---
title: CRB Monitor | Weekly Update | March 16 - March 22, 2024
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-032624.png
---
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# RESOURCES | Data Updates | Regulatory
CRB Monitor | Weekly Update | March 16 - March 22, 2024
##### Published on March 28, 2024
# Week of March 16 - March 22, 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 (March 16-March 22, 2024):
75,979 1A MRBs + 3,998 1B MRBs = 79,977 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.
*
[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  indicate links to licensed business profiles in the CRB Monitor database.*
#### Adverse Media
[Michigan CRA Issues Four License Suspensions](https://news.crbmonitor.com/2024/03/michigan-cra-issues-four-license-suspensions/) [](https://app.crbmonitor.com/businesses/14776) [](https://app.crbmonitor.com/businesses/13317) [](https://app.crbmonitor.com/businesses/13346) [](https://app.crbmonitor.com/businesses/15756)
[UpNorth Distribution’s Maui-Wowie Flower Recalled in California](https://cannabis.ca.gov/resources/cannabis-recalls-and-safety-notices/upnorth-maui-wowie/) [](https://app.crbmonitor.com/businesses/3625)
[NM Recalls Pharmers Concentrates Because of Prohibited Pesticides](https://www.rld.nm.gov/2024/03/22/consumer-health-and-safety-advisory-cannabis-control-division-recalls-cannabis-concentrates-sold-at-got-greens/) [](https://app.crbmonitor.com/businesses/51757)
[OrganiGram ‘assessing options’ after unfavorable ruling on cannabis edibles](https://mjbizdaily.com/organigram-assessing-options-after-unfavorable-ruling-on-cannabis-edibles/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=299869596&_hsenc=p2ANqtz-8oYzsf8WM-ECz9cybjjbpP5aufGkdcr_giUIKAKcSXW00Gf439xniBSBoyhjyUY9FyiwhynGwSILDiO1qFso4H_-99ZUnm4wbAQrmEVxDU95pDXP8&utm_content=299869713&utm_source=hs_email) [](https://app.crbmonitor.com/businesses/1700)
[Maryland fines cannabis dispensary, Cannabus, for failing to report ownership changes](https://outlawreport.com/maryland-fines-cannabis-dispensary-for-failing-to-report-ownership-changes/) [](https://app.crbmonitor.com/businesses/12751)
[SEC Says Cannabis Investment Fund Was $500K Scheme](https://www.law360.com/cannabis/articles/1817344)
#### Litigation
[Pot Co. Investor Gets Colo. Contract Breach Suit Revived](https://www.law360.com/cannabis/articles/1816208)
[Colo. Cannabis Dispensary Hit With Wage Theft Class Action](https://www.law360.com/cannabis/articles/1816181) [](https://app.crbmonitor.com/businesses/5590)
#### Legalization & Regulation
[10 Years of FinCEN Marijuana-Banking Guidance](https://news.crbmonitor.com/2024/03/10-years-of-fincen-marijuana-banking-guidance/)
[Lawmakers Receive Classified Briefing On Spread Of Chinese-Backed Marijuana Farms In the U.S.](https://www.dailywire.com/news/worrying-top-lawmakers-receive-classified-briefing-on-spread-of-chinese-backed-marijuana-farms-in-united-states)
[WA Governor Signs Law Exempting Medical Marijuana Patients From Paying Tax](https://www.marijuanamoment.net/washington-governor-signs-law-exempting-medical-marijuana-patients-from-paying-tax-on-specified-products/?)
[VA Asks Congress To Amend Medical Marijuana Bill For Veterans; Opposes Psychedelics Measure](https://www.marijuanamoment.net/watch-live-congress-holds-hearing-on-gop-led-medical-marijuana-and-psychedelics-bills-for-veterans/?)
[Colorado Marijuana and Hemp Bills of 2024](https://www.westword.com/marijuana/colorado-marijuana-hemp-psychedelics-bills-2024-20058480)
[SD Gov. Signs Bills Banning Chemically Modified Hemp Products, Strengthening Law Enforcement](https://news.sd.gov/news?id=news_kb_article_view&sys_id=f55ffce18785061014c3877acebb3503)
[21 State Attorneys General Push Congress To Regulate Intoxicating Hemp Products](https://www.marijuanamoment.net/21-state-attorneys-general-push-congress-to-regulate-intoxicating-hemp-products/?)
[New Kansas Senate Bill To Create Limited Medical Marijuana Pilot Program](https://www.marijuanamoment.net/new-kansas-senate-bill-to-create-limited-medical-marijuana-pilot-program-draws-early-criticism-from-advocates/?)
[Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo](https://www.marijuanamoment.net/marijuana-industry-cash-is-not-necessarily-suspicious-irs-says-in-new-guidance-memo/?)
[Virginia Budget Proposal Would Redirect Diversity Office Funds To Marijuana Business Loan Program](https://www.marijuanamoment.net/virginia-budget-proposal-would-redirect-diversity-office-funds-to-marijuana-business-loan-program-amid-dispute-over-equity/?)
