Michigan HB5756 regulates the sale, purchase, and processing of marihuana in Michigan, establishing financial and operational standards for marihuana.

Michigan HB5756 amends the Michigan Marihuana Regulatory Act to establish financial and operational standards for marihuana establishments. It mandates that marihuana establishments pay for purchases and taxes via electronic funds transfer within specified timeframes. The bill outlines disciplinary actions for violations, including fines and license suspension or revocation. It also requires marihuana establishments to submit annual financial statements and prohibits certain financial arrangements and transfers of marihuana between establishments.

Michigan HB5756 regulates the sale, purchase, and processing of marihuana in Michigan, establishing financial and operational standards for marihuana.

Michigan HB5756 amends the Michigan Marihuana Regulatory Act to establish financial and operational standards for marihuana establishments. It mandates that marihuana establishments pay for purchases and taxes via electronic funds transfer within specified timeframes. The bill outlines disciplinary actions for violations, including fines and license suspension or revocation. It also requires marihuana establishments to submit annual financial statements and prohibits certain financial arrangements and transfers of marihuana between establishments.