Top 5 Marijuana License Application Mistakes
People wanting to operate a marijuana facility in Michigan must file a license application.
The application consists of an application packet including attestations, disclosures, and extensive supporting documentation.
Therefore, it’s critical to file a complete and accurate application in order to avoid receiving a deficiency notice, a delay in licensing, or an outright application denial.
Do you need help filing a marijuana facility license application? Request a consultation now.
1. Submitting Incomplete Bank Statements
You must submit three (3) years of statements for each listed financial account with the application.
Missing months, years, or account statements will result in a deficiency notice.
Additionally, you’re required to supplement the missing information.
This will cause a delay in licensing.
2. Failure to Submit W-2s or 1099s, Property Documentation, etc.
If something is required, but doesn’t apply to you, you need to explain why the required documentation isn’t applicable.
Leaving an item blank will result in a deficiency notice.
Furthermore, the Marijuana Regulatory Agency (MRA) will seek additional information which can cause a delay in licensing.
Do you need help filing a marijuana facility license application? Request a consultation now.
3. Failure to File Disclosures for All Required Parties
Failure to file disclosures for all appropriate parties will result in a delay in licensing and could lead to the additional vetting of parties.
According to the MRTMA, those who must file disclosures are:
- the applicant
- an officer, director, and managerial employee of the applicant
- any person who holds any direct or indirect ownership interest in the applicant
- those persons who are a “true party of interest”
Find additional information here: Who is Required to File Disclosures
4. Failure to Fully Disclose Criminal history
You may wonder, do I have to disclose all criminal history, even if it happened years ago?
Or, if I don’t disclose my criminal history, will they find out?
According to Michigan law, you must fully and truthfully disclose your criminal history.
This is regardless of whether the offense was reversed on appeal, reduced, expunged, set aside, pardoned, etc.
If your application would benefit from expungement, we can help you.
5. Failure to Submit Tax Documents
You must submit three (3) years of federal, state, and local (if applicable) tax documents.
Missing tax information will result in a deficiency notice and could cause a delay in licensing.
Avoid These Mistakes On Your Marijuana Facility License
The majority of applicants are anxious and therefore, hurry to submit their applications without double checking it.
Rushing, skipping steps, or submitting incomplete documentation will cause delays or denial.
Hiring an experienced and proven cannabis attorney that will submit an accurate and thorough application greatly improves the chances of your licensing success.
Do you need help filing a marijuana facility license application? Request a consultation now.
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