2 Marijuana Enterprises in Morenci Penalized for 2021 Financial Statements!

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Two adult-use/medical license holders in Morenci have received formal complaints from Michigan’s Cannabis Regulation Agency, and they are now facing sanctions. In accordance with a consent order and formal complaint from the CRA.

Living Well Labs LLC was penalized $10,000 in January for failing to submit its 2021 financial statement to the CRA by the deadline of March 31, 2022. According to a press release from the Michigan Department of Licensing and Regulatory Affairs, the marijuana farmer turned over the statement on June 1, 2022.

For failing to submit its 2021 financial statement to the CRA by the deadline of June 30, 2021, Morenci Brothers Holding Group LLC has additionally assessed a $10,000 punishment in January. According to a consent order and official complaint from the CRA.

The adult-use marijuana farmer submitted the statement on October 14, 2021. Jade Collection of Morenci is the trading name of Living Well Laboratories. Cloud Cannabis Co. is a brand owned by Morenci Brothers Holding Group.

Both Morenci dispensaries’ attorneys signed consent orders confirming their acceptance of the CRA’s requirements. The consent order with the CRA was signed in late December by the lawyer representing Living Well Labs. Early in January, the lawyer for Morenci Brothers signed the CRA’s consent order.

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