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 to other taxpayers, such as the agricultural exemption, the industrial processing exemption, and the resale exemption.
Grapp Lerash’s involvement in the cannabis industry includes collaboration with clients in every specialty (cultivation, processing, secure transport, safety compliance, and provisioning). We also work closely with state regulators to help ensure our clients avoid potential pitfalls in an ever-changing compliance environment.
Let us know how we can help by reaching out to one of our advisors at (989) 327-1400.
A qualifying cultivation business can claim a valid agricultural production exemption by filling out Form 3372 and presenting it to your vendors.