Week of April 15 - April 21, 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?
You've come to the right place.
Hashing Out the Truth
CRB Monitor’s database growth by the numbers.
Tier 1 Marijuana-Related Business Counts
Weekly Summary (April 15 - April 21, 2023):
67,798 1A MRBs + 3,657 1B MRBs = 71,455 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
Schwazze buying Denver marijuana shop from Standing Akimbo for $10.5 million
Fire & Flower, Couche-Tard sign cannabis retail licensing deal for Canada, abroad
Adverse Media
Health and Safety Advisory: Long Gone Farms LLC (dba Steel City Meds Medical Dispensary)
3 companies sue Alabama cannabis commission for licensing process
Trulieve legal settlement comes amid scrutiny of racial bias in cannabis industry
PharmaCann Virginia Loses Appeal Over Disputed Cannabis License
CEO of embattled Michigan marijuana company Skymint steps down
Green Thumb cannabis store workers go on strike ahead of 4/20
Minnesota Board of Pharmacy says mold is in Wonky Weeds delta-9 syrup
Nevada regulators warn of unapproved pesticides in Circle S Farms cannabis
Legalization & Regulation
Bills to Regulate Adult-Use Marijuana in the Mid-Atlantic Sit on Governors’ Desks
South Dakota adult-use marijuana initiative could pass in 2024, poll shows
US House bill would would grant marijuana companies federal tax relief
Cannabis Regulators Association urges action on federal cannabis policy
Licensing Related
90 Alabama applicants advance to medical marijuana license review
Ohio's Second Round of Dispensaries Slow to Open
New York campaign highlights licensed marijuana retailers
International
Citizens' initiative to legalise cannabis heads to Finnish Parliament after 4/20 peak
As Canadian medical cannabis slump continues, survey says cost an issue
Other News
Cannabis retailers extending 4/20 promotions from 1 day to up to a month
Cannabis sales software provider Dutchie goes down nationwide on 4/20
Missouri marijuana companies face product shortages, price hikes after adult-use launch
Total monthly marijuana sales in Rhode Island reach $8.7 million
USDA report: Hemp production value drops 71% in 2022