--- title: CRB Monitor | Weekly Update | July 29 - Aug 4, 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%20073123.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 29 - Aug 4, 2023 ##### Published on August 9, 2023 # Week of July 29 - August 4, 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 29 - August 4, 2023):       73,338 1A MRBs + 3,787 1B MRBs = 77,125 total ### 1A MRBs *![1A MRB 080823](https://www.crbmonitor.com/hs-fs/hubfs/1A%20MRB%20080823.png?width=468&height=281&name=1A%20MRB%20080823.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 080823](https://www.crbmonitor.com/hs-fs/hubfs/1B%20MRB%20080823.png?width=468&height=281&name=1B%20MRB%20080823.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 080823](https://www.crbmonitor.com/hs-fs/hubfs/MBL%20080823.png?width=468&height=343&name=MBL%20080823.png) Note: Inactive licenses, unlicensed, and unknown licenses have been excluded. * ### Beneficial Owners Count *![BOR 080823](https://www.crbmonitor.com/hs-fs/hubfs/BOR%20080823.png?width=468&height=281&name=BOR%20080823.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 [Failed Cresco-Columbia Care Merger Ices Combs’ Cannabis Deal](https://www.crbmonitor.com/resources/failed-cresco-columbia-care-merger-ices-combs-cannabis-deal)  [![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/25845) [Avicanna completes marijuana unit acquisition from Shoppers Drug Mart ](https://mjbizdaily.com/avicanna-completes-marijuana-unit-acquisition-from-shoppers-drug-mart/)  [![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/26035) [![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/12948) [Story Cannabis Co. acquires four-store chain in Arizona](https://mjbizdaily.com/story-cannabis-co-acquires-four-store-chain-in-arizona/)  [![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/16667) [![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/100363) #### Adverse Media [NM Regulators Want Sawmill Sweetleaf Shut Down For Illegal Sales, Extractions](https://www.law360.com/cannabis/articles/1707342)  [![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/61986) [![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/62554) [Denver Launches Crackdown on Unlicensed Cannabis Consumption Lounges](https://www.greenmarketreport.com/denver-launches-crackdown-on-unlicensed-cannabis-consumption-lounges/)  [Hemp Workers Score $243K Default Win For Missing Pay](https://www.law360.com/cannabis/articles/1706417)  [New York state shuts down first unlicensed marijuana dispensaries](https://spectrumlocalnews.com/nys/central-ny/news/2023/07/31/new-york-state-shuts-down-first-unlicensed-marijuana-dispensaries)  [Israeli, German operator IM Cannabis gets Nasdaq price warning](https://mjbizdaily.com/medical-marijuana-operator-im-cannabis-gets-nasdaq-price-warning/)  [![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/26410) #### Litigation [State Appeals Court Revives Burner Distro Lawsuit Against CA](https://www.crbmonitor.com/resources/state-appeals-court-revives-burner-distro-lawsuit-against-ca)  [![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/2476) [New York Judge Halts Retail Marijuana Licensing After Military Veterans Sue](https://www.greenmarketreport.com/new-york-judge-halts-retail-marijuana-licensing-after-military-veterans-sue/) [Judge tosses Michigan marijuana lawsuit because MJ is federally illegal](https://mjbizdaily.com/judge-tosses-michigan-marijuana-lawsuit-because-plant-is-federally-illegal/)  [![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/8206) [Metrc Says Dispensary's Suit Has Got It Wrong](https://www.law360.com/cannabis/articles/1706702)  [![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/4907) [LA Judge Lets Most THC Testing Lawsuit Claims Proceed](https://www.law360.com/cannabis/articles/1706467)  [![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/34399) [California Cannabis Farmers Hoping Supreme Court Will Hear Corruption Cases](https://www.greenmarketreport.com/california-cannabis-farmers-hoping-supreme-court-will-hear-corruption-cases/)  #### Legalization & Regulation [Long shot effort to repeal medical marijuana in South Dakota