---
title: CRB Monitor | Weekly Update | June 17 - June 23, 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%20062623.png
---
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# RESOURCES | Data Updates | Regulatory
CRB Monitor | Weekly Update | June 17 - June 23, 2023
##### Published on June 28, 2023
# Week of June 17 - June 23, 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 (June 17 - June 23, 2023):
72,780 1A MRBs + 3,689 1B MRBs = 76,469 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.
*
[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*. *Items marked with  indicate links to licensed business profiles in the CRB Monitor database.*
#### Acquistion/Merger [Tilray Brands completed its acquisition of HEXO Corp.](https://www.globenewswire.com/news-release/2023/06/22/2693333/0/en/Tilray-Brands-Completes-Accretive-Acquisition-of-HEXO-Corp-Leading-the-Next-Evolution-of-Canadian-Cannabis.html) [](https://app.crbmonitor.com/businesses/11678) [](https://app.crbmonitor.com/businesses/12503) [TerrAscend Receives Regulatory Approval for Acquisition of Peninsula Alternative Health](https://www.globenewswire.com/news-release/2023/06/19/2690614/0/en/TerrAscend-Receives-Regulatory-Approval-for-Acquisition-of-Peninsula-Alternative-Health.html) [](https://app.crbmonitor.com/businesses/11623) [](https://app.crbmonitor.com/businesses/12804)
#### Adverse Media
[Canopy Growth cuts 1,200 jobs in past year and issues ‘going concern’ warning](https://www.marketwatch.com/story/canopy-growth-cuts-1-200-jobs-in-past-year-and-issues-going-concern-warning-as-analyst-eyes-solvency-of-cannabis-company-730d0cb6)[](https://app.crbmonitor.com/businesses/11598)
[CO Health and Safety Advisory: Tumbleweed Steamboat (dba RK Enterprises)](https://sbg.colorado.gov/sites/sbg/files/documents/230622%20Tumbleweed%20Steamboat%20LLC%20HSA%20memo.pdf) [](https://app.crbmonitor.com/businesses/43214)
[NV Regulators Say Phantom Farms Product Tests Positive for Aspergillus](https://ccb.nv.gov/wp-content/uploads/2023/06/CCB-Public-Health-and-Safety-Bulletin-2023-03-6-23-23for-release-1.pdf) [](https://app.crbmonitor.com/businesses/83223)
[First NY Enforcement Action Yields 1000 Pounds, $11M in Illegal Cannabis Product](https://www.governor.ny.gov/news/governor-hochul-announces-results-first-enforcement-actions-under-new-law-against-unlicensed)
[Big California marijuana distributor Herbl collapses, brands left unpaid, sources say](https://mjbizdaily.com/big-california-marijuana-distributor-herbl-collapses-brands-left-unpaid/) [](https://app.crbmonitor.com/businesses/3286)
[Michigan Regulators Ban Klean Herbal Solutions After Violations](https://www.law360.com/cannabis/articles/1689945?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-21&nlsidx=0&nlaidx=1) [](https://app.crbmonitor.com/businesses/13247)
[SEC Fines Marcum $10 Million for Improper SPAC Audits](https://www.greenmarketreport.com/sec-fines-marcum-10-million-for-improper-spac-audits/)
#### Litigation
[Group opposes ‘fire sale’ of troubled cannabis retailer Fire & Flower](https://mjbizdaily.com/group-opposes-fire-sale-of-troubled-cannabis-retailer-fire-flower/) [](https://app.crbmonitor.com/businesses/26285)
[Lawsuit Against Dreamfield Brands Over THC In Pot Products Can Go On, Judge Says](https://www.law360.com/cannabis/articles/1689839?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-21&nlsidx=0&nlaidx=2) [](https://app.crbmonitor.com/businesses/72715)
[Investors Seek Approval To NY Class Action Notice Of $2.9M iAnthus Stock Drop Deal](https://www.law360.com/cannabis/articles/1690699?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-21&nlsidx=0&nlaidx=4) [](https://app.crbmonitor.com/businesses/11673)
[IAnthus Stole $4.5M From Cannabis Company, a MD Lawsuit Claims](https://www.law360.com/cannabis/articles/1691215?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-22&nlsidx=0&nlaidx=1) [](https://app.crbmonitor.com/businesses/11673)
