Week of April 1 - April 7, 2023
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 (April 1 - April 7, 2023):
67,525 1A MRBs + 3,648 1B MRBs = 71,173 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: Businesses that have a financial or controlling interest in a Tier 1A CRB. 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. Items marked with 
indicate links to licensed business profiles in the CRB Monitor database.
Mergers & Acquisitions
Canadian cannabis companies SNDL, Nova Cannabis to amend complex retail deal
POSaBit acquires Hypur’s marijuana e-commerce assets for up to $7.5 million
Adverse Media
MSO Steep Hill, Arkansas Cultivators Accused of Fraud in Testing
Massachusetts closes Elev8 Cannabis after owner posts threatening video
Federal judge dismisses Arkansas applicant Absolute Essence's lawsuit against state
Michigan judge orders 3Fifteen Cannabis to relinquish control of several stores to Skymint
Legalization & Regulation
States Focus on Illegal Operations in Legal Markets
Georgia bill to expand medical cannabis program rejected
Florida adult-use marijuana legalization effort tops 630,000 signatures
Montana lawmakers kill bill intended to erase recreational marijuana industry
New Law Allows DC’s Cannabis ‘Gifting’ Retailers to Obtain Medical Cannabis Licenses
Kentucky legalizes medical. Will Delaware allow adult use?
Charlotte’s Web, BAT subsidiary seek FDA approval for hemp drug
Licensing Related
New York Officials Issue 99 Additional Adult-Use Dispensary Licenses
MariMed Receives Approval to Once Again Produce, Sell High-Dosage Edibles in Maryland
International
Germany might pivot to ‘cannabis legalization light’ amid EU pushback
British Columbia cannabis growers left out of carbon-tax rebate
Other News
New Mexico legal adult-use marijuana sales exceed $300 million in first year
MYND DRINKS becomes official CBD partner of the Chicago Cubs
NBA to allow players to promote, invest in and consume cannabis
As marijuana break-ins skyrocket in California, business owners take action
Homeless housing expansion in L.A. shrinking map for zoned cannabis retail
TerrAscend Promotes Ghanem to CEO