MEDICAL MARIJUANA; STATEMENT DUE DATES                                      H.B. 4921 (H-1):

                                                                              SUMMARY OF HOUSE-PASSED BILL

                                                                                                         IN COMMITTEE

House Bill 4921 (Substitute H-1 as passed by the House)

Sponsor:  Representative Roger Hauck

House Committee:  Regulatory Reform

Senate Committee:  Regulatory Reform

Date Completed:  10-26-21

CONTENT

The bill would amend the Medical Marihuana Facilities Licensing Act to require a licensee to transmit to the Marijuana Regulatory Agency (MRA) and a municipality financial statements of the licensee's total operations every three years, or a shorter period as determined by the MRA, instead of no later than 30 days after the end of each State fiscal year, as is currently required under the Act.  

MCL 333.27701                                                    Legislative Analyst:  Christian Schmidt

FISCAL IMPACT

The bill would have no fiscal impact on State or local government.

                                                                           Fiscal Analyst:  Elizabeth Raczkowski

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.