Week of March 25 - March 31, 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 (March 25 - March 31, 2023):
67,327 1A MRBs + 3,647 1B MRBs = 70,974 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
Curaleaf acquires Utah medical cannabis retailer for $20 million
Negative News
Vermont cannabis grower Tall Truck fined $20K for Instagram post of out-of-state delivery
605 Cannabis sues state over inspection report
Legalization & Regulation
Kentucky lawmakers OK medical cannabis legalization, send bill to governor
Montana Senate bill aims to dismantle adult-use cannabis market
Congress allows Washington DC medical cannabis reforms to become law
Rewritten medical marijuana bill voted down in Georgia Senate
Goehring clarifies cannabidiol bill
Licensing Related
D.C. Medical Marijuana Expansion Bill Eliminating Licensing Caps Becomes Law Following Congressional Review
Court lifts injunction preventing marijuana retail licensing in New York
International
Denmark medical cannabis sales mostly on the rise, but pilot program sputters
Other News
Opinion: How craft cannabis producers can survive economic headwinds
Marijuana financier Safe Harbor Financial resolves $64.7 million debt
Marijuana lender Sweet Leaf Madison Capital closes $100 million debt facility
Good Grades, First Woman-Owned Dispensary Supported by New York's Social Equity Cannabis Investment Fund, Opens
Canadian province allows marijuana producers to give samples to stores
Aurora Cannabis warned by Nasdaq about low stock price
Toys R Us alleges New York marijuana store is infringing on trademark
Suspect unions’ effort to evade state law could hurt marijuana workers
Major Canadian pharmacy Shoppers Drug Mart exits medical cannabis