--- title: CRB Monitor | Weekly Update | January 28 - February 3, 2023 description: Highlighting growth of Tier 1A and 1B MRBs (marijuana-related businesses), marijuana business licenses, and beneficial owners with industry news to note. image: https://www.crbmonitor.com/hubfs/1A%20MRB-2.png --- [![CRB Monitor](https://www.crbmonitor.com/hubfs/Crbmonitor%20-%20December2019/Images/logo.svg "CRB Monitor")](https://www.crbmonitor.com/) Close ## Request More Info We'd love to hear from you! Let us know how we can help. # RESOURCES | Data Updates | Regulatory CRB Monitor | Weekly Update | January 28 - February 3, 2023 ##### Published on February 13, 2023 # Week of January 28 - February 3, 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 (January 28 - February 3, 2023):  65,324 1A MRBs +  3,626 1B MRBs =  68,950 total ### 1A MRBs *![1A MRB-2](https://www.crbmonitor.com/hs-fs/hubfs/1A%20MRB-2.png?width=547&height=319&name=1A%20MRB-2.png) 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-2](https://www.crbmonitor.com/hs-fs/hubfs/1B%20MRB-2.png?width=547&height=299&name=1B%20MRB-2.png) 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 *![MBLs-2](https://www.crbmonitor.com/hs-fs/hubfs/MBLs-2.png?width=547&height=385&name=MBLs-2.png) Note: Inactive licenses, unlicensed, and unknown licenses have been excluded.* **A Note on Change in License Count:** - Pre-License – 207 licenses moved to Active in NM - Approved/Pending – Added 21 new licenses to Approved/Pending in NY, NJ - Active – Added 232 new licenses to Active in OK, OH, NM, MI, MA ### Beneficial Owners Count *![BORs-1](https://www.crbmonitor.com/hs-fs/hubfs/BORs-1.png?width=547&height=318&name=BORs-1.png) 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.* [Schedule Demo to See Full Database > ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLJD1yIF1IrCC2%2B2U0eNWdHj6Sn9vXOR%2FbensQH28M8tEuLHksMU8Vi2EfB5Iij5cm8TYEvDap1UvVsxxnrsM7e8Qun%2BCHYY8f5zRaS%2FZssISKgwXZpl4fSQ5%2F8%2BP0HO4q%2F%2B4c8HWm9fTboTa%2BXBCqbwZ3NxsEvKa6gzqh2KX%2BBBAYg8a0tSzFGlpsZec0b6yMlxb6ymGT%2FjkmT49lwU9Mcwsw%3D%3D&portalId=6526999) ## News of Note *A selection of relevant cannabis-related news*. Mergers & Acquisitions - [TILT Holdings Brings Black Buddha Cannabis to Pennsylvania](https://www.newcannabisventures.com/tilt-holdings-brings-black-buddha-cannabis-to-pennsylvania/) - [InterCure’s $35M purchase of Israeli marijuana producer Better scrapped](https://mjbizdaily.com/intercures-35m-purchase-of-israeli-marijuana-producer-better-scrapped/) - [Akerna to Sell Off Cannabis Software Business to POSaBIT for $4 Million in Cash](https://www.cannabisbusinesstimes.com/news/akerna-leaving-cannabis-merging-bitcoin-miner/) - [Ayr Wellness backs off from $55 million cannabis retail acquisition in Chicago](https://mjbizdaily.com/ayr-wellness-backs-off-from-55-million-cannabis-retail-acquisition-in-chicago/) Negative News - [Court strikes another major blow to New York’s cannabis rollout](https://www.syracuse.com/marijuana/2023/02/court-strikes-another-major-blow-to-new-yorks-cannabis-rollout.html) - [Lawsuit Filed Against East Liverpool Marijuana Plant Owner](https://businessjournaldaily.com/lawsuit-filed-against-east-liverpool-marijuana-plant-owner/) - [D.C. Cannabis Delivery Company CEO Pleads Guilty to Federal Money Laundering Charges](https://www.ganjapreneur.com/d-c-cannabis-delivery-companys-ceo-pleads-guilty-to-federal-money-laundering-charges/) Legalization & Regulation - [Virginia Lawmakers Approve Bills On Marijuana Sales And 280E Tax Reform](https://www.marijuanamoment.net/virginia-lawmakers-approve-bills-on-marijuana-sales-and-280e-tax-reform/) - [Minnesota Marijuana Legalization Bill Approved In Another Senate Committee On Path To The Floor](https://www.marijuanamoment.net/minnesota-marijuana-legalization-bill-approved-in-another-senate-committee-on-path-to-the-floor/) - [D.C. Mayor Signs Major Medical Marijuana Expansion Bill, Eliminating Licensing Caps, Providing Tax Relief And More](https://www.marijuanamoment.net/d-c-mayor-signs-major-medical-marijuana-expansion-bill-eliminating-licensing-caps-providing-tax-relief-and-more/) - [Wisconsin gov’s cannabis