cannabusiness

Where Can I Buy Recreational Marijuana in Michigan?

2020-03-25T13:45:30-05:00December 9th, 2019|

On Dec. 1st, hundreds of people lined up in Ann Arbor to buy marijuana during the first day of Michigan’s legal adult-use (“recreational”) sales. The first day raked in approximately $221,000 in profits, marking a successful first day for sales of recreational product. This is despite there only being three provisioning centers (“dispensaries”) licensed to [...]

Requirements for Licensed Cannabis Businesses on Selling Marijuana Vape Pens

2019-12-05T14:43:23-05:00December 5th, 2019|

On Wednesday, Nov. 27th, 2019, the Marijuana Regulatory Agency (MRA) released a technical bulletin in accordance with Rule 3 of the Emergency Rules for Manufacturing of Marihuana. This bulletin advises licensees on the requirements for selling marijuana products "intended for inhalation" (aka THC containing products that can be vaped). On Nov. 22nd, the MRA issued [...]

What is the 10% Rule for Michigan Cannabis Licenses? 

2020-02-20T10:45:58-05:00November 13th, 2019|

All Michigan cannabis licenses start with a prequalification application. Prequalification is the State of Michigan’s background check process for entities and individuals hoping to own and operate marijuana establishments. Prequalification involves a significant audit and review of the applicant entities financial and operational history, as well as a review of all significant stakeholders and their [...]

Annual Financial Statements Required by the MRA for FY 2019

2020-03-20T12:18:02-05:00November 11th, 2019|

UPDATE 3/20/2020: To all of our valued clients, we would like to update you on some very important matters affecting us all. Amid all the craziness and uncertainty surrounding your tax filing obligations, here is what we know now: The tax filing (and payment) due date for individuals and C corporations is now July 15th [...]

Employee Background Checks for Cannabis Business Licensees

2020-02-20T10:59:04-05:00October 15th, 2019|

On Oct. 9, 2019, the Marijuana Regulatory Agency (MRA) released a bulletin advising all licensees on the hiring process of prospective employees. Can a licensee hire an employee with a felony? All licenses, including adult-use establishment licensees, must conduct background checks on all prospective employees before hiring them according to section 405 of the Medical Marijuana Facilities [...]

Is It Too Late to Get Into the Legal Cannabis Industry?

2020-02-20T11:07:35-05:00October 11th, 2019|

The legal marijuana industry grew to $10.4 billion in 2018 in the United States and employs more than 250,000 people, according to research firm New Frontier Data. With the cannabis industry booming and changing constantly, it may seem overwhelming and deterring if you’re thinking of breaking into the industry. You might ask: is it too late to [...]

Register for Our Marijuana Event

2019-09-17T09:00:55-05:00August 26th, 2019|

Are you, or are you about to be, a marijuana facility license holder in the State of Michigan? If so, you should be interested in information and advice about how to maximize your cannabis business’ potential success. The ‘Cultivating A Successful Cannabusiness’ seminar, presented by Cannabis Legal Group, is for cannabis business licensees and especially those whom [...]

Defining Trade Samples in the Cannabis Industry

2019-08-14T09:23:19-05:00August 9th, 2019|

Trade samples are a vital part of the cannabis industry and aid in providing a higher quality of product to consumers. The recently released adult-use emergency rules from the Marijuana Regulatory Agency (MRA) contain information on how licensed companies can provide such samples to other licensed companies and its own employees. Rule 53 of the [...]

Why Your Cannabusiness LLC May Want To Be Taxed as a C Corporation

2019-08-02T08:57:55-05:00July 25th, 2019|

The Limited Liability Company (LLC) is a flexible business structure that offers limited liability protection to its owners. For many business owners, it is a preferred type of business entity because it is generally cheaper and easier to set up a LLC, you can structure it to be member-managed or manager-managed, and it avoids the “double [...]

Michigan Microbusinesses: All You Need to Know

2019-07-26T15:16:04-05:00July 19th, 2019|

Ever since the Michigan Regulation and Taxation of Marihuana Act (MRTMA) passed in November 2018, one of the most talked about opportunities in Michigan's upcoming adult-use market has been the microbusiness license.  For months, individuals and companies eager to apply for a microbusiness license wondered exactly what the requirements would be and what the application [...]

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