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CRB Monitor | Weekly Update | April 29 - May 5, 2023
Published on May 10, 2023

Week of April 29 - May 5, 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 (April 29 - May 5, 2023):  

    68,802 1A MRBs + 3,669 1B MRBs = 72,471 total


1A MRB-050523
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 MRB-050523
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.

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News of Note

A selection of relevant cannabis-related news. Items marked with logo_color_markonly 20px indicate links to licensed business profiles in the CRB Monitor database.

Mergers & Acquisitions

Akerna sells cannabis software businesses to MJ Freeway for $5 million logo_color_markonly 20px logo_color_markonly 20px

Adverse Media

Paychex Exit Leaves Cannabis Clients in the Lurch
Oregon Secretary of State Resigns Amid Criticism of Her Consulting Work with LaMota  logo_color_markonly 20px
Oklahoma Medical Marijuana Authority Cracks Down on Businesses with 'Grievous Violations'
Cannabis Financer Euwana Capital Wants To Arbitrate Escrow Theft Suit
Insurance Company Blames Grow Light Makers for Pot Farm Fire 

Legalization & Regulation

Maryland Governor Signs Cannabis Regulation, Puts Green Thumb Investments in Trust  logo_color_markonly 20px
Pennsylvania Lawmakers File Bill To Legalize Marijuana Sales Through State-Run Stores
Renewed recreational marijuana legalization drive launches in Ohio
Washington Governor Signs Interstate Marijuana Commerce Bill Into Law
Florida Senate passes cannabis telehealth bill with language providing licenses for Black growers
Consumers and Patients Can Now Purchase Cannabis Seeds in Massachusetts

Licensing Related

Up to 52 new social equity cannabis licenses coming to Washington state
Cannabis cultivator Bright Green granted DEA production license  logo_color_markonly 20px
Connecticut Approves Green Coach Delivery as its First Adult-Use Cannabis Delivery Operator

Other News

Curaleaf Reports $370M in Annual Losses, Still Pines for SAFE Banking  logo_color_markonly 20px
New research confirms plant-killing black root rot in marijuana facility
Work stoppage at Chicago-area Rise cannabis stores ends after 13 days  logo_color_markonly 20px
180-plus Verilife, Eaze workers unionize in Illinois and California  logo_color_markonly 20px logo_color_markonly 20px
TTAB Says No To Cannabis Trademarks In 'Bakked' Case  logo_color_markonly 20px

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