Check the State of Michigan Career Portal for a list of current openings in Michigan government. Sale of between 5 and 45 kilograms, meanwhile, comes with a maximum penalty of 7 years in prison and a fine of $500,000. Michigan adult-use cannabis retailers must: Every regulated cannabis market has its own tracking and reporting requirements. Initially, it was announced that for the first 24 months, applications would only be accepted from currently licensed medical marijuana operators. Can I use one check to pay for my hemp Grower Registration and hemp Processor-Handler license? Some of the more sophisticated business players will also look at EBIDTA margin, but not all do. Arkansas Annual cultivation license fee: $100,000 Performance bond: $500,000 California Annual license application fees: Specialty Cottage Outdoor $135 Specialty Cottage Indoor $205 Specialty Cottage Mixed-Light Tier 1 $340 Anyone over the age of 21 can buy weed legally in Michigan, no matter what state or country you are from. Go to one of Michigan's many recreational weed dispensaries, located throughout the state. There is a prequalification phase to fill out all the documents and submit them for consideration. How can a patient withdraw from the program? Providing you are 21 or over, you are able to possess and use weed in Alaska. These are the costs for New York cannabis dispensary real estate: Buying a property outright can vary wildly. Does this qualify me for an adult-use marijuana establishment license? 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. This is a less-intense version of the Budtender Certification with an overview of the endocannabinoid system and a summary of the basic cannabinoids and terpenes that the plant possesses. How much is the fee? 1. Will the Agency contact me after my Annual Financial Statement (AFS) report is submitted? Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Yes. I have a hemp license under the industrial hemp program. Can a CPA working in a bookkeeping firm prepare the Annual Financial Statement (AFS) report? 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. Licensed to practice since 2008, Thomas Howard has represented numerous financial institutions in litigation to enforce their security interests. Although medical marijuana has been legal in Michigan since 2008, there was no allowance for dispensaries; however, the new legislation set up a framework for the licensing and operating of medical marijuana dispensaries, which Michigan refers to as provisioning centers, along with adult-use retail stores. Many dispensaries have edibles and other Marijuana processed products on shelves that customers can walk up to and inspect. Broker - Engaging or participating in the marketing of industrial hemp by acting as an intermediary or negotiator between prospective buyers and sellers. To be a Rec grower here you have to have your location approved, cameras and security system. Adults aged 21 and older may purchase no more than 2.5 ounces of cannabis or equivalent product in a single transaction, with no more than 15 grams in the form of cannabis concentrate. Ohio Governor John Kasich signed HB 523 into law in June 2016, allowing for the medicinal use of marijuana by those who have a doctor's prescription. My business is developing an in-field THC testing kit, and we will collect hemp samples to test the efficacy of the kit. Do I still need to report this on Schedule of Expenditures Service Vendors? Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. Many 8 Mile dispensaries were seeing eight figure offers. Wisconsin is now an island surrounded by a sea of legal pot, with medical marijuana being allowed in Minnesota and recreational use legal in Canada, Michigan and, most recently, Illinois. Adults may possess up to 15 grams of cannabis concentrate at any given time. What do I do? How should those disbursements be reported on the P3 Schedule of Disbursements? Michigan Cities Allowing Marijuana Businesses But Michigan regulators felt it was necessary to phase out caregiver contributions, to spur investment in licensed grow facilities. Dispensaries and Grower-Processors can now download commonly used request forms on the new forms page. Lastly, cyber security can cause huge problems for a dispensary if their point-of-sale software is compromised. Medical Marijuana Dispensary License. How to Get a Dispensary License in Michigan In Michigan, the Medical Marihuana Facilities Licensing Division regulates licensing for medical marijuana businesses. How long does it take to receive a registry identification card? How to Apply for a New York Cannabis License, How to Apply for A Cannabis Retailer License in Minnesota, Illinois Cannabis DUI Lawyer What You Need to Know, Washington Social Equity Cannabis License Application, Illinois Cannabis Dispensary Application 2023 | Social Equity License Lottery, How to raise funds for your cannabis company. You can see the button on the lower right works even on desktop. Unlicensed sale of any amount of marijuana is a felony. Licenses are given out for marijuana cultivators, processors, testing facilities, transporters, and, of course, dispensaries. How do I register a minor (under the age of 18) with the Michigan Medical Marijuana Program (MMMP)? Submitting a partial renewal application will not expedite license issuance. A dispensary will also have to follow all distinct regulations regarding the sale of each of those products, which includes different labeling, tax rates, customer verification procedures, etc. From medical dispensaries to the upcoming recreational stores, and even a 420-friendly doctor to help you serve your medical needs, you can find it all here. Do I have to provide proof of my Michigan residency when I renew my registry identification card? For the sake of perspective, this is slightly higher than a Whole Foods and much more profitable than the typical pharmacy. The first step is prequalification, which includes the submission of all application materials, background checks, and payment of the application fee. 