On Tuesday, Michigan Governor Gretchen Whitmer signed Senate Bill 203 to amend the definition of “applicant” in the Medical Marihuana Facilities and Licensing Act to match the definition that was passed into law in the previous legislative session. Senator Michael MacDonald (SD-10) sponsored the bill.
Senate Bill 203, which passed with bipartisan support, clarifies and streamlines the licensing process for medical marijuana and industrial hemp. This bill would define the term applicant as anyone with a stake in a company greater than 10 percent, and would require those applicants to undergo the standard vetting process. However, stakeholders with an ownership of 10 percent or less would see the process streamlined.
Senate Bill 203 will take effect immediately after its enactment.
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