Bill Text: MI HB4921 | 2021-2022 | 101st Legislature | Engrossed
Bill Title: Medical marihuana: facilities; financial statements required to be submitted by facilities; modify due date. Amends sec. 701 of 2016 PA 281 (MCL 333.27701).
Sponsorship: Partisan Bill (Republican 1)
Status: (Passed) 2021-12-07 - Assigned Pa 119'21 With Immediate Effect [HB4921 Detail]
Download: Michigan-2021-HB4921-Engrossed.html
Substitute For
HOUSE BILL NO. 4921
A bill to amend 2016 PA 281, entitled
"Medical marihuana facilities licensing act,"
by amending section 701 (MCL 333.27701).
the people of the state of michigan enact:
Sec. 701. By 30 days after the end of each state fiscal year, each Every 3 years, or a shorter time period as determined by the marijuana regulatory agency, a licensee shall transmit to the board marijuana regulatory agency and to the municipality financial statements of the licensee's total operations. The financial statements shall must be reviewed by a certified public accountant in a manner and form prescribed by the board. marijuana regulatory agency. The certified public accountant must be licensed in this state under article 7 of the occupational code, 1980 PA 299, MCL 339.720 to 339.736. The compensation for the certified public accountant shall must be paid directly by the licensee to the certified public accountant.
