--- title: CRB Monitor | Weekly Update | July 15 - July 21, 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-072423.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 15 - July 21, 2023 ##### Published on July 26, 2023 # Week of July 15 - July 21, 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 15 - July 21, 2023):       73,228 1A MRBs + 3,718 1B MRBs = 76,946 total ### 1A MRBs *![1A MRB 072423-rev](https://www.crbmonitor.com/hs-fs/hubfs/1A%20MRB%20072423-rev.png?width=468&height=281&name=1A%20MRB%20072423-rev.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 072423-rev](https://www.crbmonitor.com/hs-fs/hubfs/1B%20MRB%20072423-rev.png?width=468&height=281&name=1B%20MRB%20072423-rev.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 072423-rev](https://www.crbmonitor.com/hs-fs/hubfs/MBL%20072423-rev.png?width=468&height=343&name=MBL%20072423-rev.png) Note: Inactive licenses, unlicensed, and unknown licenses have been excluded. Pre-licenses dropped the week of July 15 after Illinois awarded 55 licenses out of approximately 2,700 applicants.* ### Beneficial Owners Count *![BOR 072423-rev](https://www.crbmonitor.com/hs-fs/hubfs/BOR%20072423-rev.png?width=468&height=281&name=BOR%20072423-rev.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 [Philip Morris buying Israeli cannabis firm for up to $650M, report says](https://mjbizdaily.com/philip-morris-buying-israeli-cannabis-firm-for-up-to-650m-report-says/)  [![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/26651) #### Adverse Media [Michigan Regulators Announce Voluntary Recall of Sky Labs Vapes](https://www.michigan.gov/cra/-/media/Project/Websites/cra/bulletin/1Public-Health-an-Safety-Advisory/Public-Health-and-Safety-Advisory---Marijuana-Consumer-Alert--Flight-Vapes--FINAL.pdf)  [![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) [Parallel/Goodblend Exiting Pennsylvania Marijuana Market After Defaulting on Rent](https://www.law360.com/cannabis/articles/1702534?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-25&read_main=1&nlsidx=0&nlaidx=0)  [![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/40655) [![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/24478) [Curaleaf, citing slow rollout of cannabis sector, lays off 49 at Winslow, NJ, production facility](https://www.roi-nj.com/2023/07/18/lifestyle/curaleaf-citing-slow-rollout-of-cannabis-sector-lays-off-49-at-winslow-production-facility/)  [![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/12725) [Calif. Pot Bribe Sentence Should Send Message, Feds Say](https://www.law360.com/cannabis/articles/1701616?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-20&read_main=1&nlsidx=0&nlaidx=7)  [![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/individuals/142025) [Fitch Upgrades Then Withdraws Ratings for Canopy](https://www.greenmarketreport.com/fitch-upgrades-then-withdraws-ratings-for-canopy/)  [![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/11598) [ETF Managers CEO Masucci Resigns Amid SEC Investigation](https://www.etf.com/sections/news/etf-managers-ceo-masucci-resigns-amid-sec-investigation)  [![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/26259) #### Litigation [Hemp businesses sue Maryland for 'monopolizing' recreational pot licensing process](https://foxbaltimore.com/news/local/hemp-businesses-sue-maryland-for-monopolizing-recreational-pot-licensing-process) [Cannabis brand Cookies sued by another investor group](https://mjbizdaily.com/cannabis-brand-cookies-sued-by-another-investor-group/)  [![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) [![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/68179) [![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/individuals/81215) [![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/individuals/81160) [Marijuana MSO Cresco Labs alleges GTI poached key employee](https://chicago.suntimes.com/business/2023/7/20/23802564/chicago-weed-giants-locked-in-legal-fight-with-cresco-labs-claiming-gti-poached-a-valued-worker)  [![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/15207) [![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/11628) [Trulieve Cannabis, Black entrepreneur trade barbs over alleged $24M debt](https://mjbizdaily.com/trulieve-cannabis-black-entrepreneur-trade-barbs-over-alleged-24m-debt/)  [![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/511) [![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/10802) [Kush Alley, MVN Productions Try To Move Toxic Chemical Claims To Arbitration](https://www.law360.com/cannabis/articles/1702002?