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Cash Is King: LARA Clarifies Capitalization Requirements for Medical Marijuana Businesses

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By John W. Fraser Medical marijuana entrepreneurs seeking to start their own “cannabusiness” will have to show fairly significant liquid capital assets as a prerequisite to obtaining a license to operate. We previously covered the comments from LARA's Director of the Bureau of Medical Marihuana Regulation Andrew Brisbo from the October 17, 2017 Medical Marihuana [...]

Lansing Marijuana Referendum Has Officially Failed: City Council’s September 2017 Marijuana Facilities Ordinance to Stay in Full Effect

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By John W. Fraser Lansing marijuana activists have failed in their efforts to secure a referendum on Lansing City Council's September 2017 medical marijuana ordinance. The activist group known as “Let Lansing Vote” sought to repeal or secure a city-wide vote on Lansing City Council's September 2017 ordinance regarding medical marijuana facilities. The September 2017 [...]

Marijuana Referendum Fails (For Now): Lansing Medical Marijuana Ordinance Back in Effect

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By John W. Fraser Marijuana laws seem to change in the blink of an eye. Earlier today, Lansing City Clerk Chris Swope announced that the petition for a referendum on Lansing City Council's September 2017 medical marijuana ordinance did not contain enough valid signatures. We previously outlined the confusing mess of Lansing's medical marijuana facility [...]

Show Me The Money!: LARA Wants to See the Green Before Issuing Medical Marijuana Facility Licenses

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By John W. Fraser Medical marijuana entrepreneurs seeking to start their own “cannabusiness” will likely have to show pretty significant liquid capital or cash assets as a prerequisite to obtaining a license to operate. LARA's Director of the Bureau of Medical Marihuana Regulation Andrew Brisbo announced LARA's intended capitalization requirements at the October 17, 2017 [...]