launches](https://mjbizdaily.com/effort-to-repeal-medical-marijuana-in-south-dakota-launches/)  [Ohio Activists Turn in Final Signatures for Legalization Initiative](https://www.marijuanamoment.net/ohio-activists-turn-in-final-signatures-to-put-marijuana-legalization-on-november-ballot-after-falling-short-in-prior-submission/) [Massachusetts marijuana regulatory agency ‘in crisis’ as chief quits](https://mjbizdaily.com/massachusetts-marijuana-regulatory-agency-in-crisis-as-chief-quits/) [Florida marijuana legalization campaign is Trulieve monopoly push, state says](https://mjbizdaily.com/florida-marijuana-legalization-campaign-is-monopoly-push-state-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/511) [Tribe opens adult-use marijuana store as Minnesota legalization begins](https://mjbizdaily.com/tribe-opens-adult-use-marijuana-store-as-minnesota-legalization-begins/) [Maine Governor Signs Bill Allowing for State Business Tax Deductions](https://www.marijuanamoment.net/maine-governor-signs-bill-allowing-state-level-marijuana-business-tax-deductions-that-are-prohibited-under-federal-irs-280e-code/) [Online Cannabis Sales Take Effect in Colorado](https://www.marijuanamoment.net/colorado-law-allowing-online-marijuana-sales-officially-takes-effect/) [Federal Standards Handbook Adds Sections for Cannabis Packaging, Labeling and Storage](https://www.marijuanamoment.net/federal-standards-handbook-is-getting-new-sections-on-cannabis-packaging-labeling-and-storage/) [Top Alabama Medical Marijuana Regulator Resigns Amid Controversy](https://www.marijuanamoment.net/top-alabama-medical-marijuana-regulator-resigns-amid-lawsuits-and-licensing-controversy/) [Former FDA Regulator Predicts Cannabis Rescheduling This Year](https://www.greenmarketreport.com/former-fda-regulator-predicts-cannabis-rescheduling-this-year/) [Hemp retailers start seeing big fines as Virginia’s tougher THC law takes effect](https://www.virginiamercury.com/2023/08/01/hemp-retailers-start-seeing-big-fines-as-virginias-tougher-thc-law-takes-effect/) [Small marijuana businesses take advantage of purported 280E loophole](https://mjbizdaily.com/small-marijuana-businesses-take-advantage-of-purported-280e-loophole/) #### Licensing Related [Verano to Open Six Social Equity Joint Ventures in Connecticut](https://www.greenmarketreport.com/verano-to-open-six-social-equity-joint-ventures-in-connecticut/)  [![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/12729) #### Markets [Illinois Sets Record with $140M in Recreational Sales](https://www.marijuanamoment.net/illinois-sets-2023-marijuana-sales-record-with-140-million-in-recreational-purchases-in-july/) [Study: 'Vast Majority' of Hemp Delta-9 Goods Illegally Modified](https://www.greenmarketreport.com/study-vast-majority-of-hemp-delta-9-goods-illegally-modified/)  [Former MN Gov. Jesse Ventura Plans to Launch His Own Marijuana Brand](https://www.marijuanamoment.net/former-minnesota-governor-jesse-ventura-plans-to-launch-his-own-marijuana-brand-as-states-legalization-law-takes-effect/) [Financier Pelorus Capital Group prices cannabis real estate securitization](https://mjbizdaily.com/financier-pelorus-capital-group-prices-cannabis-real-estate-securitization/) [MD Marijuana Sales Reach Record High Of $87 Million In First Month Of Adult-Use Legalization](https://www.marijuanamoment.net/maryland-marijuana-sales-reach-record-high-of-87-million-in-first-month-of-adult-use-legalization/) [Policy Tweaks Crucial to Unlock State Marijuana Revenues, Moody’s Says](https://finance.yahoo.com/news/policy-tweaks-crucial-unlock-state-192716017.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKXWSf_LfQ9y14C33YVIlQD5pYGwF6XWeOyQkF59AcS38MbcmxpoMvz1pAl8es5YjBj4maIpVZCTc1G4X2QUrH1craLQ4U5GV2wmwfzg-Lhc8aCcTGfQce9EZiBMUbP6YcI7bVavr4HrhgLiJjW8SPKsJ7Y4Y7NUcjlzZGyZ1EW5&guccounter=2) #### International [Canadian government among top unpaid creditors of failed cannabis businesses](https://mjbizdaily.com/canadian-government-among-top-unpaid-creditors-of-failed-cannabis-businesses/) ### Most Popular ### Subscribe For Updates ## Explore how CRBMonitor can simplify your cannabis-related compliance challenges. 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