Medical Marijuana Update

A fairly quiet week on the medical front, with just a couple of states making some program changes.

Michigan

Michigan Governor Signs Bill to Aid Medical Marijuana Growers. Gov. Gretchen Whitmer (D) has signed into law House Bill 4921, which amends the Michigan Medical Marijuana Licensing Act so that licensed growers only have to submit financial statements to regulators every three years instead of every year, as has been the case. Whitmer said the bill will make financial reporting easier for growers.

New Jersey

New Jersey Regulators Approve Provisional Licenses for 30 New Medical Marijuana Dispensaries. Finally, state regulators have provided provisional licenses to 30 applicants seeking to run medical marijuana facilities. So far, there are only 23 such facilities in the state, leading to high prices and supply bottlenecks for patients, who are not permitted under state law to grow their own. Provisional licensees still have to pass background checks and win site approval before they can open for business.

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