Week of July 30 - August 5, 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 (July 30 - August 5, 2022): 60,835 1A MRBs + 3,423 1B MRBs = 64,258 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
- Cannabis firm Tilray inks distribution deal for CBD products in US
- High Tide Closes the First Tranche in its Acquisition of Choom
Negative News
- Connecticut faces legal challenges to marijuana equity cultivation licensing
- Oregon law enforcement seizes 10,000 pounds of illicit-market cannabis
- Former NBA Player Iman Shumpert Arrested for Felony Cannabis Possession
- More Than 34,000 Illicit Cannabis Plants Seized from California Hemp Farm
Licensing-Related
Legalization and Regulation
- Arkansas election board rejects recreational marijuana measure
- Changes to Louisiana’s Cannabis Laws Take Effect Aug. 1
- Legislation Filed in US House Would Create Expungement Process for Federal Cannabis Misdemeanors
- Massachusetts House, Senate Pass Compromise Bill to Increase Equity in State’s Cannabis Industry
- Illinois Lawmaker Plans to File Legislation to Streamline Cannabis Regulations
International
Other
- Top NM cannabis regulator draws criticism after taking private-sector job
- Ayr Wellness Brings Award-Winning Cannabis Brand LIT To Massachusetts
- Trulieve Opening Medical Cannabis Dispensary in Kissimmee, Florida
- 4 New Pesticides Added to List that Can Be Used on Cannabis in Colorado
- California cannabis consumption lounges poised for takeoff
- Pennsylvania medical marijuana grower plans to sue state after layoffs
- 1st Denver marijuana delivery service closes as city proposes fee changes
- The California Department of Fish and Wildlife shut down an illegal cannabis operation.
- Las Vegas cannabis industry preps for launch of consumption lounges
- Trulieve to Open its First Branded Dispensary in Arizona
- Sweet Dirt Opens Adult-Use Cannabis Store in Bridgton, Maine
- Oregon Department of Agriculture is Seeking Nine Volunteer Hemp Commissioners