Week of June 17 - June 23, 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 (June 17 - June 23, 2023):
72,780 1A MRBs + 3,689 1B MRBs = 76,469 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.
Acquistion/Merger
Tilray Brands completed its acquisition of HEXO Corp.
TerrAscend Receives Regulatory Approval for Acquisition of Peninsula Alternative Health
Adverse Media
Canopy Growth cuts 1,200 jobs in past year and issues ‘going concern’ warning
CO Health and Safety Advisory: Tumbleweed Steamboat (dba RK Enterprises)
NV Regulators Say Phantom Farms Product Tests Positive for Aspergillus
First NY Enforcement Action Yields 1000 Pounds, $11M in Illegal Cannabis Product
Big California marijuana distributor Herbl collapses, brands left unpaid, sources say
Michigan Regulators Ban Klean Herbal Solutions After Violations
SEC Fines Marcum $10 Million for Improper SPAC Audits
Litigation
Group opposes ‘fire sale’ of troubled cannabis retailer Fire & Flower
Lawsuit Against Dreamfield Brands Over THC In Pot Products Can Go On, Judge Says
Investors Seek Approval To NY Class Action Notice Of $2.9M iAnthus Stock Drop Deal
IAnthus Stole $4.5M From Cannabis Company, a MD Lawsuit Claims
NLRB Fights Curaleaf’'s Bargaining Order Challenge At DC Circuit Court
Alabama Judge Halts Medical Marijuana Licensing Amid a Lawsuit About Scoring
Legalization & Regulation
Hemp Producers, Regulators Seek Clarity on Cannabinoids in the Farm Bill
More States Try Taking Cannabis Testing to a Higher Standard
NJ Marijuana Regulators Grilled By Lawmakers At Hearing On Legalization Implementation
Judge cancels tweaks of Arkansas medical marijuana laws
LA governor signs bill on medical MJ business license transferability, pharmacy satellite locations
NH Lawmakers Reach Deal To Create Marijuana Commission To Formulate State-Run Sales Model
Senate confirms Coupe as Delaware marijuana commissioner
Licensing Related
NV eases marijuana consumption lounge rules, issues first licenses
Missouri to accept marijuana microbusiness license applications starting July 27
CA Dept. of Cannabis Control awards $4M to expand access to licensed cannabis retail
Preparing For Md. Adult-Use Cannabis: Licensing Provisions
Preparing For Md. Adult-Use Cannabis: Operations And More
Markets
Utah regulators posted a monthly update about the medical cannabis program
Cannabis operator TerrAscend wins conditional approval to list on Toronto Stock Exchange
Metrc Announces Renewal of Track-and-Trace Government Contract with State of Ohio
International
Colombian Bill To Legalize Marijuana Stalls In Final Senate Vote, Despite Majority Support