Week of October 22 - 28, 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 22 - 28, 2022): 62,982 1A MRBs + 3,562 1B MRBs = 66,544 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
- CHEMISTREE NEGOTIATES CONDITIONAL SALE OF WASHINGTON SUBSIDIARY
- Cannabis company inks deal with Circle K to bring weed to Florida gas stations
- Flower by Edie Parker Announces Exclusive Partnership With Sticky Glass
Negative News
- 'Marijuana operator Curaleaf accused of wrongly terminating Pennsylvania lease
- 'Colorado Regulators Issue Advisory Over Moldy Cannabis Flower
- 'Finance Firms Want RICO Pot Arrest Suit Tossed - Law360
- California Unified Cannabis Enforcement Taskforce Seizes 7,503 Illicit Cannabis Plants in Second Operation
Legalization & Regulation
Licensing Related
International
- Germany’s proposed adult-use cannabis legalization plan excludes imports
- Hong Kong to Ban CBD Starting February 2023
Other
- ‘Unusual alliance’ of opponents jeopardizes Arkansas marijuana legalization measure
- Nasdaq objects to Canopy plan to consolidate US cannabis revenue
- DC visitors may buy medical marijuana without out-of-state registrations
- Florida regulators haven’t OK’d Circle K-Green Thumb medical cannabis deal
- Michigan regulators vow to crack down on illicit marijuana in licensed market
- TILT Holdings Launches 'H' by Ricky Williams Medical Cannabis in Pennsylvania
- Dentons Welcomes Partner Kelly Fair to Its Cannabis group
- Kush League Launches New Lifestyle Cannabis Brand in Illinois
- FDA Exploring ‘Flexibilities’ In Marijuana Scheduling Review, But Top Official Says DEA Has ‘Final Word’
- FLORA TERRA CANNABIS WORKERS JOIN TEAMSTERS
- High Tide Announces Launch of Its NuLeaf Naturals Multicannabinoid Products in Manitoba
- Sean Cooley, Highway Cannabis Director of Marketing, Passes Away at 38 Years Old
- Jushi Holdings Inc. Launches Newly Formulated Cannabis Infused Fruit Chews by Tasteology