Week of June 18 - 24, 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 (June 18 - 24, 2022): 60,101 1A MRBs + 3,411 1B MRBs = 63,512 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
Negative News
- FDA bans e-cigarette Juul; impact on cannabis vape market to be determined
- Florida suit challenges Gotham Green’s stake in two medical marijuana licenses
- Law enforcement continues to raid illegal marijuana grows in Oregon
Licensing-Related
- Connecticut draws 37,000 applicants for 56 adult-use marijuana licenses
- Approved Adult-Use Conditional Cultivator Applications from 6-23-22 Cannabis Control Board Meeting
Legalization and Regulation
- Hopes remain dim for medical marijuana legalization in North Carolina this year
- Kentucky gov can’t implement medical marijuana program, lawmaker says
- Louisiana governor signs several bills bolstering medical marijuana program
- Nebraskans for Medical Marijuana About 50K Signatures Short
International
- Switzerland set to launch regulated medical cannabis market
- Spain set to approve medical cannabis sales in pharmacies
- Thailand House Committee Limits Home Cannabis Cultivation to 10 Plants
- InterCure, Cookies open flagship CBD store in Austria
Other
- SAFE stripped from omnibus bill; new marijuana banking measure introduced
- New York chooses management for state’s marijuana social equity fund
- Adult-use marijuana companies struggle to stay afloat amid overproduction, falling prices
- Canada’s adult-use cannabis sales rebound to record CA$372 million in April
- Aurora Cannabis cutting 12% of workforce in ‘reorganization’
- Green Dragon Expands Retail Footprint in Florida With 2 New Dispensaries
- Ayr Wellness Announces 48th Florida Dispensary Opening in Longwood
- New Mexico Cannabis Control Division Director Resigns
- New Law Better Protects Marijuana Industry Employees
- Item 9 Labs Corp. Nears Completion of Cannabis Cultivation and Lab Facility in Pahrump, Nevada
- MWG Holdings, Inc. Welcomes Tom Sheridan as Chief Executive Officer
- Green Scientific Labs Awarded Three New Emerald Badges for Excellence in Cannabis Testing by Emerald Scientific