Week of September 17 - 23, 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.
Note: Last week there was a dip in the license counts for "Approved/Pending" and "Pre-License" (Uniform License Status updated to "Inactive")
- Approved/Pending - Updated ~100+ licenses as “Not Available” (California - CalCannabis)
- Pre-License – Updated ~150+ licenses as failed applicants (Washington, DC - ABRA)
(The Reported License Types "Not Available" and "Failed Applicant" both map to the Uniform Status "Inactive", which decreased the net License count by more than the number of new Licenses during the week.)
Tier 1 Marijuana-Related Business Counts
Weekly Summary (September 17 - 23, 2022): 61,986 1A MRBs + 3,516 1B MRBs = 65,502 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
- Halo Collective Completes Acquisition of Premium Indoor Grow and Distribution Hub in Portland, Oregon
- 8TH WONDER & BAYOU CITY HEMP PARTNER TO LAUNCH 8TH WONDER CANNABIS
Negative News
- SEC sues Avon man in marijuana business that swindled investors out of $14M
- Agrios Global Sues Former Directors Over $30M Cannabis Facility
- Marijuana MSO Vireo Health sues Minnesota over new edibles law
Legalization and Regulation
- Alaska Governor Establishes Adult-Use Cannabis Task Force
- Denver City Council Approves Ordinance to Issue Cannabis Delivery Licenses to Social Equity Applicants
Licensing Related
- Illinois marijuana company wins licenses after social equity lawsuit
- Executive Teams Now Requesting Applications for Medical Cannabis Business Licenses in Alabama
- NY awards more conditional adult-use marijuana permits, tweaks hemp rules
- Licensing Update: Seven New Licenses Approved By Control Board
- State awards two medical cannabis 'grow' licenses
- Consumer Protection Announces Cannabis Retailers and Micro-cultivators Selected in General Lottery
- Florida issues first medical marijuana license to a Black farmer
International
- Cannabis-based medicine among drugs approved for use on NHS in Scotland
- Tilray Medical Receives Approval to Extend Market Authorization in Italy
Other
- Opinion: Gray-market cannabis shops open door for vape crisis 2.0
- Aurora Cannabis increasingly looks to Europe, eyes first profit in early 2023
- Las Vegas gives thumbs-up to marijuana consumption lounges
- Denver to reduce fees, extend exclusivity for cannabis delivery companies
- Assault charge could tarnish image of Ascend, entire cannabis industry, consultants warn
- Medical Cannabis Operator Insa Opens its First Florida Dispensary in Tampa
- Trulieve Announces Opening of Relocated Edgewater Dispensary in Florida