Week of September 30 - October 6, 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 (September 30 - October 6 2023):
75,049 1A MRBs + 3,817 1B MRBs = 78,866 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
Missouri probes St. Louis cannabis grower accused of selling moldy weed
Litigation
Missouri Marijuana Tax Dispute Heads to Court
Trulieve Wants Race, Gender Discrimination Claims Nixed
Legalization & Regulation
Massachusetts Chaos Continues: Suspended Regulator Sues
WI Tries Again to Legalize Cannabis; CA Governor Signs Bills
California Governor Says No to Cannabis Cafes
Hearing set for challenge to adult-use cannabis appearing on Florida ballot
Georgia will be first state with medical marijuana in pharmacies
KY Governor Creates New Medical Marijuana Workgroup, Legalization Website
Michigan Lawmakers Approve Bills Allowing Marijuana Commerce With Tribal Businesses
Pennsylvania House Approves 280E Tax Cut For Marijuana Businesses Over GOP
Survey: Just 13% Of Top Capitol Hill Staffers Think Marijuana Banking Bill Will Pass This Year
Cannabis Businesses Need Privacy Policies
Licensing Related
Arizona social equity cannabis retailers set to miss key deadline to open
New York Judge Permits Three More Cannabis Shops to Open Under Injunction
Investors, cannabis corporations wrest control of social equity licenses in Arizona
New Jersey awards $12 million in grants to marijuana businesses
Colorado agency awards first loans for marijuana social equity businesses
Vermont regulators posted guidance on new marijuana lab testing requirements
NY Opens Marijuana Business License Application Period
Chicago Considering Killing ZBA Process For Dispensary Permits
Grown Rogue Picks Up Option To Buy New Jersey License
Markets
Aurora Cannabis closes bought deal financing, yielding C$38.8M
Rapper Phix Signs On With Gelato Cannabis
Hawaii Company Completes First State-Legal Transfer Of Marijuana Between Islands
Benefits Provider Touts First Employee Group Health Medical Cannabis Program In Some States
International
Verano Receives Conditional Approval to List on the Cboe Canada
Safe Supply Streaming Co. Ltd. began trading on the Canadian Securities Exchange