Notice of CRA public hearing on proposed updated Rules

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Department of Licensing and Regulatory Affairs  
Cannabis Regulatory Agency  
Administrative Rules for Marihuana Rules  
Rule Set 2023-25 LR  
NOTICE OF PUBLIC HEARING  
Tuesday, May 6, 2025  
09:00 AM  
In person: Sun Conference Room, 2407 N. Grand River Ave., Lansing, MI 48906  
Virtual: https://bit.ly/4bLt2x1 Passcode: 276834  
The Department of Licensing and Regulatory Affairs will hold a public hearing to receive public  
comments on proposed changes to the Marihuana Rules rule set.
 
All rules will be effective 180 days after filing, except R 420.218a will be effective immediately upon filing.  
The purpose of the proposed rule promulgation is to make various updates and revisions to the existing  
Marihuana Rules, including updating, revising, and clarifying requirements pertaining to applicants and  
licensees, the social equity program, the operation of marijuana businesses, production of marijuana  
products, transporting and delivering marijuana, advertising and labeling, sampling and testing, use of  
the statewide monitoring system, and annual financial statements.
 
By authority conferred on the Executive Director of the Cannabis Regulatory Agency by section 206 of  
the Medical Marihuana Facilities Licensing Act, 2016 PA 281, MCL 333.27206; sections 7 and 8 of the  
Michigan Regulation and Taxation of Marihuana Act, 2018 IL 1, MCL 333.27957 and 333.27958; section  
3 of the Marihuana Tracking Act, 2016 PA 282, MCL 333.27903; and Executive Reorganization Order  
No. 2019-2, MCL 333.27001.
 
The proposed rules will take effect immediately after filing with the Secretary of State. The proposed  
rules are published on the State of Michigan’s website at www.michigan.gov/ARD and in the 5/1/2025  
issue of the Michigan Register. Copies of these proposed rules may also be obtained by mail or  
electronic mail at the following email address: CRA-AdminRules@michigan.gov.  
Comments on these proposed rules may be made at the hearing, by mail, or by electronic mail at the  
following addresses until 5/7/2025 at 05:00PM:
 
Attention: Rules  
P.O. Box 30205, Lansing MI 48909  
CRA-AdminRules@michigan.gov  
The public hearing will be conducted in compliance with the 1990 Americans with Disabilities Act. If the  
hearing is held at a physical location, the building will be accessible with handicap parking available.  
Anyone needing assistance to take part in the hearing due to disability may call 517-643-0757 to make  
arrangements.

FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies

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Immediate Release

WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.

In that interim final rule, FinCEN revises the definition of “reporting company” in its implementing regulations to mean only those entities that are formed under the law of a foreign country and that have registered to do business in any U.S. State or Tribal jurisdiction by the filing of a document with a secretary of state or similar office (formerly known as “foreign reporting companies”). FinCEN also exempts entities previously known as “domestic reporting companies” from BOI reporting requirements.

Thus, through this interim final rule, all entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners will be exempt from the requirement to report BOI to FinCEN. Foreign entities that meet the new definition of a “reporting company” and do not qualify for an exemption from the reporting requirements must report their BOI to FinCEN under new deadlines, detailed below. These foreign entities, however, will not be required to report any U.S. persons as beneficial owners, and U.S. persons will not be required to report BOI with respect to any such entity for which they are a beneficial owner.

Upon the publication of the interim final rule, the following deadlines apply for foreign entities that are reporting companies:

  • Reporting companies registered to do business in the United States before the date of publication of the IFR must file BOI reports no later than 30 days from that date.
  • Reporting companies registered to do business in the United States on or after the date of publication of the IFR have 30 calendar days to file an initial BOI report after receiving notice that their registration is effective.

FinCEN is accepting comments on this interim final rule and intends to finalize the rule this year.