Week of October 8 - 14, 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 8 - 14, 2022): 62,776 1A MRBs + 3,556 1B MRBs = 66,332 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
- CBD company Charlotte’s Web signs distribution deal with liquor giant
- Verano Bets $5 Million to Enter Virginia Medical Market
Negative News
- 'Detroit medical marijuana retailer suspended, fined for improper tracking
- California regulators seize 1 million illegal cannabis plants
Legalization and Regulation
- 'Missouri Marijuana Legalization Campaign Get Funding Boost From Medical Cannabis Businesses
- Maryland marijuana legalization expected to pass in November, but details pending
Licensing Related
Other
- Colorado Governor And Top Officials Call On Congress To Pass Marijuana Banking Bill
- US, Canadian marijuana stocks surge, decline after Biden announcement
- Fewer than 10% of Canadian cannabis licensees exited market, government report shows
- New Mexico cannabis sales top $39 million in September
- Arkansas medical cannabis sales reach $23.9 million in September
- How Biden’s rescheduling of marijuana could affect the US industry
- Pennsylvania medical marijuana agency gets new director
- Rhode Island opens AU retail apps to medical operators