MI SB0462

Amends the medical marihuana licensing law to establish conditions for the marijuana regulatory agency to issue licenses, including submission of a complete application, payment of nonrefundable application fees, and determination of applicant qualification.

Adds ineligibility criteria for license applicants, including felony convictions within 10 years (except non-distribution marihuana offenses), misdemeanor controlled substance or dishonesty convictions within 5 years, and prohibition on employees of the marijuana regulatory agency or holders of elective office.

Allows consideration of additional factors in license decisions such as applicant's business probity, financial ability, criminal history, bankruptcy history, tax delinquency, and regulatory compliance record.

Requires applicants to submit fingerprints to the department of state police for criminal history checks, with fingerprints retained in an automated fingerprint identification system database and forwarded to the Federal Bureau of Investigation.

Establishes that licenses are issued for 1-year periods and are annually renewable if the licensee applies timely, pays regulatory assessments, and meets all act requirements; allows 60-day renewal grace period with late fees.

This amendment does not take effect unless Senate Bill No. 461 of the 101st Legislature is also enacted (tie-bar provision).