Category: Microbusinesses

Are you considering operating a marijuana microbusiness under the Michigan Regulation and Taxation of Marihuana Act (MRTMA)? If so, having an understanding of financial and tax implications in this regulated industry is critical for success.  Tax regulations, such as IRS code section 280E, have a significant impact on income tax expense for marijuana businesses.  Marijuana […]

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The Michigan Regulation and Taxation of Marihuana Act, or “MRTMA”, created a new license type for the Michigan recreational cannabis market—the microbusiness license. A microbusiness license allows the holder to grow up to 150 plants, process flower into marijuana products such as edibles and extracts, and sell direct to the consumer, all with one MRTMA […]

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The Michigan Marijuana Microbusiness license, sometimes incorrectly referred to as the “microgrow license”, presents an unique opportunity to caregivers and other Michigan residents looking to enter the state’s recreational marijuana market. A Microbusiness license allows the licensee to grow up to 150 marijuana plants, process them on-site, and sell direct to the recreational marijuana consumer. […]

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