Week of December 24 - 30, 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 (December 24 - 30, 2022): 64,271 1A MRBs + 3,600 1B MRBs = 67,871 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
- MediPharm Labs to acquire Vivo Cannabis in all-stock Canadian deal
- High Tide Closes Acquisition of Jimmy's Cannabis Shop BC
Negative News
Legalization & Regulation
- U.S. Virgin Islands Lawmakers Send Marijuana Legalization And Expungement Bills To Governor
- New York Lawmakers File Psychedelics Legalization Bill For 2023
- South Dakota Activists File Measure That Could Put Marijuana Legalization On Ballot For Third Election In A Row
- Gov. Beshear’s executive order takes effect as marijuana activists push for more reform
- Executive order allowing Kentuckians to use legally purchased medical marijuana goes into effect
International
- Cannabis: the Council of State definitively lifts the ban on the sale of CBD in all its forms
- In one year, the licenses granted and the area of cannabis planted in greenhouses doubled
- Medical cannabis: "If a very restrictive model is made in which access is not easy or fast, in the end the patient will continue to resort to the black market
Licensing Related
- Detroit Announces the Winners of the City’s First 33 Adult-Use Cannabis Dispensary Licenses
- Alabama Medical Cannabis Commission sees surge in license applications just before deadline
Other
- Connecticut marijuana official leaving post days ahead of adult-use launch
- 8 Cannabis Marketing Trends to Look For in 2023
- FDA Officials Say Hemp And CBD Regulatory Plan Is Months Away As It Carries Out Marijuana Scheduling Review
- Governor Lamont Selects Paul O. Robertson to Chair the Social Equity Council
- Gov. Tom Wolf reflects on eight years of successes, stumbles and standoffs
- New York City nonprofit preps for Day 1 of adult-use marijuana sales as state’s only operating retailer
- Bottoming out: Adult-use cannabis prices nosedive in Massachusetts as market hits oversaturation point
- Connecticut marijuana official leaving post days ahead of adult-use launch
- Trulieve to study ground-cannabis hazards in OSHA deal after worker death
- 'Herbal Alchemy' | First DeSoto medical marijuana dispensary set to open
- Marijuana dispensary hopes to open soon in Great Falls
- Illinois cannabis curbside pickup ends Jan. 1