Week of January 29 - February 2, 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 29 - February 2, 2024):
75,854 1A MRBs + 3,925 1B MRBs = 79,779 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.
Judge increases penalty from $100K to $17M for Eaze consultant convicted of credit card fraud
After Adult-Use Market Launch, Residency Challenge Comes to Maryland
Court Denies Bid To Halt NY Cannabis Retail Licensure
Cannabis Organization Tells 4th Circ. Hemp Wares Unlawful And Unsafe
Pot Licensing Dustup Dropped From Federal Court For Now
NY lawsuit claims Cookies broke exclusive marijuana licensing deal
More legal challenges to New York marijuana licensing process
Texas Attorney General Sues 5 Cities Over Cannabis Policies
Alabama Medical Cannabis Commission fights deposition demands, joins applicant’s appeal
Medical Pot Firm Owes $1.5M In Lease Fees, Landlord Says
Pot Merchant Must Pay Partner $6.4M Over Ownership Spat
Planet 13 sues Casa Verde for fraud in sprawling cannabis financial dispute
Legalization & Regulation
VA House Committee Passes Marijuana Sales Bill That Would Open Some Retail Stores In January
A ‘loophole’ in Connecticut law has allowed THC seltzers to be sold in stores for months
Kentucky lawmaker introduces long-shot marijuana legalization bill
Delaware medical marijuana program expansion passes state House
Floridians struggling with illness decry the possibility of the state banning delta-8 hemp products
Hawaii AG’s Marijuana Legalization Bill Formally Lands In State Legislature
Maine bill seeks to help those formerly convicted of weed crimes benefit from legalization
California regulators posted a new form for cannabis surety bonds
Illinois regulators posted revised cannabis rules
Ohio Releases Proposed Rules for Adult-Use Applications
13 Counties Deemed to Be Underserved by Pennsylvania’s Medical Marijuana Program
Oregon regulators are launching a new marijuana licensing system on March 18
The social equity application period for retail stores in Washington D.C. opens Mar. 1
Oklahoma cannabis license numbers down by 27% since last year
Minnesota City Considers Opening The State’s First Government-Run Marijuana Store
First NBA And WNBA Teams To Partner With CBD Company Mynd Drinks
Auxly Completes Amendment And Extension Of Auxly Leamington Credit Facility
Akanda Corp. Announces Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Stash Ventures buys 11 stores from Michigan competitor
Marijuana multistate operator MedMen initiates more corporate layoffs
4Front Ventures Corp. Closes Transformational Senior Secured Debt to Equity Conversion
Aurora Cannabis Inc. intends to consolidate shares to restore compliance with Nasdaq rules
Germany’s Coalition Government Reaches Final Deal On Marijuana Legalization Bill
Israel’s new rules might spur growth in medical cannabis industry
Alberta cannabis retailers can now sell at special events
Village Farms starts building cannabis facility for Netherlands pilot program
Organigram Completes First Shipment to Germany, Extending its International Reach
Malta's first legal cannabis club begins operating