---
title: CRB Monitor | Weekly Update | June 24 - June 30, 2023
description: Highlighting growth of Tier 1A and 1B MRBs (marijuana-related businesses), marijuana business licenses and beneficial owners, with industry news to note.
image: https://www.crbmonitor.com/hubfs/1A%20MRB-070323.png
---
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# RESOURCES | Data Updates | Regulatory
CRB Monitor | Weekly Update | June 24 - June 30, 2023
##### Published on July 6, 2023
# Week of June 24 - June 30, 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 (June 24 - June 30, 2023):
72,870 1A MRBs + 3,690 1B MRBs = 76,560 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.
*
[Schedule Demo to See Full Database > ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLJD1yIF1IrCC2%2B2U0eNWdHj6Sn9vXOR%2FbensQH28M8tEuLHksMU8Vi2EfB5Iij5cm8TYEvDap1UvVsxxnrsM7e8Qun%2BCHYY8f5zRaS%2FZssISKgwXZpl4fSQ5%2F8%2BP0HO4q%2F%2B4c8HWm9fTboTa%2BXBCqbwZ3NxsEvKa6gzqh2KX%2BBBAYg8a0tSzFGlpsZec0b6yMlxb6ymGT%2FjkmT49lwU9Mcwsw%3D%3D&portalId=6526999)
## 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
#### [Megamerger between Cresco, Columbia Care still up in the air](https://mjbizdaily.com/marijuana-megamerger-between-cresco-columbia-care-still-up-in-air/) [](https://app.crbmonitor.com/businesses/15207) [](https://app.crbmonitor.com/businesses/25845) [Marijuana operator TerrAscend seals $25 million loan, acquires Maryland retailer](https://mjbizdaily.com/marijuana-operator-terrascend-seals-25-million-loan-acquires-maryland-retailer/) [](https://app.crbmonitor.com/businesses/11623) [](https://app.crbmonitor.com/businesses/12833) Adverse Media
[Cookies Baltimore fined $81K but will reopen for MD adult-use marijuana sales](https://mjbizdaily.com/cookies-baltimore-fined-will-reopen-for-maryland-adult-use-marijuana-sales/)[](https://app.crbmonitor.com/business-aliases/32585)
[Cannabis producer Tantalus Labs restructures, lays off workers](https://mjbizdaily.com/cannabis-producer-tantalus-labs-restructures-lays-off-workers/) [](https://app.crbmonitor.com/businesses/1713)
#### Litigation
[“Burner Distros” at the Center of Catalyst-Glass House Brands Legal Fight](https://www.crbmonitor.com/resources/burner-distros-at-the-center-of-catalyst-glass-house-brands-legal-fight) [](https://app.crbmonitor.com/businesses/26533) [](https://app.crbmonitor.com/individuals/2476)
[Marijuana businesses sue over new, higher licensing fees](https://tulsaworld.com/news/local/marijuana/marijuana-businesses-sue-over-new-higher-licensing-fees/article_b07ae29e-1751-11ee-a7cd-abcb0d923753.html)
[California Cannabis Growers Destroyed Own Operation, Undermined Loan, Lawsuit Claims](https://www.greenmarketreport.com/california-cannabis-growers-destroyed-own-operation-undermined-loan-lawsuit-claims/) [](https://app.crbmonitor.com/businesses/28874)
[CannaVer Investors Accused Of Falsely Smearing Former CEO](https://www.law360.com/cannabis/articles/1692845?nl_pk=ad32bb7e-75bf-4cee-8fb6-e1d8486c0c25&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2023-06-27&nlsidx=0&nlaidx=5) [](https://app.crbmonitor.com/businesses/37960)
#### Legalization & Regulation
[Florida gov OKs Black farmer medical marijuana licenses, MMJ telehealth](https://mjbizdaily.com/florida-governor-oks-black-farmer-medical-marijuana-licenses-mmj-telehealth/)
[Maryland Marijuana Legalization Law Officially Takes Effect As Adult-Use Sales Launch](https://www.marijuanamoment.net/maryland-marijuana-legalization-law-officially-takes-effect-as-adult-use-sales-launch/)
[Maine regulators issued guidance on testing requirements](https://mailchi.mp/maine/ocps-stakeholder-digest-june2023)
[Minnesota Dept. of Revenue Issued Guidance on New Cannabis Tax](https://www.revenue.state.mn.us/cannabis-tax)
[Green Thumb CEO upbeat that Florida will OK Circle K medical cannabis deal](https://mjbizdaily.com/green-thumb-circle-k-medical-cannabis-deal-approval-likely/) [](https://app.crbmonitor.com/businesses/201)
#### Licensing Related
[Montana regulators filed rules on marijuana testing laboratory licensees](https://mtrevenue.gov/wp-content/uploads/dlm_uploads/2023/06/42-1066tra-arm.pdf)
[Vermont regulators issued updated marijuana social equity guidance](https://mailchi.mp/c26dc25607e8/ccb-weekly-meeting-announcement-week-of-16730771)
Markets
[Michigan retailer Lume Cannabis reopens store, adds another](https://mjbizdaily.com/michigan-retailer-lume-cannabis-reopens-store-adds-another/) [](https://app.crbmonitor.com/businesses/37082)
[AYR Wellness Reaches Agreements to Defer Approximately $69M of Promissory Note Payments](https://www.globenewswire.com/news-release/2023/06/26/2694342/0/en/AYR-Wellness-Reaches-Contingent-Agreements-to-Defer-Approximately-US-69-Million-of-Promissory-Note-Payments.html) [](https://app.crbmonitor.com/businesses/26039)
[TerrAscend Corp. closed the first tranche of concurrent private placements](https://www.globenewswire.com/news-release/2023/06/26/2694527/0/en/TerrAscend-Upsizes-Previously-Announced-Offering-to-US-20-Million-and-Closes-US-16-Million-Initial-Tranche.html) [](https://app.crbmonitor.com/businesses/11623)
[Workers at The Botanist in Egg Harbor and Atlantic City, NJ, voted to ratify a bargaining agreement](https://www.businesswire.com/news/home/20230623534437/en/)
#### International
[Luxembourg OKs recreational marijuana ‘legalization’ – but without sales](https://mjbizdaily.com/luxembourg-approves-recreational-cannabis-legalization-but-without-sales/)
[Canada cracking down on words ‘soda’ and ‘cola’ on cannabis labels](https://mjbizdaily.com/canada-cracking-down-on-words-soda-and-cola-on-cannabis-labels/)
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