Clark Hill Advises HCW Biologics on $1.5 Million At-the-Market Follow-On Offering

The rapidly evolving landscape of the cannabis industry brings with it a unique set of legal challenges, particularly in the realm of employment law. Understanding these intricacies is crucial for businesses to thrive while maintaining compliance.

The Prevailing Wage Act, 2023 PA 10 (“Act”), which became effective in Michigan on February 13, 2024, applying to certain state-funded projects with a bid acceptance date, on or after that date. As an update to the Act, on July 23, 2024, Senate Bill 571 (“SB 571” or the “Amendment”) was signed into law, adding registration and certification requirements, as well as the inclusion of both public and private energy facility projects, with applicable steps summarized in our most recent update. 

On Mar. 3rd, a bill was introduced to amend various provisions of the Income Tax Law (“ITL”) in order to establish a new tax on high net worth individuals.