Michigan municipalities to share nearly $60M in recreational marijuana tax revenue March 1, 2023 AggregatedNews Michigan 0 Comments More than $59.5 million will be distributed among 224 Michigan municipalities and counties that allow recreational marijuana sales, the state’s Department of Treasury announced Tuesday. Each eligible municipality will receive more than $51,800 for every licensed recreational marijuana retail store… Read More→
Michigan’s New Cannabis Liability Insurance Requirements Raise Concerns by Licensees, Insurers January 11, 2022 Ian Stewart Insurance, Michigan 0 Comments Authors: Ian A. Stewart and William S. Cook Michigan has adopted new legislation that unintentionally may make Michigan cannabis companies and their insurers scramble to determine how to comply with onerous regulations around mandatory product liability insurance. Without materially consulting… Read More→
Michigan distributes $10 million in tax revenue to communities with recreational marijuana businesses March 5, 2021 AggregatedNews Michigan 0 Comments The Michigan Department of Treasury is distributing nearly $10 million to more than 100 communities as a part of the Michigan Regulation and Taxation of Marijuana Act. More than $341 million in adult-use marijuana sales were reported for fiscal year… Read More→
Michigan accepting adult-use recreational marijuana licenses Friday October 30, 2019 AggregatedNews Michigan 0 Comments The Marijuana Regulatory Agency (MRA) will begin accepting applications for marijuana licensing under the Michigan Regulation and Taxation of Marijuana Act (MRTMA) this Friday, November 1st. “Our team has done a tremendous job preparing for this day and we’re excited… Read More→