---
title: CRB Monitor | Weekly Update | February 24 - March 1, 2024
description: Highlighting growth of Tier 1A and 1B MRBs (marijuana-related businesses), marijuana business licenses and beneficial owners, with industry news to note.
image: https://www.crbmonitor.com/hubfs/1A%20MRB-030424.png
---
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# RESOURCES | Data Updates | Regulatory
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 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.
*
[Schedule Demo to See Full Database > ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLJD1yIF1IrCC2%2B2U0eNWdHj6Sn9vXOR%2FbensQH28M8tEuLHksMU8Vi2EfB5Iij5cm8TYEvDap1UvVsxxnrsM7e8Qun%2BCHYY8f5zRaS%2FZssISKgwXZpl4fSQ5%2F8%2BP0HO4q%2F%2B4c8HWm9fTboTa%2BXBCqbwZ3NxsEvKa6gzqh2KX%2BBBAYg8a0tSzFGlpsZec0b6yMlxb6ymGT%2FjkmT49lwU9Mcwsw%3D%3D&portalId=6526999)
## 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](https://mjbizdaily.com/michigan-georgia-raids-net-thousands-of-cannabis-plants-hundreds-of-pounds/)
[Dispensary Curio fined for selling cannabis that sat in dumpster for two days](https://www.thebaltimorebanner.com/economy/curio-cannabis-dumpster-far-dotter-XRKIIYGZJZAKJMFYUNG5FPLOSQ/) [](https://app.crbmonitor.com/businesses/12758)
[CA Regulators Recall Grizzly Peak Flower](https://cannabis.ca.gov/resources/cannabis-recalls-and-safety-notices/grizzly-peak-premium-indoor-flower/) [](https://app.crbmonitor.com/businesses/2112)
#### Litigation
[Commerce Clause Bid to Block Maryland Licensing Lottery Fails](https://news.crbmonitor.com/2024/03/dcc-legal-bid-to-block-maryland-licensing-lottery-fails/) [](https://app.crbmonitor.com/individuals/114351)
[Georgia Resident Files RICO Suit Over Cannabis Sold as Hemp-Derived](https://news.crbmonitor.com/2024/02/georgia-resident-files-rico-suit-over-cannabis-sold-as-hemp-derived/) [](https://app.crbmonitor.com/businesses/55784)
[Northern California cannabis company sues city, alleges corruption in licensing process](https://www.greenmarketreport.com/northern-california-cannabis-company-sues-city-alleging-corruption-in-licensing-process/) [](https://app.crbmonitor.com/businesses/3392)
[9th Circ. Rejects Abstention In Calif. Pot Permit Law Challenge](https://www.law360.com/cannabis/articles/1809632) [](https://app.crbmonitor.com/businesses/79429)
[NJ Town Residents Say Cannabis Laws Violate Federal Law](https://www.law360.com/cannabis/articles/1806947)
#### Legalization & Regulation
[2023 Cannabis Legal & Regulatory Year in Review/2024 Outlook](https://news.crbmonitor.com/2024/03/2023-cannabis-legal-regulatory-year-in-review-2024-outlook/)
[CA Regulator Pulls Challenged Track and Trace Rule](https://news.crbmonitor.com/2024/03/ca-regulator-pulls-challenged-track-and-trace-rule/) [](https://app.crbmonitor.com/businesses/3344)
[Virginia lawmakers OK adult-use cannabis, but will governor sign off?](https://mjbizdaily.com/virginia-lawmakers-ok-adult-use-marijuana-sales/)
[Florida’s proposed adult-use marijuana THC cap fails in Senate](https://mjbizdaily.com/floridas-proposed-adult-use-cannabis-thc-cap-fails-in-senate/)
[Legislation proposes more medical marijuana dispensaries in Iowa](https://www.desmoinesregister.com/story/news/politics/2024/02/27/iowa-house-bill-seeks-to-add-more-medical-marijuana-dispensaries/72759827007/)
[Washington Bill to Allow for the Resale of Cannabis Waste Passes Both Chambers](https://www.spokesman.com/stories/2024/mar/03/the-majority-of-marijuana-waste-in-washington-ends/)
[Wyoming ban on delta-8, similar hemp products nears finish line](https://wyofile.com/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](https://southdakotasearchlight.com/2024/03/02/legislative-roundup-tuition-freeze-expected-in-budget-as-session-enters-final-week/)
[Federal Spending Proposal Would Extend State Medical MJ Protections, Expand Research Access](https://www.marijuanamoment.net/congressional-leaders-bill-extends-state-medical-marijuana-protections-and-calls-for-studying-legalization-models/?)
