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CRB Monitor | Weekly Update | August 27 - September 2
Published on September 8, 2022

Week of August 27 - September 2, 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 27 - September 2, 2022): 61,556 1A MRBs + 3,472 1B MRBs = 65,028 total

1A MRBs

1A - 2022.09.02
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 

1B - 2022.09.02
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

Licenses - 2022.09.02
Note: Inactive licenses, unlicensed, and unknown licenses have been excluded. 

Beneficial Owners Count

Added 7,950 UBOs under License Authority OK - Bureau of Narcotics and Dangerous Drugs (OBNDD)Owners - 2022.09.02
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.

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News of Note

A selection of relevant cannabis-related news.

Mergers & Acquisitions

Negative News

Licensing-Related

Legalization and Regulation

International

Other

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