---
title: CRB Monitor | Weekly Update | January 13 - January 19
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-012323.png
---
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# RESOURCES | Data Updates | Regulatory
CRB Monitor | Weekly Update | January 13 - January 19
##### Published on January 24, 2024
# 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?
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 (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.
*
[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
#### [Cannabis Hydroponics Firm Embroiled in SEC Stock Fraud Case](https://www.greenmarketreport.com/cannabis-hydroponics-firm-embroiled-in-sec-stock-fraud-case/) [](https://app.crbmonitor.com/businesses/37818) [Trulieve Given 4 Months to Resolve ‘Odor Issue’ at Phoenix Cultivation Facility](https://www.cannabisbusinesstimes.com/news/trulieve-cannabis-odor-phoenix-arizona-cultivation-facility/) [](https://app.crbmonitor.com/businesses/511) [Canadian cannabis company Safari Flower accesses creditor protection](https://mjbizdaily.com/canadian-cannabis-producer-safari-flower-in-creditor-protection/) Litigation
[Biden Admin Will Seek To Dismiss Marijuana Industry Lawsuit Challenging Prohibition](https://www.marijuanamoment.net/biden-admin-will-seek-to-dismiss-marijuana-industry-lawsuit-challenging-prohibition-doj-tells-federal-court/?)
[Trulieve Appeals Against Alabama Court-Ordered Pause](https://www.greenmarketreport.com/trulieve-appeals-against-alabama-court-ordered-pause/) [](https://app.crbmonitor.com/businesses/511)
[Hemp Cos. Tell 8th Circuit To Keep Block On New Ark. Law](https://www.law360.com/cannabis/articles/1786900)
[Judge Tosses Enchanted Green’s Bid To Halt Ala. Medical Pot Licensure](https://www.law360.com/cannabis/articles/1785552) [](https://app.crbmonitor.com/businesses/78105)
#### Legalization & Regulation
[More Proposed Cannabis Legalization in Launch of 2024 Legislative Season](https://news.crbmonitor.com/2024/01/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](https://www.marijuanamoment.net/michigan-chamber-of-commerce-calls-on-congress-to-pass-marijuana-banking-bill-citing-raft-of-retail-break-ins/)
[Marijuana rescheduling doesn’t open door to Big Pharma takeover, report says](https://mjbizdaily.com/marijuana-rescheduling-doesnt-open-door-to-big-pharma/)
[Connecticut regulators filed revised hemp product testing rules](https://marijuanamoment.us14.list-manage.com/track/click?u=2b103be7b5d7ad4abd40bfebc&id=7c14c45f84&e=581ba6a5a9)
[Georgia lawmakers aim to raise the age to buy hemp and other cannabis derivatives](https://www.11alive.com/article/news/local/legal-age-to-buy-hemp-georgia/85-d845136e-552a-400c-85e4-6950f4ca3134)
[WA Lawmakers Hear Multiple Marijuana Bills, Including On Home Cultivation And THC Limits](https://www.marijuanamoment.net/washington-lawmakers-hear-multiple-marijuana-bills-including-on-home-cultivation-and-thc-limits/?)
[New Jersey Regulators Approve Final Rules For Marijuana Consumption Lounges](https://www.marijuanamoment.net/new-jersey-regulators-approve-final-rules-for-marijuana-consumption-lounges/?)
[Colorado regulators propose to increase medical cannabis application processing fees](https://marijuanamoment.us14.list-manage.com/track/click?u=2b103be7b5d7ad4abd40bfebc&id=98552c16cf&e=581ba6a5a9)
[Legal marijuana bill once again introduced in West Virginia](https://www.wboy.com/news/west-virginia/west-virginia-politics/legal-marijuana-bill-once-again-introduced-in-west-virginia/)
[Virginia regulators filed revised medical cannabis and hemp rules](https://marijuanamoment.us14.list-manage.com/track/click?u=2b103be7b5d7ad4abd40bfebc&id=ff139d6081&e=581ba6a5a9)
[NY Governor Proposes Repealing Marijuana Potency Tax To Reduce Costs And Combat Illicit Market](https://www.marijuanamoment.net/new-york-governor-proposes-repealing-marijuana-potency-tax-to-reduce-costs-and-combat-illicit-market/?)
