corporate governance

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 [...]

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 [...]

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 [...]