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-24&read_main=1&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/31409) [![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/29254) [Judge OKs Deal Ending Pa. 'Your CBD Stores' Lawsuit](https://www.law360.com/cannabis/articles/1702222?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-24&read_main=1&nlsidx=0&nlaidx=1)  [![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/27165) [Court OKs Sale Of Los Angeles Pot Co.'s Retail License to Off the Charts](https://www.law360.com/cannabis/articles/1701019?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-20&read_main=1&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/74739) [![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/47053) [Calif. Couple Asks U.S. Supreme Court To Revisit Cannabis Policy Ruling](https://www.law360.com/cannabis/articles/1700354?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-07-18&read_main=1&nlsidx=0&nlaidx=0)  #### Legalization & Regulation [New York Senator Introduces Legislation to Prohibit the Public Use of Marijuana](https://www.nysenate.gov/newsroom/press-releases/2023/george-m-borrello/senator-george-borrello-introduces-legislation) [North Carolina Indian Tribe Puts Marijuana Legalization On The Ballot](https://www.marijuanamoment.net/north-carolina-indian-tribe-puts-marijuana-legalization-on-the-ballot/)  [Florida Legalization Campaign Hits Back at Attorney General’s Push to Block Initiative from Ballot](https://www.marijuanamoment.net/florida-marijuana-campaign-hits-back-at-attorney-generals-push-to-block-legalization-from-2024-ballot-in-new-supreme-court-brief/) [Congressional Committee Schedules Hearing To Press FDA On Lack Of CBD Regulations](https://www.marijuanamoment.net/congressional-committee-schedules-hearing-to-press-fda-on-lack-of-cbd-regulations-next-week-as-bipartisan-lawmakers-file-bills-to-address-the-issue/) [Virginia regulators filed changes to rules, fees for medical cannabis businesses](https://register.dls.virginia.gov/vol39/iss24/v39i24.pdf) [Nevada marijuana companies cite big wins from legislative session](https://mjbizdaily.com/nevada-marijuana-companies-cite-big-wins-from-legislative-session/) #### Licensing Related [New York OKs farmers market cannabis sales, hundreds of retail licenses](https://mjbizdaily.com/new-york-oks-farmers-market-cannabis-sales-hundreds-of-retail-licenses/) [NJ Regulators Scale Back Rule To Prioritize People With Convictions In Licensing For A Year](https://www.marijuanamoment.net/new-jersey-marijuana-regulators-scale-back-rule-to-prioritize-people-with-convictions-in-licensing-for-a-year/) [NJ-CRC Approves 91 New Jersey Adult Use Cannabis Licenses](https://headynj.com/nj-crc-approves-91-new-jersey-adult-use-cannabis-licenses/) #### Markets [Missouri cannabis microbusiness license application process opens Thursday](https://health.mo.gov/news/newsitem/uuid/1122de12-072c-4b97-9ad7-47a959627163/cannabis-microbusiness-license-application-process-opens-thursday) [States Report Mixed Results for Cannabis Sales in Q2](https://www.greenmarketreport.com/cannabis-seasonal-sales-bounce-sees-mixed-results-across-states/)   [Trulieve Announces Appointment of Ryan Blust as Interim Chief Financial Officer](https://www.prnewswire.com/news-releases/trulieve-announces-appointment-of-ryan-blust-as-interim-chief-financial-officer-301882739.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/13623) [New York City Seeks Private Lenders For New Marijuana Fund To Promote Industry Equity](https://www.marijuanamoment.net/new-york-city-seeks-private-lenders-for-new-marijuana-fund-to-promote-industry-equity/)  #### International [Canadian government to start testing legal, illegal marijuana](https://mjbizdaily.com/canadian-government-to-start-testing-legal-illegal-marijuana/)  [Albania passes medical marijuana law](https://mjbizdaily.com/albania-passes-medical-marijuana-law/) [Luxembourg’s Marijuana Legalization Law Will Take Effect This Week, Government Says](https://www.marijuanamoment.net/luxembourgs-marijuana-legalization-law-will-take-effect-this-week-government-says/)   ### Most Popular ### Subscribe For Updates ## Explore how CRBMonitor can simplify your cannabis-related compliance challenges. 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