Entries by MCL Admin

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

Immediate Release March 21, 2025 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 […]

Cannabis Regulatory Agency Announces Voluntary Vape Recall (BLOOM)

February 11, 2025 – In the interest of public health and safety, Exhale Systems Inc (AU-P-0000495) of Detroit, in conjunction with the Cannabis Regulatory Agency, is conducting a voluntary recall of vapes offered for sale in the Michigan market. Various flavors of BLOOM Classic and BLOOM Live brand vape cartridges contained Medium Chain Triglyceride Chain […]

Update for Michigan Hemp Growers – Regulatory Transition

Since the inception of Michigan’s Agricultural Hemp Pilot Program in 2019, the Michigan Department of Agriculture and Rural Development (MDARD) has overseen the regulation of hemp production in Michigan. However, over the past few years, the number of licensed hemp growers has significantly declined, from 631 in 2020 to just 34 in 2024. As a […]