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CRB Monitor | Weekly Update | January 29 - February 2, 2024
Published on February 7, 2024

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


1A MRB-020524
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 

1B MRB-020524
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.

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News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px indicate links to licensed business profiles in the CRB Monitor database.

Adverse Media

Judge increases penalty from $100K to $17M for Eaze consultant convicted of credit card fraud logo_color_markonly 20px


After Adult-Use Market Launch, Residency Challenge Comes to Maryland logo_color_markonly 20px
Court Denies Bid To Halt NY Cannabis Retail Licensure logo_color_markonly 20px logo_color_markonly 20px
Cannabis Organization Tells 4th Circ. Hemp Wares Unlawful And Unsafe 
Pot Licensing Dustup Dropped From Federal Court For Now logo_color_markonly 20px
NY lawsuit claims Cookies broke exclusive marijuana licensing deal logo_color_markonly 20px logo_color_markonly 20px logo_color_markonly 20px
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 logo_color_markonly 20px
Pot Merchant Must Pay Partner $6.4M Over Ownership Spat logo_color_markonly 20px logo_color_markonly 20px
Planet 13 sues Casa Verde for fraud in sprawling cannabis financial dispute logo_color_markonly 20px logo_color_markonly 20px

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

Licensing Related

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 logo_color_markonly 20px
Akanda Corp. Announces Registered Direct Offering Priced At-the-Market Under Nasdaq Rules logo_color_markonly 20px 
Stash Ventures buys 11 stores from Michigan competitor logo_color_markonly 20px
Marijuana multistate operator MedMen initiates more corporate layoffs logo_color_markonly 20px
4Front Ventures Corp. Closes Transformational Senior Secured Debt to Equity Conversion logo_color_markonly 20px
Aurora Cannabis Inc. intends to consolidate shares to restore compliance with Nasdaq rules logo_color_markonly 20px


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 logo_color_markonly 20px
Organigram Completes First Shipment to Germany, Extending its International Reach logo_color_markonly 20px
Malta's first legal cannabis club begins operating

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