- Michigan Marihuana Administrative Rules Proposed Changes Available for Review
The Michigan Cannabis Regulatory Agency has published proposed changes to the administrative rules (R 420.1 to R 420.1005). A public hearing on these proposed changes is, according to the CRA, supposed to take place early this year.
Why it Matters: The proposed changes (which are summarized by the CRA here) are extensive and, if enacted, will affect licensing, financial compliance, monitoring, and other important issues.
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- Michigan Senate Still Reviewing Bills on Minimum Wage, Paid Sick Leave
Last week, the Michigan House of Representatives passed HB 4001 and 4002, which addressed the coming changes to the minimum wage law and the Earned Sick Time Act (ESTA), respectively, which are set to go into effect on February 21, 2025. The bills were sent to the Senate for consideration, which at this moment, has yet to act on them.
Why it Matters: This comes in response to a significant Michigan Supreme Court from last summer that reimplemented a citizen initiated law mandating raising minimum wage to $15 by 2028, phasing out the tipped minimum wage system, and requiring paid sick time for nearly every Michigan worker.
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- Michigan Cannabis Eclipses $10 Billion to Date
Michigan cannabis sales have exceeded $10 billion to date, since the state began selling adult-use marijuana in December 2019. In 2024 alone, the state made over $3 billion in sales of adult-use marijuana.
Why it Matters: While the prices of cannabis and cannabis-related products continue to decrease and make consumers happy, growers on the other hand are seeing profits decrease resulting in them seeking ways to halt new licenses to be granted in an effort to steady prices.
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- Governor Whitmer Signs New Law Requiring Businesses to Display Resources Poster for Veterans
This week, Governor Whitmer signed into law a new act, called, “veteran’s employee resources act,” that now requires businesses to display a poster in a conspicuous place that has information related to veterans’ services, such as military/veterans’ affairs, mental health and substance abuse services, and tax benefits.
Why it Matters: This act will go into effect April 2, 2025. Businesses will need to display the proper information poster, or face repercussions if they do not.
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- Corporate Transparency Act Update – U.S. Supreme Court Lifts Nationwide Injunction
Last week, the United States Supreme Court granted the government’s request to lift the nationwide injunction that had been preventing enforcement of the Corporate Transparency Act (“CTA”). However, in response to the Supreme Court’s order, FinCEN has provided the following guidance.
Why it Matters: As a separate nationwide order issued by a different federal judge in Texas (Smith v. U.S. Department of the Treasury) still remains in place, reporting companies are not currently required to file beneficial ownership information with FinCEN despite the Supreme Court’s action in Texas Top Cop Shop. Reporting companies also are not subject to liability if they fail to file this information while the Smith order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. Read more.
Related Practice Groups and Professionals
Cannabis Law | Sean Gallagher
Business & Tax | Robert D. Burgee
Labor, Employment & Civil Rights | David Houston