[DC Council Passes Emergency Legislation Regulating Unlicensed Cannabis Gifting Shops](https://thehoya.com/dc-council-passes-emergency-legislation-regulating-unlicensed-cannabis-gifting-shops/)
#### Licensing Related
[Maine Shuts Down Illicit Grow Sites as Chinese National Rumors Persist](https://news.crbmonitor.com/2024/01/maine-shuts-down-illicit-grow-sites-as-chinese-national-rumors-persist/)
[Massachusetts to start accepting social equity license applications Feb. 5](https://masscannabiscontrol.com/2024/01/cannabis-control-commission-to-launch-fourth-cohort-of-its-social-equity-program/)
[Minnesota Pot Dept. Urges Lower Social Equity Ownership Barrier](https://www.law360.com/cannabis/articles/1787959)
[Some New York Cannabis License Hopefuls Unhappy With Permit Process](https://www.greenmarketreport.com/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](https://www.marijuanamoment.net/minnesota-marijuana-regulators-recommend-fixes-to-legalization-law-to-speed-up-licensing-and-open-minimum-of-381-retailers/?)
[New York Retail License Winners Find Creative Ways to Sell Already](https://www.greenmarketreport.com/new-york-retail-license-winners-find-creative-ways-to-sell-already/)
[Planet 13 Selling Its Medical Marijuana Treatment Center License in Florida](https://www.accesswire.com/826800/planet-13-enters-into-definitive-agreement-to-sell-its-medical-marijuana-treatment-center-license-in-florida-in-connection-with-the-previously-announced-definitive-agreement-to-acquire-vidacann) [](https://app.crbmonitor.com/businesses/57531)
[U.S. Virgin Islands regulators are now accepting cannabis registration applications](https://marijuanamoment.us14.list-manage.com/track/click?u=2b103be7b5d7ad4abd40bfebc&id=a7f0b41e00&e=581ba6a5a9)
#### Mergers and Acquistions
[GrowerIQ buys marijuana tech firm Ample Organics from Akerna](https://mjbizdaily.com/groweriq-buys-marijuana-tech-firm-ample-organics-from-akerna/) [](https://app.crbmonitor.com/businesses/25974)
#### Markets
[Canopy Growth Announces Upsized US$35 Million Private Placement](https://www.prnewswire.com/news-releases/canopy-growth-announces-upsized-us35-million-private-placement-302038265.html) [](https://app.crbmonitor.com/businesses/11598)
[California Distributor Petalfast Raises $8 Million to Boost Expansion](https://www.greenmarketreport.com/california-distributor-petalfast-raises-8-million-to-boost-expansion/)
[PharmaCann Kicks Off Adult Use Retail and Wholesale in New York](https://www.prnewswire.com/news-releases/pharmacann-kicks-off-adult-use-retail-and-wholesale-in-new-york-302036474.html) [](https://app.crbmonitor.com/businesses/331)
[Women-Owned Cannabis Dispensary Opens its Doors in Goleta, Calif.](https://www.prnewswire.com/news-releases/women-owned-cannabis-dispensary-opens-its-doors-in-goleta-302038741.html)
[Dazed Cannabis Turns Iconic Strip Club Into Dispensary](https://www.cannabisbusinesstimes.com/news/dazed-cannabis-retail-expansion-turns-strip-club-into-dispensary/)
[Union Square Travel Agency Announces a New Name, New Licensed Location in Brooklyn](https://www.cannabisbusinesstimes.com/news/union-square-travel-agency-announces-new-name-new-location/)
[Theory Wellness Opens Boston's First Employee-Owned Dispensary in Medford](https://www.cannabisbusinesstimes.com/news/theory-wellness-opens-dispensary-medford-massachusetts/) [](https://app.crbmonitor.com/businesses/12331)
[Can Mike Tyson Become a Heavyweight in the New York Marijuana Industry?](https://www.nytimes.com/2024/01/16/nyregion/mike-tyson-weed-cannabis-nyc.html)
[Indiva Announces Private Placement Under the Listed Issuer Financing Exemption up to $4M](https://www.businesswire.com/news/home/20240122384605/en/) [](https://app.crbmonitor.com/businesses/26418)
#### International
[Netherlands Joins Cannabis Regulators Association](https://static1.squarespace.com/static/5f7e577e23ad7c718c269776/t/65aeb1ed36fec0795b4bcef8/1705947629634/Press+Release_New+Board+Members_Netherlands_FINAL.1.22.24.pdf)
[Ukraine might depend on cannabis imports for years before local production is ready](https://mjbizdaily.com/ukraine-might-depend-on-cannabis-imports-for-years/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=290523026&_hsenc=p2ANqtz-9i19L-12LG9lGNNts13lcjYl1pGgxzsGJkjczz0cLHSSoFvqkEFOi_3LdRKGenboyXIRkK6LSuzuuwPU-P4o--XLqmIVBEwB6TDUnx9MjvuUD05qc&utm_content=290523026&utm_source=hs_email)
[Ontario’s new cannabis store ownership cap expected to boost M&A](https://mjbizdaily.com/ontario-cannabis-store-ownership-cap-expected-to-boost-consolidation/)
[Panama awards licenses to 7 medical cannabis businesses](https://mjbizdaily.com/panama-awards-7-medical-cannabis-licenses/)
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