Week of September 9 - September 15, 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 (September 9 - September 15, 2023):
73,967 1A MRBs + 3,807 1B MRBs = 77,504 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. Total active licenses the week of Sept. 9 reflect the addition of approximately 2,800 existing licenses issued by the Oklahoma Bureau of Narcotics and Dangerous Drugs, which are duplicative of licenses issued by the state's cannabis licensing authority.
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
Canopy Growth Bows out of BioSteel
Lucy Scientific Discovery Inc. Announces Acquisition of BlueSky Wellness
Adverse Media
Michigan businessman gets prison in sordid cannabis bribery case
New Jersey Cannabis Regulators Fine TerrAscend $100K; Columbia Care $50K
Litigation
Medical Cannabis applicant suing Cannabis Commission for defamation
Oklahoma high court declines to hear challenge to medical cannabis fees
NY Regulators Sued Over Bans On Pot Shops' 3rd-Party Ads
DC Gets Cannabis Shop's Cash Seizure Suit Tossed
Legalization & Regulation
California warns labs to accurately report cannabis testing results
Mass. lawmakers want independent look at cannabis commission
Senate Banking Committee Schedules Vote on SAFE Act for Sept. 27
How Important is the SAFE Banking Act, Anyway?
CANNRA sends letter to Congress detailing changes they'd like to see in the Farm Bill
Nebraska Activists Kick off 2024 Medical Marijuana Ballot Campaign
Congressional Researchers Say DEA ‘Likely’ to Reschedule Marijuana
CA Bill That Could End Use of Single-Use Tags Goes to Governor
Licensing Related
AL Regulators Suspend Second Attempt at Medical Licensing Per Court Order
NY to Roll Out Fully Licensed AU Market Amid CAURD Concerns
Markets
Hemp-CBD firm Charlotte’s Web replaces CEO after shareholder group’s revolt
Inside the Opening of the First Adult-Use Dispensary in Ventura, Calif.
Federal Data Shows Record Number of Banks Working with Cannabis Businesses
Colorado Regulators Release Average Market Rates of Retail Cannabis
In Arizona first, Curaleaf marijuana dispensary workers go on strike
CT cannabis testing lab shuts down, leaving just one in state