Week of February 3 - February 9, 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 3- February 9, 2024):
75,938 1A MRBs + 3,930 1B MRBs = 79,868 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
Rhode Island dispensary agrees to fine over late payments to pot cultivators
Mass. Attorney Gets 2 Years For 'Corruptly' Pushing Pot Bribe Plot
Litigation
After Adult-Use Market Launch, Residency Challenge Comes to Maryland
Medical marijuana growers in OK sue over safety inspection requirements
Cannabis Co. Sues Colorado Regulators Over Tracking Rules
House Democrat accused of accepting 'illegal' campaign donations from La Mota
Calif. Judge Axes Suit Over Pot Destroyed On Tribal Land
Judge denies O’Brien appeal in Cannabis Control Commission case
Legalization & Regulation
Bill would double number of Iowa low-THC medical marijuana dispensaries
California regulators published guidance on cannabis product embargoes
Idaho legislators introduce ban on advertising related to illegal products
CRS: Lack Of Banking Access Makes Marijuana Businesses Reliant On Cash, Raises Questions
California Bill May Change State’s Cannabis and Hemp Industries
Ark. marijuana, patient group resubmits ballot proposal to increase access to medical cannabis
Massachusetts regulators posted rules for the Cannabis Social Equity Trust Fund
Momentum builds in Hawaii to legalize adult-use marijuana as foes mobilize
Tennessee lawmakers reintroduce nonbonding marijuana referendum ballot bill
New York Legislation Aims to Provide Medical Cannabis Reciprocity
Licensing Related
D.C gifting shops face enforcement, 76 unlicensed shops applied for medical licenses
Wyoming regulators posted a list of licensed hemp businesses
Two new weed shops get initial OK to launch in NY
Mergers & Acquisitions
Aurora Cannabis acquires MedReleaf Australia in bigger bet on medical
Curaleaf International Acquires Can4Med, Expanding Presence in Poland
Lume Cannabis to take over Skymint grow operation
Markets
U.S. Bankruptcy Courts Start to Hear Out Cannabis Debtors
Just as some cannabis ETFs give up and close, investors return with fresh money
Puffin Store NJ workers vote to join UFCW Local 360
Marijuana brands, ex-employees say MedMen owes them thousands
Marijuana MSO Ayr Wellness completes debt extension, raises $40 million
STIIIZY Appoints Isaac Kim as Chief Financial Officer
Ultra Health, largest marijuana player in New Mexico, closing Santa Fe shop
Jones Soda, Tilray partnering to bring Mary Jones cannabis drinks to Canada
International
Canadian cannabis firm MediPharm receives Brazilian GMP certification