color_markonly 20px


Commerce Clause Bid to Block Maryland Licensing Lottery Fails logo_color_markonly 20px
Georgia Resident Files RICO Suit Over Cannabis Sold as Hemp-Derived logo_color_markonly 20px
Northern California cannabis company sues city, alleges corruption in licensing process logo_color_markonly 20px
9th Circ. Rejects Abstention In Calif. Pot Permit Law Challenge logo_color_markonly 20px
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 logo_color_markonly 20px
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 logo_color_markonly 20px

Acquisitions & Mergers

Nabis is acquiring Blackbird logo_color_markonly 20px


2023 Cannabis Market Report – Year in Review
Marijuana lender Chicago Atlantic extends credit facility maturity to 2026 logo_color_markonly 20px
High Tide Opens 2nd Canna Cabana in Mississauga, Ontario logo_color_markonly 20px
Troy Datcher, Cannabis Industry Trailblazer and Former Parent Company CEO, Dies logo_color_markonly 20px
Cannabis firm BZAM granted creditor protection with massive unpaid tax bills logo_color_markonly 20px
Indian Tribe Plans To Open North Carolina’s First Marijuana Dispensary On 4/20
Trulieve Cannabis reports receiving $113 million in 280E tax refunds logo_color_markonly 20px
Agrify Corporation Announces Pricing of $2.6 Million Public Offering logo_color_markonly 20px


Canada’s unpaid cannabis taxes soar 72% to almost CA$300 million
Pakistan promulgates law to regulate cannabis industry


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