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What to Remember for Michigan’s First Legal Adult-Use Cannabis July 4th

2019-07-12T13:24:47-05:00July 1st, 2019|

This July 4th holiday marks the first for legalized adult-use cannabis consumption and possession in Michigan. While exciting, it’s also important to remain cautious of the following when traveling and vacationing on this holiday: 1. You still cannot smoke cannabis in public An adult using marijuana in public is punishable by a $100 fine. However, [...]

What Michigan Can Learn from Other States’ Cannabis Laws

2019-06-28T09:38:39-05:00June 28th, 2019|

The cannabis industry has been riding a wave of progressive movement this past week as Illinois and Massachusetts made significant strides in legalizing cannabis, addressing social equity concerns, and normalizing the use of marijuana in public. For almost 8 months, Michigan has been hailed as a beacon of light for the marijuana industry as the [...]

Contact Your Senator to Protect Michigan’s Cannabis Laws

2019-06-24T08:22:09-05:00June 24th, 2019|

In a 267-165 vote on Thursday, t​he U.S. House of Representatives ​approved a bipartisan amendment to protect states with legal marijuana programs from U.S. Department of Justice interference and enforcement. More specifically, the amendment to the fiscal year 2020 Commerce-Justice-Science spending bill​ prohibits the Justice Department from using funds to prevent states from implementing their adult-use [...]

Revised MMFLA Application Forms: What You Should Know

2019-06-21T08:31:01-05:00June 21st, 2019|

The Michigan Regulatory Agency (MRA) recently made revisions to the MMFLA Application Forms in order to streamline the application intake, review and approval process. The MRA is continuing to utilize a two-step application process for state operating licenses in Michigan consisting of prequalification and facility licensing, but made the following changes to the application forms:  [...]

Creating your Cannabusiness: Is an LLC Right for You?

2019-06-26T14:48:15-05:00June 19th, 2019|

A limited liability company (LLC) is defined as a simple business structure. LLCs combine characteristics of a partnership, sole proprietorship and corporation but remains an unincorporated association. There are a number of advantages to establishing your cannabusiness LLC, but four that especially stand out as it relates to the cannabis industry.  Limited Liability  As the [...]

The MRA: What’s New and What’s Next

2019-06-17T13:38:07-05:00June 17th, 2019|

(Courtesy of Michigan.gov) L-R Lindsay Russman, Colleen Curtis, Krista Moorman, Andrew Brisbo, Sara Hernandez, Kristie Jordan, Desmond Mitchell, Jennifer Piggott, Michella Marshall, Kavita Kale, Brian Hanna. In kicking off the Marijuana Regulatory Agency’s (MRA) first public meeting on Thursday, Jun. 14, 2019, Executive Director Andrew Brisbo stressed the agency’s commitment to “outreach, education [...]

Identifying and Disclosing your Cannabusiness’ “Managerial Employees”

2019-06-27T13:35:16-05:00June 14th, 2019|

After obtaining a cannabis business license, maintaining a stellar track record of compliance with the laws and rules is essential​ to your company’s continued success. To achieve this goal, your company must know all applicable regulatory requirements. This is to ensure that the business stays above board and does not incur fines, sanctions, or worse [...]

Looking Beyond the Paperwork: Corporate Governance Practices

2019-06-26T14:52:44-05:00June 12th, 2019|

Operating agreements​, ​bylaws​, corporate books and meeting minutes. These are the basic documents when people think of “corporate governance." After all, they define the structure of the company and how the business governs itself. However, in today’s economy, corporate governance needs to extend beyond just the documents. Corporate governance is not just ​how y​our board [...]

Three Economic Benefits of the Hemp Industry

2019-06-12T11:54:47-05:00June 5th, 2019|

As a dominant crop in the colonial times, hemp is a renewable resource that refines into textiles, paper, beauty products and more. However, the industry’s steam diminished with the passage of the Marihuana Tax Act of 1937. With the government’s heightening fears about marijuana (see ​“Reefer Madness” [1936]​), all forms of cannabis sativa plants - [...]

Barton Morris Leads Team in D.C. to Lobby for SAFE Banking Act

2019-06-03T09:19:06-05:00June 3rd, 2019|

The lack of traditional financial services is the biggest problem the cannabis industry faces today. Without the ability to use banks, our annual $12 billion industry relies mostly upon cash transactions, which is a significant safety issue. Without access to institutional capital, the industry relies wholly upon private equity financing which: Eliminates many small business [...]

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