cannabusiness

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 [...]

How Securities Law Affects Your Cannabusiness

2019-06-11T15:44:40-05:00May 20th, 2019|

When filing an application for a cannabusiness facility license from the state, the Marijuana Regulatory Agency (MRA) requires a copy of the LLC’s Operating Agreement or corporation’s Bylaws. This is to review how the company is structured. Additionally, common practice in this industry is to place a disclaimer on the front page of the document [...]

Growing and Going Green for a Municipal License

2019-06-11T10:03:01-05:00May 10th, 2019|

Whether for medical or adult-use, the demand for legal cannabis is rapidly increasing. In Michigan, those who want to become a part of the cannabusiness industry need to gain both state and municipal licenses.  With so many entrepreneurs seeking a municipal license, it's important to submit a competitive and impressive application in order to stand [...]

Top 5 Tools to Protect Your Cannabusiness and Employees

2019-06-26T14:58:02-05:00May 8th, 2019|

Obtaining a medical marijuana business license is a long and thorough process. Therefore, it's important to keep your eye on licensure. Congratulations, you’ve passed the finish line and you are a fully licensed cannabusiness! But what about after you’ve obtained your license? This is where we commonly see the wheels fall off the wagon and [...]

5 Fast Facts and Updates about the MRA

2019-05-06T08:29:37-05:00May 6th, 2019|

On April 30, the Michigan Marijuana Regulatory Agency (MRA) established through Gov. Whitmer’s Executive Order 2019-7. Led by Executive Director Andrew Brisbo, the MRA implements fresh practices to streamline the application process and ensure safe access to marijuana products. This agency replaces the Medical Marijuana Licensing Board, whose inefficiencies became notorious among potential applicants. Since [...]

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