Week of August 13 - 19, 2022
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 (August 13 - 19, 2022): 61,156 1A MRBs + 3,451 1B MRBs = 64,607 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: CRB Monitor tiers businesses that have a financial or controlling interest in a Tier 1A CRB as "Tier 1B." 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.
Mergers & Acquisitions
- Ascend cancels MedMen New York cannabis acquisition
- Greenlane to sell off marijuana packaging division in wake of merger
Negative News
- Former prosecutor gets 2 years of probation for role in western Maine marijuana operation
- A Permit Pileup Is Leaving Outdoor Weed Growers in Legal Limbo
- Oregon regulators said a THC vaping product containing a banned ingredient was sold at two licensed cannabis retailers
- A Dozen Lawsuits Challenge Connecticut’s Adult-Use Cannabis Cultivation Licensing Process
Licensing-Related
- New York to open social equity marijuana licensing window
- New York Marijuana Regulators Approve First Processor Licenses And Cannabis Testing Rules Ahead Of Retail Sales Launch
Legalization and Regulation
- Alabama Regulators Approve Medical Cannabis Business Licensing Rules
- Santa Barbara County to Require Conditional Use Permit for Cannabis Cultivation
International
- Switzerland's Basel-Stadt region to test run legalizing cannabis
- Costa Rica Announces Bill to Allow Recreational Marijuana
- Guyanese Parliament approves industrial hemp legislation
Other
- Federal judge nullifies Maine residency requirement for cannabis owners
- Medical Cannabis Program Admin leaving position
- New Mexico recreational cannabis supply challenges ease as production ramps up
- Florida recreational marijuana ballot measure gets industry pushback
- Marijuana retailer High Tide signs downsized CA$19 million credit facility
- California marijuana licensing set to slow with end of provisional program
- Metrc nabs Alabama medical cannabis tracking contract
- After 16 Months, Dispensary Workers Ratify Union Contract in Rhode Island
- Lawsuit to Prevent Story Dispensary From Opening in New Jersey Dismissed
- Hermosa Beach, California, to Welcome Cannabis Home Delivery