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CRB Monitor | Weekly Update | April 8- 14, 2023
Published on April 20, 2023

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? 

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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 MRB_041423
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_041423
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

Despite quarterly loss, Tilray to buy Canadian rival Hexo Corp.  logo_color_markonly 20px  logo_color_markonly 20px

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  logo_color_markonly 20px
Colorado Health and Safety Advisory: Trinidad Cultivation Services (dba Blue Sand Consulting)  logo_color_markonly 20px
Colorado Health and Safety Advisory: COS Investments LLC (dba High Hopes)  logo_color_markonly 20px
Colorado Health and Safety Advisory: BBM Enterprises (dba Helping Hands Cannabis)  logo_color_markonly 20px
MSOs Verano, Acreage Fined by New Jersey Regulators, Again  logo_color_markonly 20px logo_color_markonly 20px
Massachusetts recalls Medicinal Genomics microbial test kits

Legalization & Regulation

NJ Regulator Reverses Course on Curaleaf License Renewals, with Stiff Stipulations  logo_color_markonly 20px
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  logo_color_markonly 20px


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  logo_color_markonly 20px
Missouri tops $126 million in total marijuana sales in March
Caroline's Cannabis sues to recover $1.4 million in fees from Massachusetts town  logo_color_markonly 20px

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