MMFLA Regulatory Assessment Fees For FY 2021
As required by Section 603 of the Medical Marihuana Facilities Licensing Act (MMFLA), the amount of the regulatory assessment fee for licensed medical marijuana facilities is determined annually. These fees must be paid by those approved for licensure by the Marijuana Regulatory Agency (MRA) prior to issuance, or renewal of each state operating license. This article shares the MMFLA Regulatory Assessment Fees For FY 2021, what it means for licensees, and some thoughts on regulatory assessment fees.
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Lower MMFLA Regulatory Assessment Fees for FY 2021
As the cannabis industry matures in Michigan and the MRA continues to issue new licenses/renew existing licenses, regulatory costs are now spread across more payers into the marijuana regulatory fund.
This has resulted in a significant reduction to the regulatory assessment fee model for Fiscal Year 2021, which can be viewed below:
What Does This Mean For Licensees?
Each new licensee will pay the new license regulatory assessment listed above.
Additionally, each renewal license will pay the renewal regulatory assessment listed above based upon their market share during the previous fiscal year, as defined by Rule 420.7.
To expedite the renewal process, all new licenses issued to existing licensees will be prorated so that the expiration date for all licenses held by a licensee will have the same expiration date as the licensee’s initial state operating license.
The Takeaway on Regulatory Assessment Fees
The Marijuana Regulatory Agency Medical Facilities Licensing Section may be contacted by email at MRA-Applications@michigan.gov or by phone at 517-284-8599.
For more information about the Marijuana Regulatory Agency, please visit the MRA’s website.
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