Week of March 19-25, 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 (March 19 - 25, 2022): 56,668 1A MRBs + 3,270 1B MRBs = 59,938 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
- Cresco Labs target $2B acquisition of Columbia Care
- Schwazze to buy Denver cannabis retailer, grower for $3.2 million
Other
- Hawaii medical cannabis industry expands with new dispensary, edibles
- LIV Cannabis Co. announces grand opening of Lansing location to serve area's patients, adult-use customers
- California Tax Department auctions off illicit cannabis property
- Denver approves social equity cannabis consumption lounge
- New Mexico set to launch $400 million adult-use marijuana market likely to attract Texans
- Detroit again delays launching recreational cannabis market
- Detroit suburb lands first licensed Michigan marijuana consumption lounge
- Kentucky House passes medical marijuana bill; Senate vote is next
- Pennsylvania reverses decision on CBD edibles