Week of January 6 - January 12, 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 6 - January 12, 2024):
75,796 1A MRBs + 3,907 1B MRBs = 79,703 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.
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
NM Fines Two Licensed Cultivators $1M Each, Revokes Licenses
Recalls issued for 2 cannabis products in California
Hemp Co. Exec Gets 6½ Years In $1.8M Investor Fraud Case
Litigation
Residency Challenge Hits a Speed Bump in WA, While Returning to New York
Judge tosses lawsuits stemming from Michigan’s largest-ever marijuana recall
Cannabis Corp. Quit Paying Investor and Misstated Sales, Suit Says
A conspiracy with Alabama medical cannabis licenses?
Legalization & Regulation
The Unredacted HHS Docs
12 State Attorneys General Tell DEA To Reschedule Marijuana As ‘Public Safety Imperative’
Despite 2023 marijuana enforcement criticism, Oklahoma won’t back down
No tax relief for California cannabis operators in governor’s initial budget
New Washington DC legislation targets unlicensed cannabis shops
8th pot bill in SD to strike legal protections for industry
Ark. marijuana group pitches ballot measure for more patient access, triggered adult-use
Gun groups not sold on cannabis banking bill
Oregon regulators delay the implementation of rules on batch tagging of plants
Top Republicans Investigating Spread Of Chinese-Backed Marijuana Farms In United States
New Jersey lawmakers filed dozens of drug policy reform bills for the 2024 session
Oregon regulators publish updated compliance bulletin on marijuana and hemp rules
Washington Lawmakers Introduce New Bill To Legalize Home Marijuana Cultivation
Virginia Bills Would Legalize Recreational Marijuana Sales In 2024
Delaware House Committee Approves Bill To Significantly Expand Medical Marijuana Program
California Lawmaker Revives Bill To Legalize Marijuana Cafes Months After Governor’s Veto
Licensing Related
More California licensed cannabis labs approved to test flower
Judge quashes Montana law creating escalating cannabis licensing fees
Markets
Ascend Wellness Opens 5th Ohio Dispensary
The Cannabist Company Announces Leadership Transition
Trulieve Announces Appointment of Marie Zhang as Chief Operating Officer