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. The monthly purchasing limit for patients is 10 ounces of cannabis or equivalent product. How is the excess marijuana grower license fee assessed? to enter the dispensary. How do I register as a patient (over age 18) with the Michigan Medical Marijuana Program (MMMP)? It is illegal to use cannabis in a public place, such as on the street or at the park. How do I update my name on my registry card? Michigans Marijuana Tracking Act requires the establishment of a statewide monitoring system that can integrate with third-party inventory control and tracking systems such as Covas Cannabis Dispensary POS Software in order to allow: Additionally, Michigan's Adult-Use Marijuana Emergency Rules state that licensees must use a third-party inventory control and tracking system that is capable of interfacing with the statewide monitoring system to track: Michigan has chosen Metrc as its official statewide marijuana monitoring system. Start Here. It is required by many municipalities before even applying for a local permit. Should those transfers be reported as revenue on P2 Schedule of Revenue? Prior to that, the state had very strict marijuana laws for non-medical users. Does product have to go from a grower to a processor or can a grower sell product directly to a provisioning center? If your application passes the prequalification step, then you will enter the second phase. While this can be important, it doesnt really have as much relevance as some may think as the numbers really determine the value on the cannabis real estate market. 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. The second phase, or license qualification phase, requires more specific information for the specific licenses you are seeking. Retail Innovation Labs LLC Trading as Cova Software. This is an annual license running from December 1 through November 30, and the fee is $1,350. The act allows adults of 21 years and older to possess up to: 2.5 ounces of cannabis flower in public, or 10 ounces at home. Cannabis Business Lawyer & Founding Partner, Segev LLP, In November 2018, Michigan dispensary laws changed when voters approved the, Moreover, municipalities that had previously opted not to participate in legal marijuana will now have an opportunity to allow recreational cannabis. This resource is for finding the closest legal weed shops to you. Requirements for processing hemp in Michigan can be found in the Industrial Hemp Research and Development Act, PA 547 of 2014, as amended. The good thing about applying for a cannabis license in Michigan is that, contrary to many other states in the United States, it does not have a statewide limit for the number of licenses approved neither for medical marijuana businesses nor for adult-use businesses. Learn your next steps in your cannabis business. How is your plant count determined as it affects your growing limited as a Class A, B, or C Grower Licenses? 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. When does a patient registry identification card expire? However, equally important to note is that this percentage varies in . Don't drive while consuming or immediately afterward. Using the Detroit 8 Mile dispensary listings as an example, once the cities of Ferndale, Hazel Park and Centerline came fully online, the appeal of 8 Mile dispensaries and other cannabis businesses for sale in Detroit dropped. If required elements do come in separately, they will still be processed, but in the order received. The appeal of Ferndale dispensaries is likely to drop with Madison Heights coming online and with Royal Oak and Berkeley not far behind, assuming litigation doesnt tie up those cities for too long. What this means is that these companies, and many larger private companies, value dispensaries strictly on revenue or sometimes EBIDTA multiples. Marijuana possession in Michigan is not illegal. In order to sell marijuana to Michigan dispensaries, you need a grower or processor license under the MMFLA or MRTMA, which are Michigan's two marijuana facility licensing laws. The responsibilities for hemp processors are primarily found in Section 7 and 11 of this law. Weve won licenses in competitive limited markets, and open market states. MRAs adult-use marijuana application page. As recently as January, caregivers provided nearly two-thirds of the marijuana flower available on store shelves. 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. Does a microbusiness have to operate in an area zoned for industrial or agricultural use? Our LARA Veteran Liaisons may be able to help you navigate through the process and programs within our Department. In addition, processor law does not include any requirements about utilizing another manufacturer's product in creating your own. Ive been approached by radio stations that have recently begun to open up to advertising cannabis business and brands, with a few odd restrictions (such as not mentioning the word THC), but there are other avenues for marketing other than billboards and Weedmaps. I know you need a license to grow, however, since I will be the one selling would I need a license myself? Does the MMFLA provide any protection for CPAs and financial institutions whose clients are licensed by or pursuing licensure with the state under the MMFLA? The Michigan Marijuana Regulatory Agency, or MRA for short. What impact does the MMFLA have on patients or caregivers operating under the MMMA? We do not have a written agreement or contract. By. Learn how to remain compliant with Michigans cannabis retail laws. In the public markets, cannabis companies tend to be valued based on revenue or occasionally EBIDTA (i.e. Get updates & insights on cannabis retail regulations, trends, and technology. The first is an application fee of $6,000, which must be submitted before the application can be processed. In 2018 and early 2019, dispensaries would essentially sell themselves. This is an annual license running from December 1 through November 30, and the fee is $1,350. However, local municipalities may reduce this distance requirement or impose additional location requirements as they see fit. Check CRA's website periodically as PA 547 of 2014, as amended, may be updated, and there may be additional requirements such as labeling for hemp products.