Week of August 6 - 12, 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?
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Hashing Out the Truth
CRB Monitor’s database growth by the numbers.
Tier 1 Marijuana-Related Business Counts
Weekly Summary (August 6 - 12, 2022): 60,921 1A MRBs + 3,437 1B MRBs = 64,358 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.
Mergers & Acquisitions
- Curaleaf takes 55% stake in German cannabis company for 19.7 million euros
- Tilray Wellness Announces U.S. Distribution Agreement with Southern Glazer’s Wine & Spirits for CBD Beverages
Negative News
- Bridgeport company seeking cannabis cultivator license sues, arguing state erred, lied, in application process
- D.C. To Start Inspecting Marijuana Gifting Stores For Health Code And Tax Violations
Licensing-Related
Legalization and Regulation
- Recreational marijuana legalization certified for November ballot in Missouri
- U.S. Virgin Islands Regulators Approve Draft Rules for Medical Cannabis Program
- Delta-8 THC Declared Legal in Kentucky
Other
- Colorado Marijuana Shops Are 98 Percent Compliant With ID Checks To Prevent Underage Sales, State Regulators Say
- Ontario Cannabis Store resumes some shipments after distribution shutdown
- Auxly sells Nova Scotia outdoor cannabis farm for less than it invested
- CA marijuana grower fined $300K-plus for failing to clean up runoff into river
- Alberta rethinks cannabis store window coverings after robberies
- Ontario Cannabis Store halts store deliveries after cyberattack on contractor
- Trulieve throws its weight behind adult-use marijuana legalization in Florida
- Ayr Wellness Receives Key Massachusetts Regulatory Approval for Adult-Use Sales in Somerville, Subject to Municipal Approval; Ayr Announces Approval for Phase 1 of Milford Cultivation Expansion
- Ayr Wellness Celebrates Milestone in Florida with the Opening of its 50th Retail Store in the State