Week of October 14 - October 20, 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 (October 14 - October 20, 2023):
75,107 1A MRBs + 3,826 1B MRBs = 78,933 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. For the week of Sept. 23, the jump in 1A MRBs was due to micro-business applications in Missouri.
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. For the week of Sept. 23, the jump in pre-licenses was due to micro-business applications in Missouri.
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
Lobbyists sentenced to prison in Michigan cannabis bribery case
Voluntary Recall of Curaleaf batch in Arizona for Aspergillus
Litigation
NY Says Judge Erred In Blocking Pot Licensure Program
Humboldt County lawsuit aims to derail restrictive marijuana business measure
Tilray Settles Bob Marley Licensing Suit
Pot Cultivator Suing NFL Players Owes $40M, Landlord Says
Pair of lawsuits challenge whether Missouri counties can ‘stack’ tax on marijuana sales
Pot Investors' $3M Stock Drop Deal Gets Magistrate's Support
Virginia Seeks Toss Of Hemp Companies' Challenge To New Law
Former AK Lawmakers and Law Firms File Dueling Lawsuits Over Cannabis Business Licenses
Legalization & Regulation
NY Lawmakers Send Letters to Landlords of Illegal Cannabis Stores in Lower Manhattan
Loan to Missouri cannabis company is not a done deal, says one MN agency overseeing the plan
Michigan Governor Signs Bills Allowing for Marijuana Commerce with Tribal Businesses
Western States Have High Compliance Rates for Underage Sales Checks
AG: New Hampshire’s Proposed State-Run Marijuana Stores Could Create Federal Liability
Mass. Cannabis Control Commission names agency newcomer as acting director
Licensing Related
Arkansas marijuana cultivator appeals $15,000 fine, license suspension
California regulators move manufacturing license and application data to Accela CLEaR System
Missouri marijuana operators face fresh turmoil amid recall confusion
Marijuana MSO Cresco Labs Exits Arizona, Secures Mortgage in New York
New York extends marijuana business license application window
NJ Approves 112 NJ Adult Use Cannabis Licenses, Reviews TerrAscend Problems Again
Alabama regulators will begin accepting applications for 2024 hemp licenses on Nov. 1
Alabama Judge Amends Restraining Order to Allow Licensing for Cultivators, Transporters and Labs
Louisiana regulators published revised medical cannabis pharmacy rules
Markets
CRB Monitor | Cannabis-Related Securities | Monthly Update | September 2023
SNDL Consolidates Cultivation Facilities in Canada
Verano Commences Trading on Cboe Canada
Village Farms International Granted Extension to Meet NASDAQ Minimum Bid Price Requirement
Marijuana MSO Curaleaf confirms more layoffs ahead of potential move to TSX
International
German Lawmakers Hold First Debate On Marijuana Legalization Bill
Irish Citizens Panel Recommends Decriminalizing Drug Possession