Week of March 30 - April 5, 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 Cannabis-Related Business Counts
Weekly Summary (March 30-April 5, 2024):
76,205 1A MRBs + 4,006 1B MRBs = 80,211 total
1A CRBs
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 CRBs
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.
Cannabis 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
Missouri Revokes Nine of 48 Social Equity Microbusiness Licenses
Fined and stripped of his marijuana license, Dineh Benally keeps on growing
Litigation
New York Cannabis Market Endures Court Order Correction
Marijuana Company Claims DEA Review Process Is Unconstitutional In New Federal Lawsuit
DOJ Says State Marijuana Legalization Boosts Tourism In Court Filing Seeking Lawsuit Dismissal
Missouri Supreme Court denies marijuana company’s appeal of denied license
Cannabis Cos. Agree To Proposed Deal In Workers' Wage Suit
Canadian producer Heritage Cannabis granted creditor protection
Legalization & Regulation
MSOs Join Trulieve in Financing Florida’s Legalization Campaign
Missouri warns social-equity marijuana license applicants of ‘predatory practices’
Federal Customs Officials Are Suddenly Seizing Marijuana From State-Licensed Businesses
Time’s up for I-71 weed gift shops as first warning letters hit unlicensed dispensaries
Federal Study Finds More Than 90% of Smokable Hemp Samples Contained Illegal Amounts of THC
Union drive at St. Louis cannabis company could have major impact on national labor law
House Committee Schedules Apr. 11 Hearing with FDA Head to Talk Hemp Regulations, Other Issues
Iowa bill restricting consumable hemp products heads to governor’s desk
AL Bill Would Increase Medical Marijuana Business Licenses as Litigation Stalls Market Launch
Washington, D.C. Council Approves 4/20 Medical Marijuana Tax Holiday
Hawaii Adult-Use Bill Is Dead for the Year as House Leaders Refuse to Schedule Final Hearing
Georgia hemp bill imposing age limits on CBD, delta-8 THC goes to governor
Maine to relax labeling rules for some marijuana edibles
Licensing Related
New Oregon cannabis licensing freeze could last ‘decades’
Mergers & Acquisitions
Cannabis operator Goodness Growth selling Vireo Health of New York
California marijuana delivery firm Smoakland acquires manufacturer Sublime
Standard Wellness buys Utah Cannabist medical marijuana dispensary for $6.5M
Markets
Distressed High Times Suddenly Closes California Dispensaries
Small cannabis firms get squeezed as industry falls $3.8B behind on bills
California marijuana delivery drivers authorize 4/20 strike
Canopy Growth alum McCarthy takes helm of Cannabis Council of Canada
CEO of Aussie cannabis firm Cann Group resigns amid ‘new strategic direction’
Curio Wellness Launches Manufacturing Operations in Missouri; Cultivation to Follow
International
Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar
Prime Minister: UN Never Bothered Canada About Legal Marijuana Violating Treaties
Public health minister: Marijuana in Thailand will be regulated, not banned