Episode 16: The Cannabis Industry – Part 1

CPAs & Advisors

Podcast Host: Thomas O’Sullivan, CPA, CFE

Speaker: Alex Wilson, CPA

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Welcome to Everyday Business, Yeo & Yeo’s podcast. We’ve had the privilege of advising Michigan businesses for more than 95 years, and we want to share our knowledge with you.

Covering tax, accounting, technology, financial and advisory topics relevant to you and your business, Yeo & Yeo’s podcast is hosted by industry and subject matter professionals, where we go beyond the beans.

On episode 16 of Everyday Business, host Thomas O’Sullivan, managing principal and member of Yeo & Yeo’s Cannabis Services Group, is joined by Alex Wilson, senior manager and leader of the Cannabis Services Group.    

Listen in as Tom and Alex discuss the cannabis industry in Michigan in the first of our two-part podcast series focusing on cannabusiness.

  • How did we get here? The legalization of cannabis in Michigan (1:30)
  • Cannabis industry regulations (3:35)
  • Medical and recreational legalization in Michigan (4:57)
  • Insight on the cannabusiness licensing and vetting process (7:25)
  • The different types of licenses (8:37)
  • Michigan cannabis restrictions (13:30)
  • Federal regulations and how they affect Michigan cannabusiness (16:45)
  • Banking rules (18:15)
  • Important notes for those looking to start a cannabusiness (20:16)
  • Takeaways from part one (23:20)

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The information provided in this podcast is believed to be valid and accurate on the date it was first published. The views, information, or opinions expressed during the podcast reflect the views of the speakers. This podcast does not constitute tax, accounting, legal or other business advice or an advisor-client relationship. Before making any decision or taking action, consult with a professional regarding your specific circumstances.

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