Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sponsor says payment‑on‑delivery bill will reduce nonpayment and fraud in Michigan marijuana supply chain
Summary
Representative Aragona presented a bill modeled on liquor laws that would require immediate payment (EFT/cash) upon marijuana product transfers and requested committee questions. Industry witnesses generally supported EFT plus a short return window; members raised concerns about federal banking limits and liquidity for smaller licensees.
Representative Justin Aragona presented a bill to the committee that would require payment when marijuana products move between licensees, modeled on existing liquor laws.
"This is cash on demand," Chair Justin Aragona said. "What this bill will require is that when that marijuana moves, from each of those licenses or within each of those licenses, that payment is then immediately required. This is, kinda copying and basing off of, a lot of our liquor laws, which is exactly what…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
