LANSING, Mich. — The Senate on Wednesday passed legislation to help protect the public against certain risks posed by the marijuana industry, said sponsor Sen. Curt VanderWall.
Senate Bill 1057 would help protect marijuana licensees, municipalities and the public by ensuring that licensees under the Medical Marihuana Facilities Licensing Act (MMFLA) are financially able to deal with liability.
“The marijuana market in Michigan has not been without its share of problems, such as numerous product recalls, and even deaths linked to THC-laced vapes,” said VanderWall, R-Ludington. “We must offer more protections for consumers of medical marijuana, and that’s what this legislation provides.”
SB 1057 would clarify what is required for proof of financial responsibility for licensees under the MMFLA. It would update the statutory language with the same level of protection required under the Michigan Liquor Control Code.
VanderWall said his measure would provide a clear standard for insurers offering product coverage to licensees, which is good both for businesses and consumers.
“This bill will finally close loopholes state regulators have been trying to address,” VanderWall said.
SB 1057 now heads to the Michigan House for further consideration.