--- title: CRB Monitor | Weekly Update | July 1 - July 7, 2023 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-071023.png --- [![CRB Monitor](https://www.crbmonitor.com/hubfs/Crbmonitor%20-%20December2019/Images/logo.svg "CRB Monitor")](https://www.crbmonitor.com/) Close ## Request More Info We'd love to hear from you! Let us know how we can help. # RESOURCES | Data Updates | Regulatory CRB Monitor | Weekly Update | July 1 - July 7, 2023 ##### Published on July 12, 2023 # Week of July 1 - July 7, 2023 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 (July 1 - July 7, 2023):       73,002 1A MRBs + 3,704 1B MRBs = 76,706 total ### 1A MRBs *![1A MRB-071023](https://www.crbmonitor.com/hs-fs/hubfs/1A%20MRB-071023.png?width=468&height=281&name=1A%20MRB-071023.png) 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-071023](https://www.crbmonitor.com/hs-fs/hubfs/1B%20MRB-071023.png?width=468&height=281&name=1B%20MRB-071023.png) 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 *![MBL-071023](https://www.crbmonitor.com/hs-fs/hubfs/MBL-071023.png?width=468&height=343&name=MBL-071023.png) Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.* ### Beneficial Owners Count *![BOR-071023](https://www.crbmonitor.com/hs-fs/hubfs/BOR-071023.png?width=468&height=281&name=BOR-071023.png) 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. * [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 ![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png) indicate links to licensed business profiles in the CRB Monitor database.* #### Mergers & Acquisitions [Curaleaf buys Portuguese cannabis processing facility from Clever Leaves](https://mjbizdaily.com/curaleaf-buys-portuguese-cannabis-processing-facility-from-clever-leaves/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/562) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/41981) [TerrAscend buying Maryland marijuana dispensary for $8 million](https://mjbizdaily.com/terrascend-buying-maryland-marijuana-dispensary-for-8-million/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/11623) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/12778) [Altria-backed cannabis producer Cronos explores sale](https://www.reuters.com/markets/deals/altria-backed-cannabis-producer-cronos-explores-sale-sources-2023-07-06/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/11605) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/562) #### Adverse Media [Michigan Edibles Maker Sky Labs Fined $100k, Loses Medical Cannabis License](https://www.greenmarketreport.com/michigan-edibles-maker-fined-100k-loses-medical-license/)[![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/36850) [Voluntary recall of Golden Shores products due to noncompliant creation, packaging](https://www.michigan.gov/cra/-/media/Project/Websites/cra/bulletin/1Public-Health-an-Safety-Advisory/Public-Health-and-Safety-Advisory---Voluntary-Recall---Weed-Bar_Final.pdf?rev=2b24519d882d43f1b9c58463fc324cef&hash=D5A62E50C492302F22715200FF914A7D)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/39668) [Akanda Corp. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency](https://www.businesswire.com/news/home/20230706448011/en/Akanda-Corp.-Receives-Nasdaq-Notification-Regarding-Minimum-Bid-Price-Deficiency/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/53744) #### Litigation [Principals of cannabis brand Cookies sued by another former partner](https://mjbizdaily.com/principals-of-cannabis-brand-cookies-sued-by-another-former-partner/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/33609) [Hopeful medical cannabis supplier joins AMCC as defendant in licensure process suit](https://www.alreporter.com/2023/07/06/hopeful-medical-cannabis-supplier-joins-amcc-as-defendant-in-licensure-process-suit/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/78085) [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/78092) [Judge rejects counterproposal for cannabis firm Fire & Flower sale process](https://mjbizdaily.com/judge-rejects-counterproposal-for-cannabis-firm-fire-flower-sale-process/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/26285) [Oklahoma Medical Pot Operators Call New Fees Unconstitutional](https://www.law360.com/cannabis/articles/1696287?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-06&nlsidx=0&nlaidx=2)  [Wrigley Heir, Cannabis Co. Must Face $25M Investor Suit](https://www.law360.com/cannabis/articles/1696314?