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.