Week of October 15 - 21, 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 (October 15 - 21, 2022): 62,890 1A MRBs + 3,562 1B MRBs = 66,452 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.
A Note on Drop in License Count: Last week there was a dip in the license counts for "Active" and "Pre-License" (Uniform License Status updated to "Inactive")
- Active – Updated ~145 licenses as "Inactive" (140 = "Expired" & 5 = "Surrendered") (California - CalCannabis Cultivation Licensing)
- Pre-License – Updated ~ 1,000 licenses as "Abandoned" (Added earlier as "Draft", No longer listed by the Licensing Authority) (New Mexico - RLD - Cannabis Control Division)
- Note: The status "Abandoned" was created in response to a PRR (Public Record Request) sent to the Licensing Authority (LA) asking for clarification on licenses initially in the "Draft" stage, but no longer listed by the LA.
(The Reported License Types "Expired", "Surrendered" and "Abandoned" map to the Uniform Status "Inactive", which decreased the net License count by more than the number of new Licenses during the week.)
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
- Green Thumb inks deal to sell medical cannabis at Florida gas stations
- Canadian companies Green Organic Dutchman, BZAM Cannabis to merge
Negative News
- 'Oklahoma targeting unlicensed marijuana cultivators, grows
- 'Black farmers object to winner of medical marijuana license
- New California task force eradicates $15 million of illegal marijuana
Legalization and Regulation
Licensing Related
- Detroit Receives 90 Applications for 60 Available Adult-Use Cannabis Licenses
- Illinois Department of Agriculture Issues Operational Permits to First Social Equity Infuser Licensees
- Vermont Cannabis Control Board Issues 9 New Adult-Use Cannabis Licenses
- Over 600 Alabamians request medical marijuana applications
International
Other
- Missouri adult-use cannabis measure would exclude minorities, critics say
- Marijuana platform Leafly to cut 56 jobs, will save $16 million
- Canada’s Yukon territory cedes cannabis retail sales to private sector
- Governor Stitt Appoints Adria Berry as Executive Director of OMMA
- Flower One’s Canadian Parent Company Has Filed for Restructuring Proceedings
- Green Thumb RISE Dispensaries to Expand Florida Footprint Through Lease Agreement With Circle K
- Ayr Wellness Introduces its National Portfolio of Brands to New Jersey Menus