Marihuana: licenses; payment method for purchases of marihuana and marihuana-related services; require licensees to follow, and require licensees to report certain financial information. Amends secs. 3, 8 & 14 of 2018 IL 1 (MCL 333.27953 et seq.) & adds secs. 9b, 9c, 9d, 9e & 9f.

This bill amends Michigan's marijuana regulatory law to update definitions and clarify terms used throughout the cannabis industry. It directly affects licensed marijuana businesses, including growers, processors, retailers, and transporters, by refining how key concepts like "cultivate," "processor," and "marihuana" are defined. The legislation adds new sections to the existing act and modifies existing ones to ensure consistent terminology across the regulatory framework. These changes aim to improve clarity for businesses and regulators without altering the core operational requirements of the marijuana program.