Week of March 2 - March 8, 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?
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Hashing Out the Truth
CRB Monitor’s database growth by the numbers.
Tier 1 Marijuana-Related Business Counts
Weekly Summary (March 2-March 8, 2024):
76,093 1A MRBs + 3,948 1B MRBs = 80,041 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
Colorado regulators issue advisory about potentially contaminated DSA products
Unlicensed D.C. cannabis gifting shop raided despite starting transition to the legal market
California Regulators Recall Passiflora Flower
Litigation
Cannabis ‘cash management’ firm accused of stealing millions, flouting money laundering rules
Appellate Court Rules CA District Court Must Weigh In on Commerce Clause and Cannabis
New York hemp companies sue to overturn new state rules
Missouri Supreme Court case could result in ‘dozens’ of new marijuana business licenses
Colorado Dispensary And Tracking Vendor Settle Fee Suit
Colorado Judge Sends Pot Co. Receivership Dispute To Arbitration
Worker Claims Pineapple Express Retaliated for Spotting Bad Policies
Washington Business Can't Get Pot License Back After Eviction
3rd Circuit Questions Who Can Sue Under NJ Cannabis Law
Another Lawsuit May Delay Maryland Licensing
Legalization & Regulation
California county’s voters reject measure restricting marijuana cultivation
Virginia legislative session ends without governor signing adult-use marijuana bill
MN has new enforcement plan as tests confirm hemp retailers have sold marijuana
DEA Officials Reportedly At Odds With Biden Admin Over Marijuana Rescheduling Push
Biden Again Proposes Blocking Marijuana Sales In D.C. In Budget
Washington State Eliminates Medical Cannabis Taxation
Louisiana Lawmakers Eyeing Legal Marijuana Use and Growing during 2024 Regular Session
Kentucky could see medical marijuana changes, including opt-outs, more conditions allowed
NH House passes bills to expand medical marijuana, future of legalization uncertain
MN Officials Push Marijuana Law Changes to Speed Market Launch, Address Use on Public Lands
Florida Lawmakers Send Bill to Restrict Hemp Products and Ban Delta-8 THC to Governor
Hawaii Senate Passes Marijuana Legalization Bill
UN Body Reaffirms That Marijuana Legalization Violates International Treaties
Report shows inflated THC levels on cannabis products across Oklahoma
Bright Green Corp. Submits DEA Registration for Production of Schedule I, II Controlled Substances
Licensing Related
March 14 Date Set for Maryland Social Equity Lottery
CRA Warns of Scam Targeted at a Michigan Licensed Cannabis Business
Missouri to Begin Second Round of Microbusiness Licensing in April
Oregon to set cannabis license caps
Acquisitions & Mergers
BlueSky Wellness scraps merger with Lucy Scientific
Markets
MedMen shutters all but 2 of its California dispensaries
Maggie's Farm Shuts 5 of 8 Colorado Shops
Investing in Cannabis: Five Due Diligence Red Flags
Herbl receivership unloads 3 assets from marijuana distributor’s historic collapse
Cannabis firm BZAM granted creditor protection with massive unpaid tax bills
Supply chain challenges cause expensive build-out delays for MariMed
New Jersey surpasses 100 marijuana stores, projects $1 billion in sales
International
Netherlands irons out wrinkles in cannabis experiment ahead of full summer launch
German Lawmakers Recommend Marijuana Legalization Amendments