Cannabis

Michigan’s adult-use marijuana laws define a framework for the recreational cannabis industry. However, while legal under Michigan law, conflicting Federal laws complicate the regulatory and tax compliance aspects of launching and operating a cannabis business.

In just one example, the State performs an extensive background investigation on every license applicant. Fortunately, minor prior issues are irrelevant to the license process when properly disclosed in the application. If left undisclosed, however, it can be a basis to deny the application. Our dedicated team of investigators will scour relevant histories to identify potential items for disclosure in the application process.

The industry also requires strict licensing and process controls. Cannabis regulations require detailed inventory control procedures, and, as a cash business, robust cash collection and safeguarding procedures are a necessity. We can help the organization develop methods to process transactions efficiently and maintain solid internal controls.

In spite of its specific challenges, the cannabis industry presents a strong opportunity to start and grow a business in Michigan. From entity formation and MMFLA state license application to accounting procedures and tax strategies, the trusted professionals at Cendrowski Corporate Advisors are here to help you set up and run your operation correctly from the start, so you minimize your tax obligations and maximize both efficiency and profitability.

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Harry Cendrowski on Corporate Governance and WeWork’s Valuation

Cendrowski Corporate Advisors Founding Member and Managing Director, Harry Cendrowski, in this article talks with John Jannarone of CorpGov to discuss WeWork, the trends expected in valuation going forward, as well as how weak governance can have major impacts on private and public companies. Cendrowski said the WeWork experience will likely impact the way investors view other […]

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Harry Cendrowski on Corporate Governance at NASDAQ

Cendrowski Corporate Advisors Founding Member and Managing Director, Harry Cendrowski, will moderate a panel discussion on Board Diversity and Corporate Culture at the 2019 Corporate Governance Forum, co-sponsored by ICR and CorpGov. The 2019 Corporate Governance Forum, hosted at NASDAQ in Times Square, will be held on November 20. The forum brings together a wide breadth […]

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Private Equity: History, Governance, and Operations is reviewed in the Journal of Accountancy

Private Equity: History, Governance, and Operations Review by Loanna Overcash April 2009 by Harry Cendrowski, James P. Martin, Louis W. Petro and Adam A. Wadecki John Wiley & Sons Inc., 2008, 457 pp. The institutionalization of private equity is one of the most important advances in the field of modern finance, write the authors of Private Equity: History, Governance, and Operations. […]

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