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Guidance For Cpas Who Wish To Service Clients Engaged In The Medical Marihuana Industry


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Dear Licensed CPA/Email Subscriber:


 


On May 19, 2017, the Department and the Board of Accountancy issued the following guidance for CPAs who wish to service clients engaged in the medical marihuana industry:


 


It is the Department and Board’s position that a licensee offering to perform professional services for clients engaged in the medical marihuana industry who are otherwise in compliance with Michigan Statute, and associated administrative rules, or the regulations of any other state where medical marihuana is legalized, is not in itself specifically prohibited by the provisions of the Occupational Code.  Therefore, a licensee will not face any action by the Department or the Board based solely on the fact that the individual licensee or licensed firm provides professional services to a client engaged in the medical marihuana industry.


 


To view the issued guidance in its entirety, please visit the following link:


 


http://www.michigan.gov/documents/lara/Board_of_Accountancy_-_Guidance_for_Licensees_Providing_Services_to_the_Medical_Marihuana_Industry_571608_7.pdf


 


For additional information, please visit the Accountancy section of the LARA website at www.michigan.gov/accountancy.


 


Thank you,


 


Bureau of Professional Licensing


Licensing Division


(517) 241-9288


BPLHelp@michigan.gov

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