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-06&nlsidx=0&nlaidx=3)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/495) [Oreo Owner Sends Cease-and-Desist Order to Cannabis Growers](https://www.westword.com/marijuana/oreo-owner-sends-cease-and-desist-order-to-marijuana-growers-over-oreoz-strain-17258905) [TransCanna CEO Seeks To Toss $1.2M Contract Dispute Judgment](https://www.law360.com/cannabis/articles/1696717?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-10&nlsidx=0&nlaidx=2)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/26863) #### Legalization & Regulation [OH Adult-Use Ballot Measure Submitted; MD Launches Adult-Use Sales](https://www.crbmonitor.com/resources/oh-adult-use-ballot-measure-submitted-md-launches-adult-use-sales) [Virginia: Changes to Medical Cannabis Laws Take Effect](https://norml.org/blog/2023/07/05/virginia-changes-to-medical-cannabis-laws-take-effect/)  [Colorado regulators published an overview of marijuana-related legislation enacted this session](https://sbg.colorado.gov/sites/sbg/files/documents/Final_MED%20Marijuana%20Legislation%20Summary_0.pdf) [NE Activists Launch Signature Gathering For 2024 Medical Marijuana Legalization Ballot Initiatives](https://www.marijuanamoment.net/nebraska-activists-launch-signature-gathering-for-2024-medical-marijuana-legalization-ballot-initiatives/) [California marijuana enforcement ramps up search warrants, seizures](https://mjbizdaily.com/california-marijuana-enforcement-ramps-up-search-warrants-seizures/) [Bipartisan Pennsylvania Senators Unveil New Marijuana Legalization Bill](https://www.marijuanamoment.net/bipartisan-pennsylvania-senators-unveil-new-marijuana-legalization-bill/) [Marijuana Banking Bill Signed Into Law By Missouri Governor](https://www.marijuanamoment.net/marijuana-banking-bill-signed-into-law-by-missouri-governor/) [FL Governor Signs Bill Banning Hemp Chewing Gum, Other Cannabis Products For People Under 21](https://www.marijuanamoment.net/desantis-signs-bill-banning-hemp-chewing-gum-and-other-cannabis-products-for-people-under-21-in-florida/) #### Licensing Related [Alabama Medical Cannabis Commission plans to redo license awards on August 10](https://www.al.com/news/2023/07/alabama-medical-cannabis-commission-plans-to-redo-license-awards-on-august-10.html) [New Mexico Cannabis Industry Calls on Regulators to Pause Licensing Amid ‘Extreme Instability’](https://www.cannabisbusinesstimes.com/news/new-mexico-cannabis-industry-calls-on-regulators-to-pause-licensing/) [Hochul pumps brakes on legal weed sales at New York farmers’ markets](https://nypost.com/2023/07/05/hochul-pumps-brakes-on-legal-weed-sales-at-new-york-farmers-markets/) [CA Regulators Say Professional Technical Union, Local 33 is Not a Bona Fide Labor Organization](https://mailchi.mp/cannabis.ca.gov/important-california-agricultural-labor-relations-board-alrb-determination-re-professional-technical-union-local-33-pro-tech-33?e=83c46ed1b5) #### Markets [CRB Monitor Chart of the Month: Debt Ratio](https://www.crbmonitor.com/resources/chart-of-the-month-debt-ratio-0-0) [Marijuana ancillary company Agrify consolidates Nasdaq-listed shares](https://mjbizdaily.com/marijuana-ancillary-company-agrify-consolidates-nasdaq-listed-shares/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/48500)  [MedMen Appoints New CEO, Chief Financial Officer](https://www.cannabisbusinesstimes.com/news/medmen-new-ceo-ellen-deutsch/)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/11603) [Denver regulators release annual marijuana report](https://www.denvergov.org/files/assets/public/business-licensing/documents/marijuana-annual-report-2023.pdf)  [AYR Wellness Announces Refinancing of Gainesville Cultivation Facility Mortgage](https://www.globenewswire.com/news-release/2023/07/07/2701000/0/en/AYR-Wellness-Announces-Refinancing-and-Upsizing-of-Gainesville-Cultivation-Facility-Mortgage.html)  [![logo_color_markonly 20px](https://www.crbmonitor.com/hs-fs/hubfs/logo_color_markonly%2020px.png?width=20&height=17&name=logo_color_markonly%2020px.png)](https://app.crbmonitor.com/businesses/26039) #### International [Germany publishes first draft law for recreational cannabis](https://mjbizdaily.com/germany-publishes-first-draft-law-for-recreational-cannabis/)   ### Most Popular ### Subscribe For Updates ## Explore how CRBMonitor can simplify your cannabis-related compliance challenges. 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