Week of November 25 - December 1, 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 25 - December 1, 2023):
75,534 1A MRBs + 3,884 1B MRBs = 79,418 total
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.
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.
Lawsuit Fights Indiana AG Opinion on Hemp Leading to Police Threats, Bank Cancellations
Deceased Worker’s Mother Sues Trulieve for Wrongful Death
New York Supreme Court Approves Settlement, Lifts Marijuana Licensing Blockade
Judge Tosses Pot Company's Fraud Claims Against Calif. City
Dispensary Workers Land Class Certification In Calif. Wage Dispute Against MMD Inc.
3 Investor Lawsuits Against Canopy Growth Are Consolidated
Judge backs an increased pot license fee in Florida
Florida, Hemp Co. Spar Over Out-Of-State Sales
Legalization & Regulation
Marijuana lab-testing analysis finds routine THC inflation, data manipulation
MN adult-use marijuana market on track for early 2025 launch, regulator says
Top Federal Agency Promotes New Marijuana Research Center Amid Scientists’ Complaints
CRS Cautions That Differing Hemp Industry Interests Could ‘Complicate’ Next Farm Bill
How Chinese Marijuana Operations Cropped Up in Small-Town America
NYC Mayor Adams Cracks Down on Landlords of Illegal Smoke Shops
Minnesota Office of Cannabis Management Adds Chief Regulatory Officer
Ohio Republican Lawmaker Files Bill To Allow Cities To Ban Marijuana Use And Home Grow
New California Cannabis Track And Trace Transfer Approval Process Goes Into Effect Jan. 2
Missouri cannabis regulators tighten operational deadline policies
Minnesota's medical cannabis director steps down to take job with city of Minneapolis
Prefiled New Hampshire Bills Would Allow Medical Marijuana Homegrow, Add Eating Disorders
Alabama Regulators Award Medical Marijuana Business Licenses—For Third Time
First cannabis retailer opens in Manchester, VT
California Opens Applications For $15 Million Marijuana Equity Grant Program
Michigan Launches $1M Social Equity Grant Program for Cannabis Businesses
OK Agencies Announce 'Drastic Reduction' In Criminal Organizations Operating Grow Farms
Three more cannabis association licences in Malta issued in recent weeks
Canadian province looks to double cannabis store cap to 150
Still no medical cannabis trials for U.K.'s NHS - five years on from legalisation