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regulatory compliance

5 Takeaways from the MRA’s Adult-Use Emergency Rules

2019-07-12T15:54:22-05:00July 12th, 2019|

On July 3rd, the Marijuana Regulatory Agency (MRA) released emergency rules concerning Michigan’s adult-use cannabis industry. Signed by Gov. Gretchen Whitmer, the emergency rules enable the MRA to fully implement the 2018 Michigan Regulation and Taxation of Marijuana Act (MRTMA). While these rules are exhaustive in nature, here are five main takeaways from the newly [...]

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 [...]

When Should I Update my Cannabusiness Bylaws?

2019-06-26T14:54:46-05:00May 31st, 2019|

Bylaws are written by or on behalf of a corporation's owners at the time of its founding. However, even if these are the rules that direct the company's operations, they're typically not revisited unless an issue arises. If you haven’t reviewed your bylaws since your corporation's founding, there are signs that may suggest revision.  Has [...]