Week of September 24 - 30, 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 (September 24 - 30, 2022): 62,274 1A MRBs + 3,530 1B MRBs = 65,804 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
- Real Brands to acquire white-label CBD producer Boulder Botanical for $12M
- OEG Retail Cannabis to Acquire Dispensaries, Tokyo Smoke Brand From Canopy Growth
Negative News
- Lawsuit against marijuana MSO Green Thumb alleges sex, age discrimination
- South Carolina hemp farmer files federal lawsuit over destroyed crops
- Wyld CBD parent accuses Martha Stewart CBD of copyright infringement
Legalization and Regulation
- 'There Will Be Some Actions Forthcoming:' Kentucky Governor Reaffirms Plans to Legalize Medical Cannabis Through Executive Action
- FDA’s Most Recent Hire Could Lead to CBD Regulation
Licensing Related
- Nevada will open marijuana lounge application window Oct. 14
- Applicants advance in CT’s adult-use marijuana business licensing process
- New York Attracts 903 Applicants for Cannabis Retail Licenses
- 28 Vie For Louisiana’s New Medical Cannabis Retail License
- Georgia medical marijuana licenses finally awarded; growing to begin
- Licensing for NY recreational marijuana suppliers delayed, official says
- ABC Board selects 3 new medical cannabis facility applicants—2 cultivation centers in Ward 4, 1 dispensary in Ward 3.
International
- Japan to Consider Medical Cannabis Legislation
- Australian Government Could Override State Laws to Legalize Adult-Use Cannabis
Other
- Virginia regulators issued guidance on background checks of owners of medical cannabis businesses.
- Vermont regulators opened a marijuana product registration portal.
- Retail slotting fees a new cost for Michigan marijuana brands and manufacturers
- Cannabis MSO Ascend unveils executive shake-up after former CEO charged with battery
- The Source+ Announces Brett Sprau as Director of Massachusetts
- Theory Wellness Expands Into Vermont With Brattleboro Location
- Newly Appointed Chair of Massachusetts Cannabis Control Commission Is Still Listed as Owner of Cultivation Business