Week of January 13 - January 19, 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 13 - January 19, 2024):
75,811 1A MRBs + 3,916 1B MRBs = 79,727 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. Week of Jan. 13, duplicate owner records in Oklahoma were merged.
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
Cannabis Hydroponics Firm Embroiled in SEC Stock Fraud Case
Trulieve Given 4 Months to Resolve ‘Odor Issue’ at Phoenix Cultivation Facility
Canadian cannabis company Safari Flower accesses creditor protection
Litigation
Biden Admin Will Seek To Dismiss Marijuana Industry Lawsuit Challenging Prohibition
Trulieve Appeals Against Alabama Court-Ordered Pause
Hemp Cos. Tell 8th Circuit To Keep Block On New Ark. Law
Judge Tosses Enchanted Green’s Bid To Halt Ala. Medical Pot Licensure
Legalization & Regulation
More Proposed Cannabis Legalization in Launch of 2024 Legislative Season
MI Chamber of Commerce Calls for Marijuana Banking Bill Passage, Citing Raft of Retail Break-Ins
Marijuana rescheduling doesn’t open door to Big Pharma takeover, report says
Connecticut regulators filed revised hemp product testing rules
Georgia lawmakers aim to raise the age to buy hemp and other cannabis derivatives
WA Lawmakers Hear Multiple Marijuana Bills, Including On Home Cultivation And THC Limits
New Jersey Regulators Approve Final Rules For Marijuana Consumption Lounges
Colorado regulators propose to increase medical cannabis application processing fees
Legal marijuana bill once again introduced in West Virginia
Virginia regulators filed revised medical cannabis and hemp rules
NY Governor Proposes Repealing Marijuana Potency Tax To Reduce Costs And Combat Illicit Market
DC Council Passes Emergency Legislation Regulating Unlicensed Cannabis Gifting Shops
Licensing Related
Maine Shuts Down Illicit Grow Sites as Chinese National Rumors Persist
Massachusetts to start accepting social equity license applications Feb. 5
Minnesota Pot Dept. Urges Lower Social Equity Ownership Barrier
Some New York Cannabis License Hopefuls Unhappy With Permit Process
MN Marijuana Regulators Recommend Fixes to Speed Up Licensing and Open at Least 381 Retailers
New York Retail License Winners Find Creative Ways to Sell Already
Planet 13 Selling Its Medical Marijuana Treatment Center License in Florida
U.S. Virgin Islands regulators are now accepting cannabis registration applications
Mergers and Acquistions
GrowerIQ buys marijuana tech firm Ample Organics from Akerna
Markets
Canopy Growth Announces Upsized US$35 Million Private Placement
California Distributor Petalfast Raises $8 Million to Boost Expansion
PharmaCann Kicks Off Adult Use Retail and Wholesale in New York
Women-Owned Cannabis Dispensary Opens its Doors in Goleta, Calif.
Dazed Cannabis Turns Iconic Strip Club Into Dispensary
Union Square Travel Agency Announces a New Name, New Licensed Location in Brooklyn
Theory Wellness Opens Boston's First Employee-Owned Dispensary in Medford
Can Mike Tyson Become a Heavyweight in the New York Marijuana Industry?
Indiva Announces Private Placement Under the Listed Issuer Financing Exemption up to $4M
International
Netherlands Joins Cannabis Regulators Association
Ukraine might depend on cannabis imports for years before local production is ready
Ontario’s new cannabis store ownership cap expected to boost M&A
Panama awards licenses to 7 medical cannabis businesses