Learn how to remain compliant with Michigans cannabis retail laws. How is your plant count determined as it affects your growing limited as a Class A, B, or C Grower Licenses? But with the industry growing as fast as the medical and recreational cannabis industry in this legalized midwest state, the results of getting a license may be worth it. Our LARA Veteran Liaisons may be able to help you navigate through the process and programs within our Department. When you work out the numbers, the seller would have received closer to $1.15M, or an extra $300,000, with seller financing. What is the application fee to file an amendment? From organic to exotic and everything in between, dispensaries.com has one of the most extensive list of pot cultivators on the market. The buyer, on the other hand, saved half a million in upfront costs, which they could use to fully stock the inventory and for working capital. Many dispensaries have edibles and other Marijuana processed products on shelves that customers can walk up to and inspect. Once put on the open market, the offers came in around $2.5M to $3M, despite the fact the company had spent a couple hundred grand extra on inventory and other items. Groups will make offers based off the potential of the listings' location, as there is no revenue or EBIDTA data that can be used when there is no revenue. Can I apply for a state operating license if I have a medical marijuana card? Does a microbusiness have to operate in an area zoned for industrial or agricultural use? Will being a registered patient/caregiver affect my ability to receive an adult-use establishment license? Below is an updated listing for non-residents purchasing out-of-state medical cannabis and recreational marijuana. Below, weve provided answers to as many questions as possible concerning cannabis retail licensing and dispensary laws in Michigan, and we will continue to update this page regularly as new details emerge. A marijuana establishment can apply for a license as a designated consumption site. A practical-minded business lawyer with expertise in the cannabis industry, he represents cultivators, dispensaries, CBD extractors, oil extractors, food processors, media and marketing companies, consultancies, and other businesses in the legal cannabis market. So basically unless your buddy is licensed by the state and has approval from the city he is growing in you're going to be shit out of a luck. Check the State of Michigan Career Portal for a list of current openings in Michigan government. Where can I find the advisory bulletins regarding the administrative rules? Licensed to practice since 2008, Thomas Howard has represented numerous financial institutions in litigation to enforce their security interests. Is this license required for retailers who do not have a physical location in Michigan? Michigan's Industrial Hemp Research and Development Act, PA 547 of 2014, as amended, requires any person who is marketing industrial hemp in Michigan to be licensed as a processor-handler. All of our seeds are lab tested for genetic quality, hand picked just for you, and shipped directly to your door in . There are new developments in the security sector that are offering dispensaries piece-of-mind. What impact does the MMFLA have on patients or caregivers operating under the MMMA? The total fees range from $4000 to $40,000 depending on the class you are applying for. How can a patient withdraw from the program? The MRA follows the same two-step application process for adult-use marijuana licensing. Not anymore. Can I find out the status of my patient's application if I contact the MMMP? Does my ownership for an entity licensed under both MMFLA and MRTMA have to match? How can I get information from the Agency? Unfortunately, there are no clear answers here, as the city may not even grant adult-use licenses to all the existing dispensaries and the timeline for the city licensing recreational dispensaries is unclear. Do I have to provide proof of my Michigan residency when I renew my registry identification card? Since this Gen X is the busiest generation of cannabis consumers, the most successful way to market your cannabis dispensary to this demographic is to add convenience to their purchase journey. This one year old industry has annual cannabis-related sales estimated at $730 million to $875 million only in 2020, and the estimations for the following years dont disappoint either. There is another category, covered in section 15.4 of the Michigan Regulation and Taxation of Marihuana Act (MRTMA). Or just click the city closest to you! What do we need to do to sell our ingredients to product manufacturers that sell to Michigan dispensaries? Ohio. The Michigan Marijuana Regulatory Agency, or MRA, is tasked with overseeing cannabis business licensing. What will the costs be for a state operating license? Where the applicant will identify the specific facility for which they are applying (grower, processor, provisioning center, safety compliance facility, or secure transporter) in the Facility License Application (FLA), and provide information and supporting documentation specific to the license sought. Marijuana Misdemeanors. Cannabis Regulatory Agency Licensing & Statistical Reports, Statewide Marijuana Monitoring System Information - Metrc, Apply, amend, renew an adult-use establishment license, Apply, amend, renew a medical marihuana facility license, Apply, amend, renew a patient or caregiver medical marijuana card, Apply for or renew a Social Equity application, File a petition for the medical marijuana review panel, Approved grants and the grant approval process, Licensees that have had disciplinary actions taken against them, Tips for licensees, technical or advisory bulletins, The number of previously approved applications or licenses, https://dev.michigan.local/som/json?sc_device=json, Annual Financial Statement Questions for FY23, Annual Financial Statement Questions for FY20 and FY21. Although Michigan has legalized medical marijuana, recreational legalization hasn't quite happened. 