Week of August 12 - August 18, 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 (August 12 - August 18, 2023):
73,490 1A MRBs + 3,793 1B MRBs = 77,283 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
Canadian cannabis retailer Fika wins Fire & Flower auction
StateHouse and Pelorus Ink Major Service Agreement for Humboldt Facilities
Tilray Brands Announces Acquisition of Truss Beverage Co.
TASI Bank Partners with Green Check to Grow its Boutique Cannabis Banking Program
Adverse Media
CO Regulators Issue Warning that Springs Dispo Flower Has Unsafe Yeast and Mold
Pennsylvania store owner arrested over delta-8 THC sales
Agrify Receives Nasdaq Notification of Non-Compliance with Listing Rule
New Mexico Judge Shuts Down Sawmill SweetLeafe For Now
Litigation
Lawsuit Seeks to Halt Commercial Cannabis Businesses in Connecticut
Court ruling opens door for third-party marijuana e-commerce in Florida
State faces pushback from Missouri marijuana industry over product recall
Alabama’s medical cannabis program delayed again over open meetings lawsuit
MMJ BioPharma Sues the DEA for Improperly Delaying Application to Grow Clinical Cannabis
Cannabis Co. 'Consultant' Wants Out Of New Fraud Suit
Chalice Receivership Update: Weak Market, Insiders Pounce
Legalization & Regulation
Ohio Adult-Use Legalization Initiative Qualifies for November Ballot
Virginia hemp product retailers slapped with fines under new law
MO Auditor Launches Investigation of State’s Marijuana Program
What Calif. Pot Permit Ruling Means For Enviro Compliance
Licensing Related
Colorado Auditor Challenges Metrc’s No-Bid Contract
NY Cannabis Market Hit With Another Legal Roadblock
New Jersey Approves 41 New Adult-Use Cannabis Licenses
Deceased farmer’s heirs appeal in bid for Florida medical marijuana license
Georgia Calls Special Meeting on Wednesday to Vote on Cannabis Licenses
North Dakota Changes Compassion Center Certification Fees
Markets
Minnesota tribe plans to roll out mobile marijuana dispensary
Tilt Cuts Social Equity Brands With No Warning
Canopy Growth Corporation is selling its facility in Smiths Falls, Ontario
Census Bureau Begins Collecting Information About Marijuana Economic Activity
Marijuana MSOs expand Florida retail, betting on adult-use legalization
Organigram to Enter the UK with Agreement to Supply Medical Cannabis to 4C LABS
Heritage Cannabis Announces Appointment of Interim Chief Financial Officer
International
Germany’s Federal Cabinet Approves Marijuana Legalization Bill, Sending It to Lawmakers
Cannabis insurance payouts in Germany hit 51M euros in first quarter