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MI HB4921

Bill

Official Source

Status

Passed

12/7/2021

Primary Sponsor

Roger Hauck

Click for details

Origin

House of Representatives

101st Legislature

AI Summary

  • Amends section 701 of the Medical Marihuana Facilities Act (2016 PA 281) regarding financial statement submission requirements for licensees.

  • Requires licensees to submit financial statements to the marijuana regulatory agency and municipality every 3 years or at shorter intervals as determined by the regulatory agency.

  • Mandates that financial statements be reviewed and certified by a licensed certified public accountant under Michigan's occupational code (1980 PA 299, MCL 339.720 to 339.736).

  • Specifies that licensees must pay the certified public accountant's compensation directly to the accountant, not through the regulatory agency or municipality.

  • Takes effect immediately upon approval (December 7, 2021).

Legislative Description

Medical marihuana: facilities; financial statements required to be submitted by facilities; modify due date. Amends sec. 701 of 2016 PA 281 (MCL 333.27701).

Medical marihuana: facilities

Last Action

Assigned Pa 119'21 With Immediate Effect

12/7/2021

Committee Referrals

Regulatory Reform5/26/2021

Full Bill Text

No bill text available