Week of March 23 - March 29, 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 23-March 29, 2024):
76,014 1A MRBs + 4,007 1B MRBs = 80,021 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
Cannabis Co. Consultant Barred From Penny Stock Trading
California Recalls Malibu Gold Flower for Inaccurate THC Content
SEC goes after Hypur Ventures founder Christopher Galvin
Cannabis Real Estate Firm Gets $20.2M In Fraud Verdict
Blüm Responds to Allegations of Child Molestation by Bernard Steimann
Litigation
Weed Investors' Money Shift Cost Co. Millions, Suit Says
'Better Made' Chips Goes After 'Better Smoke' Pot
Cookies cuts ties with its lone San Francisco marijuana store amid lawsuits
Calif. Pot Co. Glass House Seeks Toss Of Competition Suit
Split 9th Circ. Says Court Can Void Pot Co.'s TM Applications
Legalization & Regulation
Florida Supreme Court Allows Cannabis Adult-Use Initiative on November Ballot
Kansas Senators Kill Bill To Create Medical Marijuana Pilot Program
KY Budget Bill on Governor’s Desk Restricts Medical Marijuana Funding Ahead of Program Launch
DE Bill to Expand Medical Marijuana Access Heads to Governor as House Passes Banking Measure
DEA Officials Discuss Marijuana Scheduling Timeline, Seeking To ‘Correct Misperceptions’
Virginia GOP Governor Vetoes Marijuana Sales, Resentencing Bills
Costa Mesa, Calif., police return seized product as officials rethink laws
What Rescheduling Could Mean For Cannabis Bankruptcies
Minnesota lawmakers are mulling THC beverages on tap, marijuana license cap
Maryland cannabis retail zoning would be less restrictive under new bill
Licensing Related
New York Issues 114 New Adult-Use Licenses
D.C’s first cannabis gifting stores cleared to open as legal medical dispensaries
California State Auditor Says Cities, Counties Could Approve Local Cannabis Permit Processes
Markets
Curaleaf Leaves Maine’s Adult-Use Market As Caregivers Push Back on Corporate Cannabis
Cannabis industry primed for growth despite the self-sabotage
Canadian cannabis producer Organigram enters US, plans C$25 million raise
Former Minnesota Gov. Jesse Ventura Launches His Own Cannabis Brand
International
Germany’s Marijuana Legalization Law Officially Takes Effect
Potent Cannabis Strain Legalized in Malawi for Medicinal Use
Ontario eyes C$600 million cannabis windfall, pledges online crackdown