AFS – First Notices Have Gone Out

AFS – First Notices Have Gone Out

by | Jan 3, 2023 | Uncategorized

The Cannabis Regulatory Agency (CRA) sent out first notices to licensees with Annual Financial Statements (AFS) due June 30, 2023. These notices detail the requirements to submit an AFS, the reporting period, the due date, and which licenses must be included in the...
September 15th is Coming Quick!

September 15th is Coming Quick!

by | Aug 16, 2022 | Uncategorized

If you filed for an extension of time to file for an S corporation or partnership tax return, the extended deadline is fast approaching. If your records are tax-ready, a return can be filed electronically at any time before the deadline to avoid a last-minute rush to...
Sales Tax Exemptions for Cultivators of Marijuana

Sales Tax Exemptions for Cultivators of Marijuana

by | Jul 8, 2022 | Uncategorized

With the issuance of Revenue Administrative Bulletin (RAB) 2020-17 (replacing RAB 2019-17), the Michigan Department of Treasury confirmed that state-licensed marijuana businesses may avail themselves of several sales use and tax exemptions that are generally available...
Medical Marihuana Licenses for Fiscal Year 2023

Medical Marihuana Licenses for Fiscal Year 2023

by | Jun 29, 2022 | Uncategorized

On Monday, the Michigan Cannabis Regulatory Agency released an advisory bulletin announcing licensing fees for Fiscal Year 2023. This has resulted in a significant reduction to the regulatory assessments beginning on October 1, 2022 and running through September 30,...