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US (MI): Two cannabis business fined over 2021 financial statements

Michigan's Cannabis Regulatory Agency has filed formal complaints and has taken disciplinary action against two adult-use/medical licensees in Morenci.

Living Well Laboratories LLC was fined $10,000 in January for not filing its 2021 financial statement with the CRA by the due date of March 31, 2022, according to a consent order and formal complaint from CRA. The marijuana grower turned over the statement on June 1, 2022, according to a news release from the Michigan Department of Licensing and Regulatory Affairs.

Morenci Brothers Holding Group LLC was also fined $10,000 in January for not filing its 2021 financial statement with the CRA by the due date of June 30, 2021. The adult-use marijuana grower filed the statement on October 14, 2021, a consent order and formal complaint from the CRA said.

Read more at lenconnect.com

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