Medical Marihuana Facilities Licensing Act Regulatory Assessments for Fiscal Year 2022
July 20, 2021
The amount of the regulatory assessment for licensed medical marijuana facilities is determined annually as required by Section 603 of the Medical Marihuana Facilities Licensing Act and must be paid by those persons approved for licensure by the Marijuana Regulatory Agency (MRA) prior to issuance or renewal of each state operating license. As the market is maturing and the MRA continues to issue new licenses and renew existing licenses, regulatory costs are now spread across more payers into the marijuana regulatory fund. This has resulted in a significant reduction to the regulatory assessments for Fiscal Year 2022 (beginning October 1, 2021 and ending September 30, 2022):
Each new license issued will pay the new license regulatory assessment listed above and each renewal license will pay the renewal regulatory assessment listed above based upon their market share during the previous fiscal year, as defined by Rule 420.7.
To expedite the renewal process, all new licenses issued to existing licensees will be prorated so that the expiration date for all licenses held by a licensee will have the same expiration date as the licensee’s initial state operating license.
The MRA Licensing Section may be contacted via phone at 517-284-8599 or via email at MRA-Applications@michigan.gov. For more information about the Marijuana Regulatory Agency, please visit www.michigan.gov/MRA.
This advisory bulletin does not constitute legal advice and is subject to change. Licensees are encouraged to seek legal counsel to ensure their operations comply with the Medical Marihuana Facilities Licensing Act and associated Administrative Rules.