Week of August 26 - September 1, 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 26 - September 1, 2023):
73,611 1A MRBs + 3,809 1B MRBs = 77,420 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
Marijuana retailer Fika’s winning Fire & Flower bid was C$36 million
Craft cannabis firm Atlantic Cultivation buying insolvent Tantalus brand
Adverse Media
Second Union To Be Challenged as Not Bona Fide Is Folding, Attorney Says
At least 10 fake unions identified in California marijuana industry
Litigation
New York judge reverses, pauses all marijuana licensing in state
Oregon court pauses marijuana testing requirement for aspergillus mold
Cannabis Co. Workers Ask Court To Enforce Wage Deal With Steep Hill
NJ Court OKs Cannabis Permits To 'Women-Owned' Cos.
Dark Horse Medicinals sues Missouri manufacturer Delta Extraction after product recall
Legalization & Regulation
Taking Cannabis Down to Schedule III: What Does It Really Mean?
Fresno joins new California program to fight illegal cannabis operators
Regulators ‘concerned’ after two Michigan doctors issue 23,000 medical marijuana cards
The Eastern Band of Cherokee Indians will decide on legalizing marijuana on Thursday
Virginia regulators published guidance on cannabis packaging requirements
Licensing Related
Connecticut launches social equity loans for marijuana business properties
Ohio extends deadline for some medical marijuana dispensaries to open
Missouri Marijuana Regulators Announce Winners of Microbusiness License Lottery
Medical marijuana companies slam Hochul over NY’s legal weed rollout mess
Alabama Medical Cannabis Commission expects 3rd round of licensing
NJ will begin accepting applications for wholesale, distribution and delivery licenses on Sept. 27
Markets
Green Thumb settles contract with marijuana workers in Illinois
Workers at Ascend marijuana store in Michigan ratify Teamsters union contract
CBD store opens second location at Atlanta airport
Organigram Announces Resignation of Board Member
Cannabis Wins Title for Most Capital Intensive Industry
International
United Kingdom CBD trade group calls for long-awaited regulations
Canadian cannabis exports surge 50% to C$160 million in 2022-23
Columbian Lawmakers Approve New Marijuana Legalization Bill