Week of November 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 (November 19 - 25, 2022): 63,745 1A MRBs + 3,578 1B MRBs = 67,323 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.
Negative News
- Florida Agriculture Commissioner Files Appeal After Judge Dismisses Lawsuit Challenging Federal Laws on Medical Cannabis and Firearms
- FDA dings American Shaman, four others for ‘illegally selling’ CBD
- Arkansas marijuana cultivator can’t fight for revoked license, judge rules
- Court of Appeals affirms Ionia County judge’s dismissal of marijuana business lawsuit
Legalization & Regulation
- New Poll Shows Majority of Americans Support Cannabis Legalization
- North Carolina tribe begins first legal medical cannabis harvest in the state
- Minnesota gov envisions adult-use marijuana legalization in state in 2023
International
Licensing Related
- RI approves 5 adult-use marijuana retailers as Dec. 1 launch nears
- CCB to Hold Random Number Selection Event for Cannabis Consumption Lounge Licenses
- New York issues first adult-use marijuana retail permits, OKs delivery to expedite sales
Other
- Ascend Wellness Files Registration Statement; Has Option to Issue $100M of New Securities
- Connecticut Adult-Use Sales Could Be Delayed Until 2023
- Schwazze Opens an Additional Cannabis Dispensary in New Mexico Located in Sunland Park, Brings Total R. Greenleaf Store Count to 13
- AWH Announces Changes to its Board of Directors
- Curaleaf Celebrates Opening of New Dispensaries in Orlando and Miami
- Michigan Regulators Warn of Increased Criminal Activity Against Cannabis Licensees
- Oregon Governor Grants Pardon to 45K for Cannabis Convictions
- Emily Paxhia resigns from board of marijuana MSO Ascend Wellness
- British regulators ban Charlotte’s Web, other CBD products
- US senator wants marijuana businesses to access SBA loans
- 10 years after legalization, Washington state cannabis growers face headwinds
- Cannabis Cultivation Global Market Report 2022: Ukraine-Russia War Impact
- New York State Cannabis Control Board Approves Change of Control of Etain LLC's Vertically Integrated License
- RI marijuana products destroyed after testing positive for pesticides
- Canadian adult-use cannabis sales stay flat in September