Medical Marijuana Update

Medical Marijuana Update

Medical Marijuana Update

As all eyes turn toward cannabis legalization initiatives looming in November, it’s been pretty quiet on the medical marijuana front. At least there’s good news from Michigan.


Last Thursday, the Senate passed an industry regulation bill allowing dispensaries. The state Senate Thursday passed a bill that would tax and regulate medical marijuana businesses and explicitly allow for dispensaries. The bill would set a 3% tax on dispensaries’ gross retail income, require licensing to grow, process, transport, and sell medical cannabis and explicitly allow for forms of medical cannabis that include infused, non-smokable forms of the plant. The House approved much of this package almost a year ago. Now, it goes to the desk of Gov. Rick Snyder (R).

For extensive information about the medical marijuana debate, presented in a neutral format, visit

By Phillip Smith

Paul Ebeling, Editor

Permission to Reprint: This article is licensed under a modified Creative Commons Attribution license.
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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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