Week of April 9 - 15, 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 9 - 15, 2022): 57,494 1A MRBs + 3,315 1B MRBs = 60,809 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
- HEXO enters into definitive agreement with Tilray Brands to create a strategic alliance between two Canadian cannabis leaders
- Curaleaf signs agreement with WB Canna Co. & Wellness
- Cannabis MSO TerrAscend continues Michigan acquisition spree
- Colorado cannabis company partners with craft brand for MJ-inspired beer
Other
- MMJ BioPharma Cultivation sues DEA over "foot dragging" on marijuana pharmaceutical licensing
- California confirms new director of Department of Cannabis Control
- Arizona issues 26 social equity cannabis licenses: Here's what these licensees should do for long-term success
- Cannabis regulatory agency replaces marijuana regulatory agency as Michigan cannabis regulator
- Pennsylvania Senate approves cannabis banking legislation
- New Jersey to launch adult-use marijuana sales April 21 amid supply concerns
- Rash of marijuana store robberies highlights need for safeguards
- New York issues first recreational cannabis cultivation licenses
- Delta 9, Fire & Flower among companies to distribute cannabis in Manitoba
- New Jersey gives adult-use marijuana green light to 7 multistate operators
- Pace of new Ontario marijuana store openings slowing, OCS report says