Week of October 1 - 7, 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 (October 1 - 7, 2022): 62,599 1A MRBs + 3,547 1B MRBs = 66,146 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
- MedMen uses federal illegality of marijuana as defense in rent lawsuit
- Ex-SoCal politician gets 5-year prison sentence in marijuana bribery scheme
- Report: Legal Cannabis Industry Worker Died After Breathing Marijuana Dust
- New Mexico Regulators Say Inspections Have Uncovered 31 Noncompliant Cannabis Businesses
Legalization and Regulation
- 'Majority of Ohioans Approve of Adult-Use Cannabis Legalization: Poll
- Congressmen Introduce Legislation to Crack Down on the Use of Banned Pesticides at Illicit Cannabis Grows
Licensing Related
- British Columbia to accept farm-gate cannabis store applications in November
- 1st licensed social equity craft marijuana grower open for business in Illinois
- Connecticut Names Cannabis Product Packager Applicants Chosen to Advance in Licensing Process
International
- Australia’s Little Green Pharma inks cannabis supply deal with Cannamedical
- Japan urged to consider medical cannabinoid imports
- Morocco Issues 10 Cannabis Production Licenses
Other
- Wisconsin tribal CBD company launches group to support Indigenous businesses
- Cannabis advocates face off as redistricting changes congressional maps
- Florida medical marijuana dispensaries begin reopening after Hurricane Ian
- Michigan warns cannabis businesses about potential scams
- DEA-licensed cannabis cultivator closes $20 million Series A funding round
- Columbia Care Introduces Hedy, a New Cannabis-Infused Edibles Brand
- Strong retail demand in Vermont on first day of recreational marijuana sales
- As Prices Drop, Marijuana Growers Want Colorado to Stop Issuing New Licenses
- Sanctuary Medicinals Opens its Medical Dispensary in Delray Beach, Florida, the Company's Thirteenth Location in the State
- Green Thumb Industries Announces Changes to Board of Directors