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Cannabis business solutions 

When it comes to your cannabis business, managing areas like accounting, human resources or cybersecurity can be a challenge. Rehmann provides objectivity and expertise to businesses currently in the cannabis industry and to those who want to enter and succeed within this emerging field.

Our goal is to help your business remain compliant and take the stress out of every challenge or change you may face. Let us take on the day-to-day so that you can focus on what’s important — your growing business.

When entering the cannabis field, it’s important to make sure you’ve covered all bases. We offer a wide range of services that are individually tailored to meet your needs. Have you thought about:

Cannabis SettingUpBusinessSetting up the business
  • Application process
  • Business structure
  • Access to capital
Cannabis AccountingSystemsAccounting systems
  • Chart of accounts
  • Bookkeeping
  • Monthly/annual reporting
 
Cannabis HRSystemsHuman resource systems  
Cannabis InfoTechnologyInformation Technology
Cannabis GovtComplianceGovernment compliance
  • Income tax
  • Sales tax
  • Financial statement review and audits
Cannabis ExitingBusinessExiting the business

 

Available Resources

ARTICLE | Potential $1.7 billion adult-use Cannabis market in Michigan gears up for Dec. 1 launch

Michigan’s adult-use cannabis program is expected to kick off Dec. 1 with about a dozen stores initially, setting into motion a market projected by Marijuana Business Daily to reach $1.4 billion to $1.7 billion in sales a year at maturity.

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ARTICLE | Key House Committee approves MORE Act to federally decriminalize Cannabis

The House Judiciary Committee approved the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act Nov. 20, marking the first time a congressional committee has approved a piece of legislation to end federal cannabis prohibition.

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PODCAST | Michigan Cannabis Industry Association (MICIA) CannaCast episode 6: Om of Medicine and their patient-centered approach

Lisa Conine, the Community Outreach Coordinator for the Om of Medicine, sits down with Jim to discuss their patient-centered approach. Om of Medicine makes it a priority to counsel new and existing patients on the right approach to cannabis, helping breakdown the stigma.

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PODCAST | Michigan Cannabis Industry Association (MICIA) CannaCast episode 5: Hour Media and the new MICIA Magazine

Rehmann’s Jim Carpp sits down with Julie Cullen, Director of New Business Development for HOUR Media to talk about what goes into making the MiCIA Magazine.

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ARTICLE | After licensing, it's probably biggest concern (MICIA Magazine)

With so much at stake, protecting premises, property and IT should take top priority.

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ARTICLE | Cannabis banking

Thirty-three states, the District of Columbia, Guam and Puerto Rico have legalized marijuana in some form while possession, distribution or sale of marijuana remains illegal under federal law. This means any contact with money that can be traced back to marijuana operations could potentially be considered money laundering and heighten exposure to legal, operational and regulatory risks.

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NEWS RELEASE | Marijuana Regulatory Agency to begin accepting adult-use marijuana applications on Friday

On November 1, 2019, the Marijuana Regulatory Agency (MRA) will begin accepting applications for marijuana licensing under the Michigan Regulation and Taxation of Marijuana Act (MRTMA), which was passed by the voters of the state of Michigan in November 2018.

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ARTICLE | Michigan adult-use cannabis market likely won't launch until spring

Michigan regulators will start taking recreational marijuana business applications on Nov. 1, but sales aren't expected to begin until March or April at the earliest.

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NEWS RELEASE | Marijuana Regulatory Agency (MRA) advisory bulletin: Annual financial statements for fiscal year 2019

The Michigan Marijuana Regulatory Agency (MRA) recently issued an advisory bulletin announcing the annual financial statements required for FY19 for medical marijuana facilities initially licensed prior to August 1, 2018.

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ARTICLE | Accounting for the cannabis industry: prepare yourself for tax scrutiny (Grand Rapids Business Journal)

In light of the recent legalization of recreational cannabis in Michigan, the industry is rapidly growing and changing. Business owners and entrepreneurs are seeing the infinite opportunities, but they should be aware of the many risk areas to avoid fallout.

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ARTICLE | Growing pains: state's burgeoning marijuana economy not without its challenges

Voter approval of Proposal 1, the so-called adult recreational marijuana use law, created a space and within those confines an ecosystem is fast emerging. 

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PODCAST | Michigan Cannabis Industry Association (MICIA) CannaCast episode 4: What's happening under the dome

Michigan lawmakers are grappling daily with cannabis issues. Hear what State Rep., Yousef Rabhi, has to say about upcoming issues at the state capitol and how they may impact Michigan’s cannabis industry.

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PODCAST | Michigan Cannabis Industry Association (MICIA) CannaCast episode 3: Transitioning from medical to adult-use cannabis

The Marijuana Regulatory Agency (MRA) just released its emergency rules for adult-use cannabis businesses and will begin accepting applications on Nov. 1. MICIA Communications Director, Josh Hovey, and Rehmann Chief Digital Officer and Vice Chairman, James Carpp, talk with MRA Director, Andrew Brisbo, about how the agency approached the rulemaking process and what has changed between the medical and adult-use cannabis regulations.

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PODCAST | Michigan Cannabis Industry Association (MICIA) CannaCast episode 2: MICIA policy planning

From banking to new adult-use cannabis rules released by the state, cannabis businesses have to stay nimble to adjust to the rapidly-changing environment in Michigan. MICIA Communications Director, Josh Hovey, talks with Rehmann Chief Digital Officer and Vice Chairman, James Carpp, about how the association has been been engaging on these key issues.

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PODCAST | Michigan Cannabis Industry Association (MICIA) CannaCast episode 1: MICIA Summer Annual Conference

Welcome to the launch of the MICIA Michigan CannaCast! In this first episode, MICIA Executive Director, Robin Schneider, sits down with Rehmann Chief Digital Officer and Vice Chairman, James Carpp, to discuss their Summer Annual Conference and what the association has been working on in its first six months in operation.

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NEWS RELEASE | Michigan's Marijuana Regulatory Agency Announces Social Equity Program Details

Today, the Marijuana Regulatory Agency (MRA) announced the details of its Social Equity Program, which is designed to encourage participation in the marijuana industry by people who live in the 19 Michigan communities which have been disproportionately impacted by marijuana prohibition and enforcement.

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NEWS RELEASE | Michigan's Marijuana Regulatory Agency Releases Emergency Rules

The Marijuana Regulatory Agency (MRA) has issued emergency administrative rules for the purpose of implementing the Michigan Regulation and Taxation of Marijuana Act (MRTMA). Signed by Gov. Gretchen Whitmer, the emergency rules enable the MRA to fully implement the marijuana proposal that Michigan voters approved in 2018.

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Meet The Rehmann Team

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