Week of July 22 - July 28, 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 (July 22 - July 28, 2023):
73,252 1A MRBs + 3,767 1B MRBs = 77,019 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. Pre-licenses dropped the week of July 15 after Illinois awarded 55 licenses out of approximately 2,700 applicants.
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
Aurora Cannabis sells Sun production facility to Bevo Farms
Columbia Care, Cresco Labs Sack $2 Billion Megadeal
Adverse Media
CA Sends Notices to 90 Cannabis Licensees After Pro-Tech Union Declared Not Bona Fide
Aleafia Health Is the Latest Canadian Cannabis Co. to Seek Debt Protection
Voluntary recall of Grow Sciences, Soothing Operations marijuana products in AZ
RI marijuana regulators reviewing Slater finances after bounced check, late payments
OMMA Inspectors Find Approximately 4,000 Untagged Cannabis Plants at Gold Leaf Acres
Crypto Fund Wants $2M Freed From SEC's Pot Ponzi Suit Against WeedGenics
Litigation
Maryland hemp businesses sue state, governor over product restrictions
Nevada Pot Co. Owners Reneged On Sale, MariMed Lawsuit Alleges
Court Rules Commercial Cannabis Businesses In Pomona Are Similar To Current Land Uses
Former Green Dragon owners sue Eaze
THC Fraud Class Action Suits Against Pre-Roll Makers May Expand
Cannabinoid Co. Wins Most Claims In Purchase Contract Suit
Legalization & Regulation
Massachusetts marijuana testing lab accuses regulators of retaliation
Ohio adult-use marijuana ballot bid falls short of needed signatures; gets 10 days to gather 679
ACLU joins court fight over Florida recreational marijuana legalization
Congressional Committee Addresses FDA Inaction On CBD Regulations At Hearing
A beachside city became California’s legal cannabis capital. Not everyone is stoked
Choice of industry professional to oversee Massachusetts marijuana testing raises questions
House Approves Veterans Medical Marijuana Access And Psychedelics Research
Cannabis Cos. Must Heed PFAS Risks In Products, Packaging
Licensing Related
Black farmers in Florida issued medical cannabis licenses
Detroit opens second application period for cannabis retail licenses Aug. 1
Missouri marijuana microbusiness licensing process begins July 27
Colorado Regulators Begin Accepting Social Equity Grant Applications
Markets
Mastercard demands shutdown of marijuana purchases on its debit cards
Chris Webber Scales Back $175 Million Detroit Cannabis Plan as Market Sours
International
Uruguay Reports 10.7 Million Grams of Cannabis Sold in Six Years of Legalization
Barbados Medicinal Cannabis Licensing Authority selects GrowerIQ to manage tracking
Colombian Lawmakers Introduce New Marijuana Legalization Bill After Prior Version Stalled