Week of July 29 - August 4, 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 (July 29 - August 4, 2023):
73,338 1A MRBs + 3,787 1B MRBs = 77,125 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
Failed Cresco-Columbia Care Merger Ices Combs’ Cannabis Deal
Avicanna completes marijuana unit acquisition from Shoppers Drug Mart
Story Cannabis Co. acquires four-store chain in Arizona
Adverse Media
NM Regulators Want Sawmill Sweetleaf Shut Down For Illegal Sales, Extractions
Denver Launches Crackdown on Unlicensed Cannabis Consumption Lounges
Hemp Workers Score $243K Default Win For Missing Pay
New York state shuts down first unlicensed marijuana dispensaries
Israeli, German operator IM Cannabis gets Nasdaq price warning
Litigation
State Appeals Court Revives Burner Distro Lawsuit Against CA
New York Judge Halts Retail Marijuana Licensing After Military Veterans Sue
Judge tosses Michigan marijuana lawsuit because MJ is federally illegal
Metrc Says Dispensary's Suit Has Got It Wrong
LA Judge Lets Most THC Testing Lawsuit Claims Proceed
California Cannabis Farmers Hoping Supreme Court Will Hear Corruption Cases
Legalization & Regulation
Long shot effort to repeal medical marijuana in South Dakota launches
Ohio Activists Turn in Final Signatures for Legalization Initiative
Massachusetts marijuana regulatory agency ‘in crisis’ as chief quits
Florida marijuana legalization campaign is Trulieve monopoly push, state says
Tribe opens adult-use marijuana store as Minnesota legalization begins
Maine Governor Signs Bill Allowing for State Business Tax Deductions
Online Cannabis Sales Take Effect in Colorado
Federal Standards Handbook Adds Sections for Cannabis Packaging, Labeling and Storage
Top Alabama Medical Marijuana Regulator Resigns Amid Controversy
Former FDA Regulator Predicts Cannabis Rescheduling This Year
Hemp retailers start seeing big fines as Virginia’s tougher THC law takes effect
Small marijuana businesses take advantage of purported 280E loophole
Licensing Related
Verano to Open Six Social Equity Joint Ventures in Connecticut
Markets
Illinois Sets Record with $140M in Recreational Sales
Study: 'Vast Majority' of Hemp Delta-9 Goods Illegally Modified
Former MN Gov. Jesse Ventura Plans to Launch His Own Marijuana Brand
Financier Pelorus Capital Group prices cannabis real estate securitization
MD Marijuana Sales Reach Record High Of $87 Million In First Month Of Adult-Use Legalization
Policy Tweaks Crucial to Unlock State Marijuana Revenues, Moody’s Says
International
Canadian government among top unpaid creditors of failed cannabis businesses