legalization plans might slow MMJ progress](https://mjbizdaily.com/wisconsin-gov-cannabis-legalization-plans-might-slow-medical-marijuana-progress/) - [13 States That Could Legalize Cannabis in 2023](https://www.cannabisbusinesstimes.com/news/states-that-may-legalize-cannabis-in-2023/) - [New Hampshire House Chair Floats Amendment To Marijuana Legalization Bill From Bipartisan Leaders, With Vote Expected Next Week](https://www.marijuanamoment.net/new-hampshire-house-chair-floats-amendment-to-marijuana-legalization-bill-from-bipartisan-leaders-with-vote-expected-next-week/) - [Washington Proposals Would Legalize Home Grows & End Pre-Employment Drug Tests for Cannabis](https://www.ganjapreneur.com/washington-proposals-would-legalize-home-grows-end-pre-employment-drug-tests-for-cannabis/) - [Strong Majorities Of Texans Support Medical And Recreational Marijuana Legalization, Including Most Republicans, New Poll Finds](https://www.marijuanamoment.net/strong-majorities-of-texans-support-medical-and-recreational-marijuana-legalization-including-most-republicans-new-poll-finds/) Licensing Related - [Illinois accepting applications for new cannabis dispensary licenses](https://abc7chicago.com/illinois-marijuana-cannabis-law-dispensary-applications-application/12750092/) - [Federal Judge Upholds Block on Certain New York Cannabis Licenses](https://www.cannabisbusinesstimes.com/news/new-york-federal-judge-upholds-block-cannabis-licenses/) International - [Hong Kong to Ban CBD, Label It a 'Dangerous Drug'](https://www.usnews.com/news/world/articles/2023-01-27/hong-kong-to-ban-cbd-label-it-a-dangerous-drug) - [Canadian cannabis company SNDL intimidated union-curious staff, tribunal rules](https://mjbizdaily.com/canadian-cannabis-company-sndl-intimidated-union-curious-staff-tribunal-rules/) - [Tánaiste signals support for decriminalising drugs](https://mjbizdaily.com/canadian-cannabis-company-sndl-intimidated-union-curious-staff-tribunal-rules/) Other - [Quebec court dismisses shareholder suit against cannabis producer Hexo](https://mjbizdaily.com/quebec-court-dismisses-shareholder-suit-against-cannabis-producer-hexo/) - [Former California industry leader Flow Cannabis Co. ‘mothballed’ as it seeks to ‘survive’](https://mjbizdaily.com/california-marijuana-business-flow-cannabis-co-mothballed-as-it-seeks-to-survive/) - [Judge rejects New York challenge to suit that’s delaying marijuana store openings](https://mjbizdaily.com/judge-rejects-new-york-challenge-to-suit-delaying-adult-use-marijuana-stores/) - [Cannabis producer Tilray quietly drops $4 billion sales target for 2024](https://mjbizdaily.com/cannabis-producer-tilray-quietly-drops-4-billion-sales-target-for-2024/) - [Cannabis retailer High Tide sees sales double, inks deal with Germany’s Sanity](https://mjbizdaily.com/cannabis-retailer-high-tides-sales-double-inks-deal-with-germanys-sanity/) - [First cannabis store with a bar and a bakery under the same roof opens in Illinois](https://www.chicagotribune.com/marijuana/illinois/ct-illinois-marijuana-okay-dispensary-20230202-5v2m5kf6rjgdtf4ug56cymslii-story.html) - [Missouri launch of recreational cannabis sales could be turning point for other red states](https://mjbizdaily.com/missouri-recreational-cannabis-sales-launch-impact-on-other-red-states/) - [Cannabis tech platform LeafLink raises $100 million amid management shuffle](https://mjbizdaily.com/cannabis-tech-platform-leaflink-raises-100-million-amid-management-shuffle/) - [‘Absolutely Worth It:’ Inside Mississippi’s Medical Cannabis Sales Launch](https://www.cannabisbusinesstimes.com/news/inside-mississippi-medical-cannabis-sales-launch/) - [Another court rules against Colorado marijuana business’ IRS challenge](https://mjbizdaily.com/another-court-rules-against-colorado-marijuana-business-irs-challenge/) - [New York’s $200 million marijuana social equity fund still awaiting capital](https://mjbizdaily.com/new-york-200-million-marijuana-social-equity-fund-still-awaiting-capital/) ### Most Popular ### Subscribe For Updates ## Explore how CRBMonitor can simplify your cannabis-related compliance challenges. 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