Sec. 7321.
(1) Subject to subsection (2), a person licensed to manufacture, distribute, prescribe, or dispense controlled substances under this article shall keep records and maintain inventories in conformance with the record-keeping and inventory requirements of federal law and with any additional rules the administrator promulgates, unless exempted by those rules.
(2) Beginning May 1, 1989, and annually thereafter, each person licensed under this article to manufacture, distribute, prescribe, or dispense controlled substances shall inventory and report to the administrator all schedule 2 to 5 controlled substances possessed by the person at the time of the inventory. The annual report required under this subsection may be conducted and submitted to the administrator not more than 30 days before May 1, but shall be conducted and submitted to the administrator not later than 60 days after May 1. A person who violates this subsection may be punished by a civil fine of not more than $25,000.00 in a proceeding in the circuit court.
History: 1978, Act 368, Eff. Sept. 30, 1978 ;-- Am. 1988, Act 245, Eff. Sept. 1, 1988
Popular Name: Act 368
Admin Rule: R 338.471 et seq. and R 338.3101 et seq. of the Michigan Administrative Code.
Last modified: October 10, 2016