Week of April 8 - April 14, 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 8 - April 14, 2023):
67,607 1A MRBs + 3,647 1B MRBs = 71,254 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.
Mergers & Acquisitions
Despite quarterly loss, Tilray to buy Canadian rival Hexo Corp.
Adverse Media
Some WA marijuana operators put on pause over pesticide concerns
Smoakland's payment processor terminates relationship over crypto payment scheme
Michigan regulators suspend Green Culture for 6 months, other cannabis businesses fined
Colorado Health and Safety Advisory: Trinidad Cultivation Services (dba Blue Sand Consulting)
Colorado Health and Safety Advisory: COS Investments LLC (dba High Hopes)
Colorado Health and Safety Advisory: BBM Enterprises (dba Helping Hands Cannabis)
MSOs Verano, Acreage Fined by New Jersey Regulators, Again
Massachusetts recalls Medicinal Genomics microbial test kits
Legalization & Regulation
NJ Regulator Reverses Course on Curaleaf License Renewals, with Stiff Stipulations
Is the Dormant Commerce Clause Losing Steam as a Means to Interstate Cannabis Trade?
Virginia lawmakers OK governor’s amendments to hemp regulations
Texas medical marijuana expansion measure clears state House
Maryland General Assembly Sends Adult-Use Cannabis Implementation Bill to Governor
Licensing Related
PharmaCann Virginia Loses Appeal Over Disputed Cannabis License
International
Germany unveils scaled-down recreational cannabis legalization plan
Israel’s medical cannabis patient growth slows as industry awaits major reform
Other News
Colorado marijuana sales in February hit four-year low of $124.8 million
Total marijuana sales in Connecticut top $22 million in March
Update to recent marijuana recalls in Arizona
Canadian cannabis producer Phoena winds-down business, blames high taxes
Missouri tops $126 million in total marijuana sales in March
Caroline's Cannabis sues to recover $1.4 million in fees from Massachusetts town