regulatory compliance

The Most Recent Update on the SAFE Banking Act

2020-01-24T15:13:06-05:00January 24th, 2020|

The Secure and Fair Enforcement Banking Act of 2019 passed the House of Representatives this past September with bipartisan support. This marked the furthest advancement of access to banking and financial services for cannabis related legitimate businesses. Though the bill passed by a vote of 321 to 103 in the House or Representatives, it appears [...]

MRA Introduces Proposed Marijuana Rule Sets

2020-01-14T10:46:52-05:00January 14th, 2020|

Soon, the Marijuana Regulatory Agency (MRA) will hold a public hearing to receive public comment on the proposed combined topic-based rule sets. The proposed topic-based rule sets are intended to provide clarity/consistency to those working in both the medical and adult-use markets. The rule sets provide for the implementation of a program to license medical [...]

What Can I Do with a Marijuana Product if it Fails Testing?

2019-11-20T09:20:27-05:00November 20th, 2019|

The Marijuana Regulatory Agency (MRA) released a technical bulletin on Friday, Nov. 15th to advise licensees on the process for dealing with a failed marijuana product(s).  When a marijuana product fails testing, a licensee has two options for the failed product, according to Rule 46 (R 333.246) of the Administrative Rules under the Medical Marihuana [...]

MRA Approves Transfer of Marijuana Between Equivalent Licenses

2019-11-15T13:51:48-05:00November 18th, 2019|

Adult-use dispensaries will be open to sell marijuana product throughout Michigan potentially as early as Dec. 1st, 2019. On Nov. 13th, the Marijuana Regulatory Agency (MRA) announced several exciting changes for those who hold equivalent licenses. Beginning December 1st, licensees who hold equivalent licenses may transfer marijuana product from the inventory of their marijuana facility [...]

What is the 10% Rule for Michigan Cannabis Licenses? 

2019-11-14T10:56:44-05:00November 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

2019-12-09T15:23:12-05:00November 11th, 2019|

The Michigan Marijuana Regulatory Agency (MRA) recently issued a bulletin to announce the required annual financial statements for fiscal year 2019, pursuant to Section 701 of the Medical Marihuana Facilities Licensing Act (MMFLA). This much anticipated guidance outlines the financial reporting requirement for licensees. Filing the Annual Financial Statements Per the MRA bulletin, requirements for [...]

Adult-Use Marijuana Applications Are Now Being Accepted

2019-10-31T15:39:34-05:00October 31st, 2019|

Today on Nov. 1st, 2019, the Marijuana Regulatory Agency (MRA) began accepting adult-use applications for marijuana licensing under the Michigan Regulation and Taxation of Marihuana Act (MRTMA). This was passed by the voters of the state of Michigan in November 2018. Similar to the process for medical marijuana application approval, the MRA will be utilizing [...]

Employee Background Checks for Cannabis Business Licensees

2019-10-15T12:58:09-05:00October 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?

2019-10-11T10:37:10-05:00October 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 [...]

MRA Announces Social Equity Program Expansion

2019-10-03T08:38:39-05:00October 3rd, 2019|

On October 2, 2019 the Michigan Regulatory Agency (MRA) announced that the Social Equity Program would be expanding eligibility to those who have been disproportionately impacted by cannabis laws and enforcement. What is the Social Equity Program? The program is designed to encourage participation in the marijuana industry from those in residing in disproportionately impacted [...]

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