Week of January 20 - January 26, 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 20 - January 26, 2024):
75,843 1A MRBs + 3,920 1B MRBs = 79,763 total
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.
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.
Premier Cannabis in Vassar, MI fined more than $200K, to suspend operations for a month
MI regulators publish December report on disciplinary actions taken against marijuana businesses
CA Court approves $1.75 million settlement for cannabis cultivator’s environmental violations
NLRB Official Says St. Louis Pot Workers Aren't In Agriculture
Judge directs Alabama Medical Cannabis Commission members to testify on licensing procedures
Va. Tells 4th Circ. Hemp Law Not Preempted By Farm Bill
DOJ Tells Court Not to ‘Disrupt’ Marijuana Rescheduling by Allowing Industry Lawsuit to Proceed
Miss. Beats 1st Amendment Challenge To Cannabis Ad Ban
Interstate cannabis commerce lawsuit dropped in Oregon
Central NY business files lawsuit accusing New York cannabis office of bias against white men
Massachusetts cannabis company wins $1.2M settlement in 'impact fee' lawsuit
Maryland Pot Regulators' Social Equity Plan Challenged In New Suit
Legalization & Regulation
Oklahoma’s Proposed Regulations Drop RFID Tags Requirement
Bipartisan bills call for state to share liquor, cannabis revenues with local governments
Virginia Senate Committee Advances Marijuana Sales Bill Ahead Of Impending Deadline
Delaware House Votes To Let Patients 65+ Self-Certify Without Doctors
Illinois regulators extended the operational deadline for craft cannabis growers
New Hampshire Lawmakers Clash Over Competing Marijuana Legalization Proposals
The National Conference of State Legislatures post an overview of U.S. cannabis employment laws
State Agriculture Departments Across U.S. Push Congress To Triple The THC Limit For Hemp
NJ Cannabis Regulatory Commission Approves Regulations for Consumption Lounges
WA Lawmakers Advance Homegrow Bill, Nix Ban of High-THC Products to People Under 25
Mergers and Acquistions
BZAM Announces Departure of its Chief Financial Officer
Trulieve Magnolia Employees Unionize in First-Ever Election for AZ Cannabis Agriculture Workers
MedMen Enterprises Inc.'s CEO and executive chairman stepped down
Organigram Announces the First Tranche Closing from BAT Investment
Marijuana MSOs focusing on wholesale growth in 2024
Marijuana operator The Cannabist Co. buying back $25 million in debt
Verano Opens Its Largest Dispensary Nationwide in Philadelphia Area
High Tide To Open First Canna Cabana Store in Fort McMurray, Alberta
Ohio cannabis summit focuses on possibilities, challenges of adult-use market
How many cannabis stores in Canada closed in ’23? Data paints rough picture
Israel opens “anti-dumping” investigation into cannabis imports from Canada
Cannabis and the capital markets: Q&A with Canadian Securities Exchange CEO Richard Carleton
Germany to legalize marijuana by April, top official says
Medical cannabis licences made more affordable for Antiguans and Barbudans