Week of December 16 - December 22, 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 (December 16 - December 22, 2023):
75,681 1A MRBs + 3,903 1B MRBs = 79,584 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.
Adverse Media
Stiiizy president denies allegations of illicit marijuana operations, sales
Litigation
Marijuana Fee Decision Appealed In Florida
Alabama court grants temporary restraining order on cannabis dispensary licenses
Pot Real Estate Crowdfunders Ran $2M Fraud, Suit Says
4 Cannabis Litigation Trends To Watch In 2024
Legalization & Regulation
Despite a Couple of Big Steps, the Feds Didn’t Travel Far as More States Legalize Cannabis
Mississippi Regulators Retesting Large Amount of Cannabis Products
CA regulators published a list of labs that are in compliance with cannabinoid testing methods
DEA Calls For Even More THC, Psilocybin And DMT To Be Produced For Research In 2024
Michigan issues advisory about annual financial statement requirements for marijuana businesses
Colorado regulators sent a bulletin about new marijuana rules
Nevada Marijuana Possession Limit More Than Doubles Under New Law Taking Effect
New Oklahoma laws going into effect on Jan. 1 deal with medical marijuana industry
Virginia won’t see recreational marijuana sales begin in Jan. 2024
Missouri lawmakers renew push to regulate ‘delta-8 THC’ hemp products
Legal Immigrant Denied Citizenship for Working in Legal Cannabis
New PA law could increase medical marijuana dispensary permits by 20%
New York Governor Vetoes Bill That Would’ve Let Growers Sell Bulk Marijuana To Tribal Retailers
Florida GOP Senator Files Medical Marijuana Industry Tax Relief Bill As Federal 280E
NY Local Governments Could Shut Down Unlicensed Marijuana Businesses Under New Bill
Licensing Related
Georgia Board of Pharmacy Stops Issuing Cannabis Licenses After DEA Warning
Maryland Social Equity License Awards May Not Meet Jan. 1 Deadline
Markets
The Top Four Risks for Cannabis Businesses and Investors in 2024
CT Cannabis workers celebrate state’s first-ever union contract
First Federal Bank Provides Loan for Trulieve Cultivation Site in Florida
2023's Biggest Scandals in Cannabis
Theory Wellness to Become Largest Employee-Owned Cannabis Company
MedMen to Exit Arizona and Nevada, Sell Assets to Mint Cannabis
International
The Biggest International Cannabis News Stories Of 2023
Ukrainian Lawmakers Approve Medical Marijuana Legalization Bill