Week of July 8 - July 14, 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 8 - July 14, 2023):
73,091 1A MRBs + 3,711 1B MRBs = 76,802 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
Aleafia Acquisition by Red White & Bloom Called Off
TerrAscend buying Maryland marijuana dispensary for $8 million
Adverse Media
New Mexico cannabis regulators revoke dispensary license for the first time
Oregon recalls Bend Cannabis Co. flower that contains arsenic
Alleged marijuana stock pump-and-dumper agrees to fine, trading ban
SEC Says NC Cannabis CEO Admitted To Financial Misdeeds
FTC, FDA Send Cease and Desist Letters to Companies Selling Edible Products
Litigation
Greenrose Shareholders Ask Delaware Court to Block Foreclosures in AZ, CT
Greenleaf Compassionate Care Center sues RI over labor clause
Investors In Calif. Pot Co. Accuse Leaders Of Self-Dealing
Judge Shutters Growtech Suit Over $362K Cannabox Bill While Settlement is Underway
Pot Cos. Say Curaleaf Broke Contract With Colo. Withdrawal
Prisoner Hits Canopy Growth With Stock-Drop Suit
Shareholders Want Pot REIT Tenant Suits Consolidated
Legalization & Regulation
New PA Adult-Use Bill; CA, MO Sign Fingerprinting Laws; No Cannabis in NC
Delaware taps NCS Analytics to help monitor marijuana tracking system
New Guide: WA Regulations of Products Containing THC
Maine Gov. Janet Mills signed a bill allowing marijuana sales at events
CFIG Releases Recommended Program Standards for Cannabis-Serving Businesses
Policies and Procedures for Connecticut's Adult-Use Cannabis Program
Missouri marijuana regulators issue new guidance and waivers regarding packaging rule changes
MT regulators update rules on marijuana concentrates and synthetic cannabinoid products
NY regulators uploaded a series of videos on marijuana packaging and labeling rules
Licensing Related
Washington Releases Rules Guidance on SB 5367 (Products Containing THC)
Ala. Medical Cannabis Comm. Director defends licensing amidst new questions about fairness
Canadian marijuana entrepreneurs shift focus to ‘micro’ licenses
Illinois awards 55 more adult-use marijuana retail licenses
Markets
Red Lake Nation to begin selling recreational marijuana Aug. 1
Marijuana multistate operator Trulieve expands to Ohio
Organigram Holdings Inc. reported quarterly net revenue of C$32.8M and a net loss of C$213.5M
Michigan Marijuana Sales Hit Record High Of $261 Million In June, State Data Shows
Meta Will Now Allow Limited CBD And Hemp Advertising On Apps Like Facebook And Instagram
Arkansas marijuana sales reach $141 million so far in 2023
MD dispensaries see $21M in first week of recreational marijuana sales
MA Cannabis Sales Hit Record High Of $152M In June, Nearly $5B Since Adult-Use Launch
Cannabis Companies Quietly Downsizing
International
Ontario Cannabis Store joins calls to raise Canada’s THC edibles cap
Ukraine draft medical cannabis law passes first hurdle
Marijuana bill passed in Ghana, granting licenses for cannabis cultivation