[5th Circ. Accepts Miss. Medical Pot Co. Ad Ban Lawsuit](https://www.law360.com/cannabis/articles/1808439)
[California Cannabis Tax Collection and Penalty Nightmares](https://harris-sliwoski.com/cannalawblog/california-cannabis-tax-collection-and-penalty-nightmares/)
[South Dakota medical marijuana licensing bill advances](https://listen.sdpb.org/politics/2024-02-27/medical-marijuana-licensing-bill-advances)
[State Senate votes to back stricter version of ban on sale of ‘diet weed’](https://southdakotasearchlight.com/2024/02/26/state-senate-votes-to-back-stricter-version-of-ban-on-sale-of-diet-weed/)
#### Licensing Related
[2023 Cannabis Business Licensing Activity Review](https://news.crbmonitor.com/2024/03/2023-cannabis-business-licensing-activity-review/)
[Ohio drops medical marijuana card fee to 1 cent, halves processor license cost](https://mjbizdaily.com/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](https://outlawreport.com/d-c-opens-social-equity-applicant-window-for-medical-cannabis-retail-licenses/)
[Virginia Cannabis Control Authority opens applications for medical cannabis facility](https://www.newsleader.com/story/news/2024/02/28/virginia-cannabis-control-authority-opens-applications-for-medical-cannabis-facility/72774151007/)
[IL regulators open the second round of the Cannabis Social Equity Loan Program](https://www.illinois.gov/news/press-release.29674.html)
[Tyler Technologies to Provide Cannabis Licensing to the Commonwealth of Kentucky](https://www.businesswire.com/news/home/20240227150740/en/Tyler-Technologies-to-Provide-Cannabis-Licensing-to-the-Commonwealth-of-Kentucky) [](https://app.crbmonitor.com/businesses/57032)
#### Acquisitions & Mergers
[Nabis is acquiring Blackbird](https://www.businesswire.com/news/home/20240227423232/en/) [](https://app.crbmonitor.com/businesses/17388)
#### Markets
[2023 Cannabis Market Report – Year in Review](https://news.crbmonitor.com/2024/03/2023-cannabis-market-report-year-in-review/)
[Marijuana lender Chicago Atlantic extends credit facility maturity to 2026](https://mjbizdaily.com/marijuana-lender-chicago-atlantic-extends-credit-facility-maturity-to-2026/) [](https://app.crbmonitor.com/businesses/68628)
[High Tide Opens 2nd Canna Cabana in Mississauga, Ontario](https://www.cannabisbusinesstimes.com/news/high-tide-opens-second-canna-cabana-mississauga-ontario/) [](https://app.crbmonitor.com/businesses/26394)
[Troy Datcher, Cannabis Industry Trailblazer and Former Parent Company CEO, Dies](https://www.cannabisbusinesstimes.com/news/troy-datcher-cannabis-dies/) [](https://app.crbmonitor.com/businesses/26806)
[Cannabis firm BZAM granted creditor protection with massive unpaid tax bills](https://mjbizdaily.com/cannabis-firm-bzam-granted-creditor-protection-with-massive-unpaid-tax-bills/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=296688438&_hsenc=p2ANqtz-8z8NbvHecJhq2jpArvfKvSjSYVOpp7T1jlf8Rr9ECNfNAEGbOoTEC2LXMo1tFx7HCRjj0Beo-HFQZJSIntWOb7ywK6aaeb-QVzso1O7kraktzWYnA&utm_content=296688959&utm_source=hs_email) [](https://app.crbmonitor.com/businesses/13633)
[Indian Tribe Plans To Open North Carolina’s First Marijuana Dispensary On 4/20](https://www.marijuanamoment.net/indian-tribe-plans-to-open-north-carolinas-first-marijuana-dispensary-on-4-20/?)
[Trulieve Cannabis reports receiving $113 million in 280E tax refunds](https://mjbizdaily.com/trulieve-cannabis-reports-receiving-113-million-in-280e-tax-refunds/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=296267010&_hsenc=p2ANqtz-9IqW1w8lX0R_-XbmDRg2EWMcdAiHXSFQI2poNJtWOJIQe9L-cuUh1Abuq6FqCtTEGI7J7zLykHvMCK8FTuNSmDK2LglkinV81ZZCxXIJXPz1Pr-s0&utm_content=296267010&utm_source=hs_email) [](https://app.crbmonitor.com/businesses/511)
[Agrify Corporation Announces Pricing of $2.6 Million Public Offering](https://www.globenewswire.com/en/news-release/2024/02/28/2837055/0/en/Agrify-Corporation-Announces-Pricing-of-2-6-Million-Public-Offering.html) [](https://app.crbmonitor.com/businesses/48500)
#### International
[Canada’s unpaid cannabis taxes soar 72% to almost CA$300 million](https://mjbizdaily.com/canada-unpaid-cannabis-taxes-soar-to-almost-ca300-million/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=296688438&_hsenc=p2ANqtz--lKZKh_PNlQnU3-Gsrnn8nYTKf17OBGJme2DXOqWajh3K4w-UfcUD9HuyD0KAYWiWN7pmAmkiJmtxPBx3HiYA711oJQLssNjOBEwk_faAcWqAUPog&utm_content=296688959&utm_source=hs_email)
[Pakistan promulgates law to regulate cannabis industry](https://humnews.pk/latest/pakistan-promulgates-law-to-regulate-cannabis-industry/)
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