LANSING, Mich. — Sen. Curt VanderWall testified before the Senate Regulatory Reform Committee Tuesday on his legislation to help protect the public against certain risks posed by the marijuana industry.
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.
“There have been numerous problems with the marijuana market in Michigan, such as numerous product recalls, and even deaths linked to THC-laced vapes,” said VanderWall, R-Ludington. “This legislation will offer more protections for consumers of medical marijuana.”
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.
“My measure will provide a clear standard for insurers offering product coverage to licensees,” VanderWall said. “This is good both for businesses and consumers.”
The legislation would finally close loopholes that state regulators have been trying to address through documentation to demonstrate proof of financial responsibility from licensees.
The Regulatory Reform Committee will hear further testimony on SB 1057 in the coming weeks.