Week of May 7 - May 13, 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?
You've come to the right place.
Hashing Out the Truth
CRB Monitor’s database growth by the numbers.
Tier 1 Marijuana-Related Business Counts
Weekly Summary (May 7 - 13, 2022): 58,977 1A MRBs + 3,378 1B MRBs = 62,355 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
- Marijuana MSO Ascend resolves suit, buys MedMen NY for $88 million
- Lowell Farms, Schwazze Partner in Colorado and New Mexico
- 3 Oregon cannabis trade associations merge into one group
Negative News
Other
- Missouri House Approves Legislation Requiring State to Disclose Medical Cannabis Ownership Records
- Illinois hints it will issue 60 craft grow licenses in “coming weeks”
- Civil Grand Jury Recommends Tweaks to Humboldt County’s Cannabis Licensing Process
- LA Reopens Verification Period for Social Equity Program Starting May 26
- Georgia Regulators Move to Expedite Hearings on Medical Cannabis Licensing Protests
- Police confirm investigation into Ontario Cannabis Store data breach
- Cannabis MSO Curaleaf appoints Darin as new CEO, replacing Bayern
- Massachusetts taps interim chair to lead marijuana regulatory agency
- Why Pennsylvania’s health department is taking Spotlight PA to court
- Delaware House Approves Legislation to Legalize Cannabis Possession
- Massachusetts Cannabis Control Commission Chairman Resigns, Deputy Treasurer Appointed as Interim Chairwoman
- Executive Take: New Curaleaf CEO Matt Darin Details Florida Expansion
- Thailand to Distribute Cannabis Plants for Home Cultivation
- Jushi Holdings Expands Retail Footprint in California With 32nd Store Opening