Week of March 12 - March 17, 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 (March 12 - March 17, 2023):
67,127 1A MRBs + 3,648 1B MRBs = 70,775 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.
Mergers & Acquisitions
Labstat Inc., A Certified Group Company, Partners With Toxys to Offer ToxTracker® Assay
Pelemix announces acquisition of Even-Ari Green Ltd. (French language)
Negative News
Marijuana MSOs sue New York over adult-use retail license delay
5 Canadian cannabis producers face May deadline in ‘extracts/edibles’ conflict
NY’s cannabis regulators sued again, this time by the big players
Louisiana's largest CBD manufacturer sues state to keep products on shelf. Here's why.
Mexican National Gets 10 Years for Growing Over 6,500 Marijuana Plants in the Shasta-Trinity National Forest
Legalization & Regulation
Kentucky Medical Cannabis Bill Passes Senate Committee
New Hampshire House Votes To Legalize Marijuana With No Regulations Or Limitations
Delaware Senators Approve House-Passed Marijuana Legalization Bills In Committee
Maryland adult-use marijuana bill heads to Senate after House approval
Licensing Related
Washington State regulators remind about March 30 deadline to submit social equity marijuana retail license applications
Legislation in Washington Would Create 100 Cannabis Licenses for Social Equity Applicants
With cannabis cultivator cap lifted, growers face New Jersey’s challenges
International
Germany confident EU will approve recreational cannabis legalization blueprint
Other News
Arkansas cannabis grower suing insurer after claim denied
Ontario Chamber of Commerce calls on province to allow cannabis lounges
Kris Krane returns to marijuana MSO 4Front Ventures with board seat
Tilt Holdings marijuana vape subsidiary Jupiter Research refinances debt
Medical marijuana sales in Arkansas reach $22.4 million in February
Trademark lawsuit abandoned against marijuana MSO Green Thumb
Colorado Operators See 'Bubble Deflating' as Cannabis Prices Continue to Fall
New York Gov. Kathy Hochul Announces Opening of Adult-Use Cannabis Dispensary in Ithaca
Outstanding Debt Between Cannabis Licensees Must be Paid, Colorado Regulators Warn
Medical marijuana limits to increase in North Dakota
Kushfly Now Providing Hemp, Delta THC, and CBD Shipping Throughout the USA
Fluent Hosts Grand Opening of 30th Florida Medical Cannabis Dispensary in Jacksonville
Georgia representative says she consulted with medical marijuana company trying to win recent bid