[NLRB Fights Curaleaf’'s Bargaining Order Challenge At DC Circuit Court](https://www.law360.com/cannabis/articles/1690942?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-21&nlsidx=0&nlaidx=5) [](https://app.crbmonitor.com/businesses/562)
[Alabama Judge Halts Medical Marijuana Licensing Amid a Lawsuit About Scoring](https://alabamareflector.com/2023/06/23/alabama-medical-cannabis-licensing-delay-faces-legal-pushback-from-denied-applicants/) [](https://app.crbmonitor.com/businesses/78092)
#### Legalization & Regulation
[Hemp Producers, Regulators Seek Clarity on Cannabinoids in the Farm Bill](https://www.crbmonitor.com/resources/hemp-producers-regulators-seek-clarity-on-cannabinoids-in-the-farm-bill)
[More States Try Taking Cannabis Testing to a Higher Standard](https://www.crbmonitor.com/resources/more-states-try-taking-cannabis-testing-to-a-higher-standard) [](https://app.crbmonitor.com/businesses/45337)
[NJ Marijuana Regulators Grilled By Lawmakers At Hearing On Legalization Implementation](https://www.marijuanamoment.net/new-jersey-marijuana-regulators-grilled-by-lawmakers-during-lengthy-hearing-on-legalization-implementation/)
[Judge cancels tweaks of Arkansas medical marijuana laws](https://mjbizdaily.com/judge-cancels-tweaks-of-arkansas-medical-marijuana-laws/)
[LA governor signs bill on medical MJ business license transferability, pharmacy satellite locations](https://gov.louisiana.gov/index.cfm/newsroom/detail/4163)
[NH Lawmakers Reach Deal To Create Marijuana Commission To Formulate State-Run Sales Model](https://www.marijuanamoment.net/new-hampshire-lawmakers-reach-deal-on-creating-marijuana-commission-to-formulate-state-run-sales-model/)
[Senate confirms Coupe as Delaware marijuana commissioner](https://delawarebusinesstimes.com/news/coupe-marijuana-confirm/)
#### Licensing Related
[NV eases marijuana consumption lounge rules, issues first licenses](https://mjbizdaily.com/nevada-eases-cannabis-consumption-lounge-rules-issues-first-licenses/) [](https://app.crbmonitor.com/businesses/12512) [](https://app.crbmonitor.com/businesses/15969) [](https://app.crbmonitor.com/businesses/8364)
[Missouri to accept marijuana microbusiness license applications starting July 27](https://krcgtv.com/news/local/missouri-health-department-to-accept-marijuana-microbusiness-license-applications-starting-july-27)
[CA Dept. of Cannabis Control awards $4M to expand access to licensed cannabis retail](https://www.cannabis.ca.gov/2023/06/california-department-of-cannabis-control-announces-funding-to-18-local-jurisdictions-to-expand-access-to-licensed-cannabis-retail-in-first-of-its-kind-program/)
[Preparing For Md. Adult-Use Cannabis: Licensing Provisions](https://www.law360.com/cannabis/articles/1690320?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-22&nlsidx=0&nlaidx=6)
[Preparing For Md. Adult-Use Cannabis: Operations And More](https://www.law360.com/cannabis/articles/1690331?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-23&nlsidx=0&nlaidx=6)
#### Markets
[Utah regulators posted a monthly update about the medical cannabis program](https://medicalcannabis.utah.gov/wp-content/uploads/June-2023-Monthly-Update-.pdf)
[Cannabis operator TerrAscend wins conditional approval to list on Toronto Stock Exchange](https://mjbizdaily.com/cannabis-operator-terrascend-wins-conditional-approval-to-list-on-toronto-stock-exchange/) [](https://app.crbmonitor.com/businesses/11623)
[Metrc Announces Renewal of Track-and-Trace Government Contract with State of Ohio](https://www.globenewswire.com/news-release/2023/06/20/2691066/0/en/Metrc-Announces-Renewal-of-Track-and-Trace-Government-Contract-with-State-of-Ohio.html)
#### International
[Colombian Bill To Legalize Marijuana Stalls In Final Senate Vote, Despite Majority Support](https://www.marijuanamoment.net/colombian-bill-to-legalize-marijuana-stalls-out-in-final-senate-vote-despite-getting-majority-support/)
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