Week of April 22 - April 28, 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 22 - April 28, 2023):
68,699 1A MRBs + 3,666 1B MRBs = 72,365 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
U.K.-based CBD brand Naturecan acquires IAH Oregon production facility
SC Labs Expands into Arizona with the Acquisition of C4 Laboratories
TerrAscend Expands Partnership with Cookies
Schwazze expands New Mexico cannabis footprint through $38 million acquisition
Adverse Media
Former Michigan marijuana regulator pleads guilty to taking bribes
Cookies faces lawsuits alleging kickbacks, personal enrichment
Legalization & Regulation
Adult-use OK’d in DE, Advances in MN and Dies in LA, while SAFE Act Reintroduced in DC
Bloomberg Law: Marijuana Research for Veterans’ Ailments Stumbles in Senate
Insurance Companies Could Work with Marijuana Businesses Under Bipartisan Bill in Congress
Licensing Related
Georgia issues first five medical dispensing licenses to Trulieve, Botanical Sciences
Vermont regulators post deadlines for marijuana cultivation license applications
Missouri Regulators Accepting Cannabis Microbusiness License Applications Early
IDFPR Announces Nearly 2,700 Applications Submitted for Adult-Use Dispensary Licenses
Other News
Pennsylvania Health Department Casts Shadow Over State’s Medical Marijuana Program
Cannabis producer Tilray makes U.S. list of largest craft brewers
Keurig founder joins executive team of accessories maker Convenient Cannabis
Cannabis vaporizer makers score ‘definitive’ victory in patent dispute
Dutchie admits ‘failures’ on 4/20, promises payout to marijuana retailers
Twitter further eases U.S. cannabis advertising rules, adds new markets