Week of January 1 - January 5, 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?
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Hashing Out the Truth
CRB Monitor’s database growth by the numbers.
Tier 1 Marijuana-Related Business Counts
Weekly Summary (January 1 - January 5, 2024):
75,727 1A MRBs + 3,907 1B MRBs = 79,634 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
New Mexico fines, revokes licenses of 2 cannabis operations
CT Attorney General Sues Three Wholesalers, Four Retailers for Sale of Illicit Cannabis Products
Litigation
Catalyst Accuses CA Tax Collectors of Improper ‘Money Grab’
Hemp Cos. Lose Bid To Block New Alaska Rules
Washington Court Says Dormant Commerce Doesn't Apply To Pot
Justices Won't Review Citizenship Bar Over Legal Pot Biz
Legalization & Regulation
WI Republicans Unveil Plan to Legalize Non-Smokable Medical MJ with State-Run Dispensaries
Hawaii AG Sends Marijuana Legalization Bill To Lawmakers, But ‘Does Not Support’ It
Industry Attorney Weighs in on Possible Cannabis Rescheduling Timeline
NJ Cannabis Law Bill Allowing Some Officials To Rep Clients Passes Committees
Colorado regulators sent a bulletin about changes to cannabis testing rules
Florida GOP Lawmaker Files Bill To Cap Marijuana At 10% THC If Voters Approve Ballot Measure
State Lawmakers Eye Tighter Restrictions On Hemp Products
Kentucky Bill Would Legalize Marijuana Use, Possession And Home Cultivation, But Not Sales
California shuts down testing at most pot labs in the state
DEA Tells Congress It Has ‘Final Authority’ On Marijuana Rescheduling
Licensing Related
Montgomery County Circuit again judge halts Alabama’s issuance of integrated facility licenses
Nearly half of Missouri social-equity marijuana license applicants were from out of state
Vermont regulators posted guidance on the marijuana business license renewal process
Mergers and Acquisitions
BZAM Ltd. completed its acquisition of Final Bell Canada Inc.
Markets
Connecticut Cracks Down Amid Cultivation Shortages
Oneida Indian Nation opens recreational marijuana sales in New York
Village Farms sends first cannabis shipment to growing UK market
Trulieve Cannabis closes $25 million loan, hires new CFO
High Tide to Open First Canna Cabana in Mississauga, Ontario
CT agency gave $1.25 million to cannabis company that can’t legally sell in state
Verano Broadens Retail Footprint in Northeast Florida
4Front Ventures Corp. has a new CEO
International
Canada cannabis advocates say banks still refuse their business