cannabusiness

Register for Our Marijuana Event

2019-09-12T14:17:01-05:00August 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 [...]

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 [...]

Legal Cannabis Delivery Comes to Michigan

2019-05-29T09:33:55-05:00May 29th, 2019|

In 2019, almost anything we want can deliver to us in hours whether it’s food, groceries, wine, medications, pet supplies or diapers. Since today’s apps allow us to conveniently purchase an abundance of items from the comfort of our homes, medical marijuana is something that should be considered as well. Cannabis delivery licenses in Michigan [...]

Market Your Cannabusiness on Social Media

2019-08-08T13:19:24-05:00May 22nd, 2019|

With the number of cannabusinesses exploding across the United States, it’s more important than ever to employ marketing in your business plan. Today, social media is one of the most vital and inexpensive tools at your disposal for your cannabusinesses’ marketing plan. However, before you jump on social media and start posting, there are a [...]

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