Week of April 2 - 8, 2022

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 (April 2 - 8, 2022): 57,235 1A MRBs + 3,296 1B MRBs = 60,531 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: CRB Monitor tiers businesses that have a financial or controlling interest in a Tier 1A CRB as "Tier 1B." 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.

Acquisition & Merger

• Mississippi signs deal with Texas-based Tyler Technologies for medical cannabis licensing
• Marijuana MSO Jushi expands Nevada presence by closing on $53.6M purchase
• CA marijuana companies CannaCraft, March and Ash to merge
• Cookies and Gage to launch Cookies Ann Arbor April 8
• Manitoba Harvest enters exclusive partnership with Whole Foods Market

• Florida CBD franchiser SunFlora used deceptive trade practices, lawsuit claims
• Judge orders state to allow cannabis producer to sell some products after reports of mold
• Notice of required product recall

Other

• Albuquerque City Council votes to allow cannabis consumption lounges
• Inside Hot Box Social: Michigan's newest cannabis consumption lounge
• Lansing to license 4 cannabis consumption lounges
• Cookies to debut in Hawaii
• Traverse City drawing up zoning plans for adult-use cannabis retail
• British Columbia considering recreational cannabis consumption spaces
• Metrc nabs Mississippi's medical marijuana track-and-trace contract
• Tilray launches cannabis edible in Quebec despite restrictive regulations
• Georgia lawmakers fail to pass bill implementing medical cannabis industry
• US House passes medical marijuana research bill