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Hero Technologies, with Pre-Approved Cannabis License in Michigan, Supports State’s Strict Marijuana Regulations
Hero Technologies, with Pre-Approved Cannabis License in Michigan, Supports State’s Strict Marijuana Regulations.
About this update from Hero Technologies Inc.
[{"type":"text","content":"State rules emphasize safety and quality controlDOVER, DE / ACCESSWIRE / July 26, 2022 / Hero Technologies (OTCQB:HENC); (Twitter: @heroicmindtech), a cannabis company focused on a "seed-to-sale" vertical integration strategy, today announced that it supports legislation in Michigan aimed at expanding and tightening rules for producing and using legal marijuana. The company also reaffirmed that its plans for large-scale cannabis cultivation in Michigan are expected to fully comply with all state regulatory requirements.In September 2021, Hero Technologies' subsidiary, BlackBox Systems and Technologies LLC, achieved the most significant milestone in Michigan's cannabis licensing process, with pre-qualification approval for an Adult (recreational) and Medicinal Use cannabis license under the Michigan Regulation and Taxation of Marihuana Act.The company's plans for Michigan include a proprietary aeroponic growing system for greenhouses with state-of-the-art quality and safety controls. The company expects to produce high-yield cannabis crops year-round for both recreational and medical use, and plans to market its products through distribution, retail, and dispensary operations.BlackBox's commitment to quality and safety has become especially important due to legislation recently introduced in Michigan to tighten marijuana regulations. The legislation, called the Michigan Cannabis Safety Act, contains new rules on cannabis growing locations, plant allowances, and product testing for medical marijuana caregivers. The updated rules include a new "specialty medical grower" license with various regulations.Specifically, the legislation includes a package of six bills: HB 5300 allows for sales to and from licensed specialty medical growers; HB 5301 creates a new license requirement for specialty medical growers; HB 5302 requires specialty medical growers to use a tracking system; HB 5319 exempts certain marijuana sales from use tax; HB 5320 defines a debilitating medical condition to update the public health code; and HB 5321 exempts certain marijuana sales from sales tax."This legislation creates the framework for a new class of licensees…and thousands of new businesses," said Wendy Block, Vice President of the Michigan Chamber of Commerce. "By ensuring all cannabis providers follow the same rul...