MMFLA; PROOF OF FINANCIAL RESPONSIBILITY                                                                             S.B. 461 & 462:

                                                                                                                                                                                                      SUMMARY OF BILL

                                                                                                                                                                        REPORTED FROM COMMITTEE

Senate Bills 461 and 462 (as reported without amendment)

Sponsor:   Senator Curtis S. VanderWall (S.B. 461)

                            Senator Paul Wojno (S.B. 462)

Committee:   Regulatory Reform

CONTENT

Senate Bill 461  would amend the Medical Marihuana Facilities Licensing Act (MMFLA) to do the following:

 --       Require a proof of financial responsibility for a licensee under the Act to be a liability insurance policy that met all of the bill's requirements.

 --       Require a licensee or applicant to include with its filing of proof of financial responsibility for liability an attestation of compliance.

 --       Require the Marijuana Regulatory Agency to suspend a licensee's license until the licensee provided the required proof of financial responsibility if the licensee failed to maintain it.

 --       Refer to the Marijuana Regulatory Agency instead of the Department of Licensing and Regulatory Affairs and the Medical Marihuana Licensing Board.  

Senate Bill 462  would amend the MMFLA to modify a provision requiring the Medical Marihuana Licensing Board to issue a license to an applicant who meets the prescribed qualifications to refer to the Marijuana Regulatory Agency instead of the Board.  

The bills are tie-barred.

MCL 333.27408 (S.B. 461)                                                                         Legislative Analyst:   Christian Schmidt

            333.27402 (S.B. 462)

FISCAL IMPACT

The bills would have no fiscal impact on State or local government.

Date Completed:   6-22-21                                                                               Fiscal Analyst:   Elizabeth Raczkowski

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.