[Federal Census Bureau Updates Marijuana Tax Revenue Map](https://www.marijuanamoment.net/federal-census-bureau-updates-marijuana-tax-revenue-map-showing-which-states-had-biggest-increases-and-decreases-last-quarter/?)
[USDA Approves Genetically Modified Hemp That Produces No THC Or CBD](https://www.marijuanamoment.net/usda-approves-genetically-modified-hemp-that-produces-no-thc-or-cbd/)
[Kentucky Senate Proposes Research Conditions for Funding the State's Medical Cannabis Office](https://www.usnews.com/news/best-states/kentucky/articles/2024-03-18/kentucky-senate-proposes-conditions-for-providing-funds-for-the-states-office-of-medical-cannabis)
#### Licensing Related
[Alabama Waits to Order a Stay on Licensing Amid Legal Drama](https://news.crbmonitor.com/2024/03/alabama-waits-to-order-a-stay-on-licensing-amid-legal-drama/)
[New Jersey Approved New Licenses in the Face of High Prices](https://news.crbmonitor.com/2024/03/ma-starts-scrutinizing-host-community-agreements-under-new-regs/)
[Montana Cannabis Regulators Approve Licensing Fee Reductions, Other Rule Changes](https://mtrevenue.gov/wp-content/uploads/dlm_uploads/2024/03/42-1072adp-arm.pdf)
#### Acquisitions & Mergers
[Curaleaf buying Canadian cannabis operator with eye on global markets](https://mjbizdaily.com/curaleaf-buying-canadian-cannabis-operator-northern-green-canada/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=299034700&_hsenc=p2ANqtz-_-EgWkesH6HsUbHNroT3IE6npNiuqw8-cWAnlYyT4wNJCoXG_ulXKVLIFl_4bGz3qCcngDABeJyvOKCoARwb8IQb45jVWqbWTEUlRrzcUznKzWdIk&utm_content=299036563&utm_source=hs_email) [](https://app.crbmonitor.com/businesses/562) [](https://app.crbmonitor.com/businesses/12371)
[Decibel selling Prairie Records marijuana stores to Fika; CEO to retire](https://mjbizdaily.com/decibel-selling-prairie-records-marijuana-stores-to-fika-ceo-to-retire/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=299869596&_hsenc=p2ANqtz--3_qSPRenMeMU5KPymZnM6CHcgqa9zkm1TKEVjLP8RM0FpO9Ur66QvNDAjXyE3UuoWiEH73P7W98npZfX33DsfJaiXeb0U6Za9X0vbqrB1eTxslMY&utm_content=299869713&utm_source=hs_email) [](https://app.crbmonitor.com/businesses/12933) [](https://app.crbmonitor.com/businesses/12349)
#### Markets
[Marijuana ETF shutting down not long after launch](https://mjbizdaily.com/subversive-cannabis-etf-shutting-down/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=299406545&_hsenc=p2ANqtz-_Jkcuo-O_zh6i4cy7uR5zvIUYaFNDik2ttVfZ0pQ5SUmM9x4xhaIHabfciCeK38GRgewzCTEGnejpxOsCh51Nmc8eDHerZJ7Dp26LnAHNqCjcYjUc&utm_content=299406528&utm_source=hs_email) [](https://app.crbmonitor.com/businesses/84844)
[AFC Gamma backs Florida’s Sunburn Cannabis with $34M](https://www.greenmarketreport.com/afc-gamma-backs-floridas-sunburn-cannabis-with-34m/) [](https://app.crbmonitor.com/businesses/47998) [](https://app.crbmonitor.com/businesses/70800)
#### International
[Germany Marijuana Legalization Law Will Take Effect On Schedule Next Month](https://www.marijuanamoment.net/germany-marijuana-legalization-law-will-take-effect-on-schedule-next-month-after-lawmakers-decline-to-delay-implementation/?)
[Tax reforms, pharmacy sales among Canada’s cannabis law review recommendations](https://mjbizdaily.com/canada-cannabis-act-review-suggests-excise-tax-reform-pharmacy-sales/?utm_campaign=MJBizDaily&utm_medium=email&_hsmi=299693531&_hsenc=p2ANqtz--NZz9vnLh7Fn5j1XZgcNRqSs7Hrg0Sotds873l2cQ0I9hXkDOvQtdkqlU1LYEjLxS4gc1ktd4qgBkJm6xOSXdm8tHcbxJXjcNTgw0PrkosBc7SykM&utm_content=299693531&utm_source=hs_email)
[Switzerland launches seventh adult-use cannabis pilot and largest to date](https://cannabishealthnews.co.uk/2024/03/20/switzerland-launches-largest-adult-use-cannabis-pilot/)
[Philippine medical cannabis bill reaches Senate plenary](https://www.pna.gov.ph/articles/1221236)
[Malawi Parliament to Debate Cannabis Farming](https://www.voanews.com/a/malawi-parliament-to-debate-cannabis-farming/7538900.html)
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