Week of August 19 - August 25, 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 (August 19 - August 25, 2023):
73,576 1A MRBs + 3,801 1B MRBs = 77,377 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
Planet 13 Enters into Definitive Agreement to Acquire VidaCann in Florida
TGOD Merger Boosts BZAM Q2 Revenues Amid Losses
Red White & Bloom Gets Green Light for Aleafia Acquisition
Greenlight is acquiring a dispensary in Las Vegas and a cultivation facility in W. Va.
StateHouse and Pelorus Ink Major Service Agreement for Humboldt Facilities
Adverse Media
Nasdaq warns cannabis tech firm Agrify of noncompliance again
PA Court Orders Dissolution Of Failed Medical Pot Co
SEC Sues Northern California Investment Firm with Ties to Cannabis
Litigation
NY Judge Scorches Regulators Over CAURD Licenses
Verano Holdings sues over lost medical marijuana license in Alabama
Colo. Pot Shops Say Tracking Co. Can't Shake Antitrust Claims
Cannabis Fintech Says FIS 'Catch And Kill' Destroyed Biz
Pot License Seekers Say Opposition Driven By Race Bias
Investors, Pot Scammer's Father Settle Ahead Of Trial's Close
Tilray Gets Securities Suit Tossed On Reconsideration
Chalice Receivership Update: Weak Market, Insiders Pounce
Legalization & Regulation
Industry Players Make Recommendations to Congress to Regulate Hemp-Derived Products
Michigan marijuana regulators take too long to process complaints, audit shows
Oregon Cannabis Regulators Resume Underage Decoy Operation
New Mexico taps Colorado industry insider as new top cannabis regulator
FDA Chooses LightLab 3 Cannabis Analyzer to Enhance Consumer Safety, Regulate the Industry
Ohio’s Cannabis Ballot Language Approved; Governor Opposes Measure
One By One, Delaware Beach Towns Move to Ban Cannabis Dispensaries
Oregon Cannabis: CIAO Wins Round One on Aspergillus Testing Rule
Congressional Summary of FDA’s Oversight of Hemp-Derived Compounds
Missouri Cannabis Regulators Crack Down on 'Lab Shopping'
State Official: MD is ‘Craftily’ Coding Marijuana Tax Revenue to ‘Protect’ Wells Fargo
What's Notable In Connecticut's New Cannabis Laws
Licensing Related
About 30 Companies Said to Have Signed Pro-Tech 33 LPAs
Alabama medical cannabis license scores revealed
3 more marijuana consumption lounges coming to Nevada
Markets
Change at the top of cannabis producer Pure Sunfarms as Dosanjh departs
NAIC Publishes Updated Cannabis Insurance White Paper
S&P discontinues Canadian, international cannabis stock indices
Former CEO, Canadian prime minister exit board of marijuana MSO Acreage
International
Canadian cannabis companies back off from US hemp CBD market
Bahamas Gov’t Reveals Proposal to Legalize Marijuana for Medical, Religious and Scientific Use
Switzerland launches second cannabis pilot with support of Cannavigia software
Costa Rica marijuana legalization loses a battle, but not the war
Japan: The Japanese Market for Hemp Seed and Hemp Seed Oil Products