4. This was the case on business sale I worked on, where a group had a very strong location in a fairly well populated metropolitan area. No person shall act as a dispensary without a license issued by the Department of Consumer Protection. a question thats on every cannabis entrepreneurs mind. Many of the big companies that were driving up the purchase price of state dispensary listings stopped buying, and this caused the prices to fall off a cliff. The average price of an 8th in Lansing. The Cannabis Regulatory Agency will establish Michigan as the national model for a regulatory program that stimulates business growth while preserving safe consumer access to cannabis. In Michigan, medical cannabis dispensaries are called provisioning centers. MRA uses a two-step application process for all marijuana facility licensing; the first step is prequalification, and includes a background check of all persons associated with the application. These are the costs for New York cannabis dispensary real estate: Buying a property outright can vary wildly. Can a microbusiness obtain marijuana from a marijuana grower or processor? || attorney & consultant marketing - collateral base firm, Developed By WorldWin Coder Pvt Ltd & Stumari. Remember, the cannabis company model you create, the investors you select and the partners you choose have an impact on your license approval, make sure it is a positive one. Opening a cannabis dispensary in Michigan requires more than application forms. The beginning costs of a Michigan marijuana growing license includes a non-refundable application fee, as well as a regulatory assessment. All Content 2022 Cova. Hemp-derived topical lotions and tinctures with a THC concentration of 0.3% or less may lawfully be marketed and sold in Michigan with this license. Launch Search Michigan communities that have opted in to the MMFLA Please note, depending on the industrial hemp product you intend to sell, there may be additional requirements for you to follow. You can apply online, view application resources, and download application forms at the MRAs adult-use marijuana application page. Those prices are then getting passed on to customers. Press J to jump to the feed. Who is eligible to be an employee for a licensed facility? My business "cleans" hemp seed for a registered industrial hemp grower. Yes. Marketing - Promoting or selling industrial hemp or an industrial hemp commodity or product, including but not limited to, efforts to advertise and gather information about the needs or preferences of potential consumers and suppliers. If the product is from out of state, has the lab and the product met that state's requirements for licensure, lab accreditation, and testing? Who can prepare the Annual Financial Statement (AFS) report? Dont miss out on our Marijuana Legalization Map where you can browse the current status of laws in every state in the United States and see all our posts on each of them. If applying for more than one facility license, a separate FLA will need to be completed. In terms of where you may use the substance, Michigan law requires that anyone using cannabis must do so in private, such as in their own residence. My Processor-Handler license expired November 30, 2021, and I have not been able to submit a renewal application yet. Additional fees may be imposed at the municipal level; check with your local municipality to find out more. The majority of cities and townships in Michigan have decided to ban recreational sales, though more are planning to roll out locations 2021. However, barriers, such as prohibition, make seed cultivation tricky. The market for Michigan dispensaries has been incredibly cyclical. There are two fees associated with the adult-use marijuana retail license in Michigan. Weve won licenses in competitive limited markets, and open market states. A brand or business needs to establish itself and pass specific regulations for their product to get into an actual store. Avoid showing up to a cannabis dispensary without a meeting. Will I need a physical location for my business, or can I use my personal address until I find a location? MRAs adult-use marijuana application page. If I report the financial dealings of the prior ownership of my licensed entity in my Annual Financial Statement (AFS) report, am I responsible for the state of the financial records or the financial dealings of the prior ownership? This can really skyrocket expenses for a burgeoning business. How can a caregiver withdraw from the program? If your application passes the prequalification step, then you will enter the second phase. Just show your valid driver's license, passport, or state-issued I.D. I am a Certified Public Accountant (CPA) conducting the Agreed-Upon Procedures report. As the legalized recreational marijuana industry continues to grow in Michigan, more and more businesses are opening for business. These establishments may not serve food or alcohol. Land contracts and mortgages back to the seller are shockingly commonin the Michigan cannabis industry. If youre already operating a company just call us. However, equally important to note is that this percentage varies in . I have an active patient registry identification card and I recently divorced/married/changed my name. Watch out for real estate costs, which can really become the largest aspect of the provisioning center. Where can I find more information on each type of license? I purchased a licensed entity. How do I register as a patient (over age 18) with the Michigan Medical Marijuana Program (MMMP)? Detroit may not see its first recreational dispensaryuntil 2022 or possibly later. For both the medical marijuana program and recreational marijuana program, the licenses available in Michigan are: Michigans Department of Licensing and Regulatory Affairs (LARA) is the agency in charge of issuing licenses to cannabis operators. If you are in a city and doing great numbers but know many neighboring cities that you draw customers from are on the verge of granting new licenses or passing an MMFLA or MRTMA ordinance, then you may want to think about selling before that happens. With savings accounts yielding less than 1%, getting a higher purchase price along with a 6% interest rate of return can be very attractive. How much is the fee? Will the Agency contact me after my Annual Financial Statement (AFS) report is submitted? Remember, your processor-handler license will not be issued until all required elements are submitted and processed. License fees in Michigan could go from $4,000 (the grower class A license), up to $40,000. On the buy side, one thing we look for is a medical dispensary doing good numbers under medical in an area we know is about to opt-in to adult use. Among states with legalized medical cannabis, Oklahoma had the largest number of dispensary licenses as of summer of 2021.