Week of May 28 - June 3, 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 (May 28 - June 3, 2022): 59,504 1A MRBs + 3,389 1B MRBs = 62,893 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
- Aurora Cannabis closes bought deal financing, yielding $172.5 million
- Tilt Holdings, Highsman Agree to East Coast Partnership
Negative News
- California marijuana executive sentenced to 22 months in prison
- What’s generating complaints in New Mexico’s cannabis industry?
- Father and son sentenced to prison for money laundering and illegal marijuana business
- Lawsuit seeks $200 payout for everyone who bought marijuana drops mislabeled as CBD
- Portland marijuana production blunder sickened more than a dozen: Here’s how it happened
Other
- Licensing Update: Board Issues Seven More Cultivation Licenses, Discusses Fire Safety
- Illinois Department of Agriculture Issues Next Round of Craft Grow Licenses
- Deadline nears to weigh in on FDA cannabinoid supplement review
- Medical marijuana applications open in Mississippi
- Pritzker Administration Applauds State Court Ruling to Lift Stays
on 185 Conditional Adult Use Cannabis Dispensary Licenses - Making the cut: Oklahoma governor signs final round of medical cannabis legislation for 2022 session
- Oklahoma Governor Signs Bill to Implement Two-Year Moratorium on Medical Cannabis Licensing
- Marijuana multistate operators see sluggish revenue, losses in first quarter
- Cannabis tech firm Akerna cuts 59 employees as part of restructuring
- Detroit finally awards first recreational marijuana license to grower
- Adult-Use Cannabis Legalization Initiative Approved for South Dakota’s 2022 Ballot
- Tyson 2.0, Mike Tyson’s Cannabis Brand, Launches in Washington State with Exclusive Concentrates and Flower by Mammoth Labs
- High Tide Announces the Opening of a New Store in Blackfalds, Reaching the 125-Store Milestone
- North Carolina to Consider Medical Cannabis Legalization Bill, Again
- Schwazze Announces Grand Opening of Emerald Fields Dispensary in Denver's Highlands Neighborhood
- Illinois Awards 48 Craft Grow Cannabis Licenses