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Courtesy of Michigan Administrative Rules
(5) The agency may administratively withdraw an application for a marihuana license that was
submitted and has been pending for more than 1 year. After an application has been
administratively withdrawn, the applicant may be required to submit a new application.
(6) The agency may administratively withdraw an amendment to any application or marihuana
license if the applicant or licensee fails to respond or submit documentation to cure all deficiencies
within 30 days after notice of the deficiency.
History: 2020 AACS; 2022 MR 5, Eff. Mar. 7, 2022.
R 420.4 Application requirements; financial and criminal background.
Rule 4. (1) Each applicant shall disclose the identity of any other person who controls, either
directly or indirectly, the applicant, including, but not limited to, date of birth, government issued
identification, and any other documents required by the agency.
(2) Each applicant shall disclose the financial information required in the acts and these rules on
a form created by the agency, which may include the following:
(a) For an applicant seeking licensure under the MMFLA, required information may include, but
is not limited to, all of the following:
(i) Financial statements regarding all of the following:
(A) A pecuniary interest.
(B) Any deposit of value of the applicant or made directly or indirectly to the applicant, or both.
(C) Financial accounts including, but not limited to, all of the following: funds, savings,
checking, or other accounts including all applicable account information, such as the name of the
financial institution, names of the account holders, account type, account balances, and a list of all
loans types specified by the agency, amounts, securities, or lender information.
(ii) Property ownership information, including, but not limited to, deeds, leases, rental
agreements, real estate trusts, or purchase agreements.
(iii) Tax information, including, but not limited to, W-2 and 1099 forms, and any other
information required by the agency.
(iv) Disclosure by the applicant of the identity of any other person who meets either of the
following:
(A) Controls, directly or indirectly, the applicant.
(B) Is controlled, directly or indirectly, by the applicant or by a person who controls, directly
or indirectly, the applicant.
(v) The sources and total amount of the applicant’s capitalization to operate and maintain the
proposed marihuana facility in compliance with R 420.11.
(vi) A financial statement attested by a certified public accountant (CPA), on a form created by
the agency, including a foreign-attested CPA statement, or its equivalent if applicable on
capitalization pursuant to R 420.11.
(vii) Information on the financial ability of the applicant to purchase and maintain adequate
liability and casualty insurance in compliance with R 420.10.
(viii) Any other documents, disclosures, or attestations created or requested by the agency that
are not inconsistent with the acts or these rules.
(b) For an applicant seeking licensure under the MRTMA all of the following may be required:
(i) Tax information, including, but not limited to:
(A) W-2 forms for the most recent tax year.
(B) 1099 forms for the most recent tax year.