Week of November 11 - November 17, 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 (November 11 - November 17, 2023):
75,396 1A MRBs + 3,876 1B MRBs = 79,272 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.
Acquisitions & Mergers
California cannabis brand Dosist acquired by partner Final Bell
Adverse Media
Missouri Revokes Delta Extraction’s license
Leafology Avoids Suspension in Arkansas, but Fine Remains Intact
Michigan regulator unveils litany of October marijuana disciplinary actions
Voluntary Recall of Sweet Cheecks Chocolate in Michigan
Pair sentenced for convincing investors to buy into fake medical marijuana operation
Dark Horse Distribution, Sundaze Cannabis Co. Suspended, Fined in Oregon for Violations
Calif. agency warns some legal cannabis products could be 'adulterated'
Oklahoma Authorities Seize 77,000 Illegal Plants at Licensed Cannabis Businesses
SEC raises red flag over part of Canopy’s plan to enter US marijuana market
Colorado regulators issue warning about unsafe Angel Farms products
Litigation
Dueling Rulings on States' Rights to Regulate Hemp THC Head to Circuit Courts
Mississippi dispensary sues to overturn state’s marijuana advertising ban
New York's Marijuana Regulators Reach Settlement Over Licensing Lawsuit
Cronos Groups Gets Investor Case Dismissed
MedMen Reaches Deal On Calif. Lawsuit Alleging Rent Owed
RI Says Cannabis Law Did Not Compel Labor Agreement
9th Circ. Wary Of Abstention In Dormant Commerce Pot Row
Legalization & Regulation
Massachusetts cannabis chief to resign soon
South Dakota Could Repeal Medical Cannabis, Legalize Adult-Use Cannabis in 2024 Election
New York cannabis doctors challenge Leafwell and Curaleaf’s marketing tactics
Hawaii AG Unveils Draft Marijuana Legalization Bill, Drawing Mixed Reactions
NY cannabis regulators adopt hemp regulations, don’t vote on CAURD settlement
New York Governor Signs Marijuana Tax Cut Bills, Providing Local 280E Relief For NYC
Congressional Researchers Flag Legal Liabilities for Banks That Work with Marijuana Businesses
Pennsylvania House Approves Senate-Passed Bill To Let Medical Marijuana Growers Sell
State testing finds 42% contamination rate in Maine medical marijuana samples
Utah regulators filed revised medical cannabis rules
Ohio Governor Works with GOP Leadership to Amend Legalization Law
Licensing Related
GA Pharmacies to Sell Medical Cannabis Despite Risk of DEA Scrutiny
Verano Opens MÜV North Miami-Biscayne Dispensary
Georgia awards four new medical marijuana production licenses
Detroit issues 37 adult-use cannabis business licenses in Round 2
NY’s Loan Program For Equity-Owned Marijuana Businesses Is Saddling Some With Steep Costs
Dozens of cannabis startups in Connecticut are struggling to get fully licensed
Hawaii Approves Maui Wellness Group as Latest Medical Cannabis Dispensary
Markets
Slang Puts Itself Up For Sale
SNDL and Nova Cannabis Terminate Implementation Agreement
Strawberry Fields Becomes First Cannabis Dispensary In Ohio To Join The Teamsters
Suspended MedMen Expects to File 3Q023 Financial Report by Dec. 13
Equity Incentives and Cannabis Businesses
International
South African Lawmakers Approve Marijuana Legalization Bill
Ireland's first medical cannabis clinic Medicann opens doors
Bill to legalize medical marijuana clears Japan’s Lower House