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I am unable to follow a procedure as specified. When will my caregiver registry identification card expire? Gretchen Whitmer on Wednesday. As a Michigan cannabis real estate broker, I have worked on deals on the seller side where I was shocked to discover that anyone would agree to pay that amount. Go to one of Michigan's many recreational weed dispensaries, located throughout the state. They could go from license application requirements, to the local-wide limit of accepted number of dispensaries in the zone. May a medical secure transporter or safety compliance facility licensee hold an ownership interest in an adult-use grower A, grower B, grower C, processor, microbusiness, or retail establishment? 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. Can I hold a CPL license and a medical marijuana state operating license? In an industry that is constantly changing, adapting quickly to take advantage of new opportunities and facing potential challenges that come with the territory will determine if youll have a successful business or not. What is the cost of applying for an adult-use marijuana establishment license? I have a hemp license under the industrial hemp program. 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. Will my license expire and how often will I have to renew my license? The fee for medical marijuana nonprofit dispensary licensees to move into the new adult-use market is $25,000. Watch out for additional taxes at the municipal level. The process was set to be complete by September 2020. In the drop down menu for "License Type," select "Provisioning Center - License." 3. Adult-use marijuana was approved by Michigan voters in November 2018, meaning adults aged 21 and older are legally allowed to purchase, possess, and consume cannabis. The beginning costs of a Michigan marijuana growing license includes a non-refundable application fee, as well as a regulatory assessment. In the public markets, cannabis companies tend to be valued based on revenue or occasionally EBIDTA (i.e. In 2018 and early 2019, dispensaries would essentially sell themselves. Here, a quick word to the wise: you need to be VERY careful with text message marketing of both medical and recreational marijuana. For dispensary buyers, seller financing can save a lot of up-front money, which can instead be used to build out the inventory and stock shelves. Cannabis licenses in every state of the United States tend to be a tricky situation, Michigan is not the exception. I am a vertically integrated licensee. Michigan voters elected to legalize recreational marijuana November 2018. How do I submit deficiency documents/responses for my Annual Financial Statement (AFS) Report? Should I go to a third-party business to get/renew my registry identification card? The second step includes a review of the proposed retail establishment, including a physical inspection, as well as payment of the licensure fee once approved. Medical marijuana may only be purchased at state-licensed medical dispensaries. Avoid trying to wholesale cannabis products without the proper licensing. If applying for more than one facility license, a separate FLA will need to be completed. Check the State of Michigan Career Portal for a list of current openings in Michigan government. Go to Cannabis Regulatory Agency Licensing & Statistical Reports, Go to Statewide Marijuana Monitoring System Information - Metrc, Go to Apply, amend, renew an adult-use establishment license, Go to Apply, amend, renew a medical marihuana facility license, Go to Apply, amend, renew a patient or caregiver medical marijuana card, Go to Apply to be a hemp processor-handler, Go to Apply for or renew a Social Equity application, Go to File a complaint against a licensee, Go to Notify the agency of a material change, Go to File a petition for the medical marijuana review panel, Go to Active marijuana businesses in my area, Go to Active marijuana businesses in the state, Go to Approved grants and the grant approval process, Go to Licensees that have had disciplinary actions taken against them, Go to Tips for licensees, technical or advisory bulletins, Go to The number of previously approved applications or licenses, Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. Detroit may not see its first recreational dispensaryuntil 2022 or possibly later. There are three different ways that a medical or adult-use cannabis dispensary can send daily compliance reports from their point of sale to Metrc: 1. 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. Report to Metrc manually With this method, data is exported from your cannabis point of sale software via a CSV file, configured to correct formatting, and then uploaded manually to Metrc. Medical marijuana patients in Michigan may purchase up to 2.5 ounces of cannabis or equivalent product daily. Must my Annual Financial Statement (AFS) report include the financial dealings of the previous ownership that occurred during the reporting period? Operating costs vary. The average Medical Marijuana Growers salary in Michigan is between $43,530 and $64,077. Am I in violation? || attorney & consultant marketing - collateral base firm, Developed By WorldWin Coder Pvt Ltd & Stumari. Obviously, you can start with a call to the dispensary. This license is for individuals who are qualified to acquire, possess, distribute and dispense marijuana. If you do, you may have been much better off just selling before opening, as you may have gotten a higher sale price with less investment and less hassle. As a processor or a grower, if I hire a caregiver, may I transfer their marijuana into my company? 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. 50% of the licenses have been reserved for Detroit legacy applicants who have lived in the city for 10 of the past 30 years and may have a marijuana conviction or for 13 of the past 30 years and are categorized as low-income. The attempted transfer, sale, or other conveyance of interest without Agency approval is grounds for suspension, revocation, or other appropriate sanction, A Class A Grower is a type of license available in Michigan for growing up to 500 marijuana plants. 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. 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. The term provisioning center includes any commercial property where marihuana is sold at retail to registered qualifying patients or registered primary caregivers. There are also additional fees that are allowed by the MMFLA(Medical Marijuana Facilities Act). Unless you got $100,000 plus to get state-licensed, get City approval buy a property and set up a grow. There is another category, covered in section 15.4 of the Michigan Regulation and Taxation of Marihuana Act (MRTMA). A microbusiness license allows the holder to grow up to 150 plants, process flower into marijuana products such as edibles and extracts, and sell direct to the consumer, all with one MRTMA license. Fortunately, the market has picked back up, as many of the larger Michigan vertical companies are buying once again, and out-of-state MSOs are beginning to discover the largely untapped Michigan market. The monthly purchasing limit for patients is 10 ounces of cannabis or equivalent product. If you want to learn how to open a Marijuana Provision Center in Michigan or apply for any adult use marijuana grower, processor, or transporter licenses, here is all the information you need. Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. As of right now medical marijuana growers can still sell to dispensaries. The application fees are around $6,000. The industry is getting a lot of attention for its impressive growth in such a short amount of time. Can I use one check to pay for my hemp Grower Registration and hemp Processor-Handler license? As a matter of fact, we find many public cannabis business do not actually make a profit,with a handful of exceptions. Each license is exclusive to the license type issued and to the licensee. Applying for an Adult-Use License? Under Michigan law, both actions are a felony punishable by up to 4 years in prison. Apply for the processor-handler license, found at. As has been said, unless you are a licensed cultivator, you cannot sell to dispensaries. Can delivery occur in municipalities that have opted out? How long does it take to receive a registry identification card? 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. Opening a cannabis dispensary in Michigan requires more than application forms. We do not have a written agreement or contract. 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. Check out our interactive map and our favorite dispensaries below. Present your I.D. Dispensaries and Grower-Processors can now download commonly used request forms on the new forms page. RELATED POST: Michigan Business Cannabis Lawyer. Since your processor-handler license is now expired, processing, handling, brokering, or marketing industrial hemp without this license is a violation of the state's Industrial Hemp Research and Development Act. The second step is license qualification, which includes providing more information specific to the type of license sought in this case, a provisioning center license. Not only that, but the interest rates offered by sellers tend to be a lot less than the interest rates offered by private lenders in the industry, which currently hover around 12%. Many 8 Mile dispensaries were seeing eight figure offers. Adult-use retail sales: Purchases are subject to a 16% cannabis excise tax in addition to a 5.6% statewide retail sales tax, bringing the total to 21.6%. Everyone involved in your business will have a background check during this phase. Medical cannabis sales in Michigan are subject to the standard state sales tax of six percent, plus an additional three percent excise tax. What percentage of sales tax are medical facilities required to pay? Can a CPA that provides other accounting services to the licensee prepare the Annual Financial Statement (AFS) report? Those prices are then getting passed on to customers. Adults aged 21 and up may possess up to 2.5 ounces of cannabis or equivalent product away from home, and up to 10 ounces within their home. You will not need the license for sampling and testing alone. Licensed adult-use marijuana retailers may sell cannabis to adults aged 21 and older. Below is a map of all legally . If youre looking to grow, process, or sell cannabis, ourCannabis Attorneyscan help you procure the proper licenses and our agents can help you find a property. Can plants or other marijuana product be bought from caregivers? 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. 300 Great Oaks Blvd, Suite 300-022 Albany NY, 12203, How To Open a Marijuana Dispensary in Michigan. 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 Michigan Regulation and Taxation of Marihuana Act, or "MRTMA", created a new license type for the Michigan recreational cannabis marketthe microbusiness license. Can a Medical Marijuana Facility Licensing Act (MMFLA) licensee apply for any adult-use license type? I want to sell industrial hemp. By. Marijuana dispensaries in Michigan are permitted to sell both medicinal and recreational marijuana to anyone over the age of 21 with a valid I.D. The thing is, when a dispensary is pre-operational, valuation becomes much more subjective. They are using a two-step program for cannabis licenses applications in Michigan. Will I be notified if my patient removes me as his or her caregiver? Marijuana Misdemeanors. This resource is for finding the closest legal weed shops to you. 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. Go to Cannabis Regulatory Agency Licensing & Statistical Reports, Go to Statewide Marijuana Monitoring System Information - Metrc, Go to Apply, amend, renew an adult-use establishment license, Go to Apply, amend, renew a medical marihuana facility license, Go to Apply, amend, renew a patient or caregiver medical marijuana card, Go to Apply to be a hemp processor-handler, Go to Apply for or renew a Social Equity application, Go to File a complaint against a licensee, Go to Notify the agency of a material change, Go to File a petition for the medical marijuana review panel, Go to Active marijuana businesses in my area, Go to Active marijuana businesses in the state, Go to Approved grants and the grant approval process, Go to Licensees that have had disciplinary actions taken against them, Go to Tips for licensees, technical or advisory bulletins, Go to The number of previously approved applications or licenses. 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. Michigan is a great market, but it's not cheap to operate there. Can licensed Michigan provisioning centers accept visiting qualifying marijuana patient cards? This page is informational only and should not be considered legal advice. Click "Search." 4. Can you explain what "green" zoning procedures are? Will being a registered patient/caregiver affect my ability to receive an adult-use establishment license? This is an annual license running from December 1 through November 30, and the fee is $1,350. If youre already operating a company just call us. Usually, seller financing is a verified win-win for both buyers and seller. Do I still need to report this on P8 Schedule of Management, Services, and Other Agreements? The state, If you have been arrested for driving under the influence of cannabis in Illinois, you need to contact an Illinois cannabis DUI attorney as soon, Copyright 2023 | All rights Reserved Discounts of up to 75% are also available to applicants belonging to a disproportionately impacted community on licensing fees and properties owned by the city land bank. These establishments may not serve food or alcohol. Earnings Before Interest, Depreciation, Taxation and Amortization), but not profits. Learn how to remain compliant with Michigans cannabis retail laws. Yes, you can sell your medical CBD and THC products to your favorite dispensaries by approaching them over the phone with a complete briefing about your cannabis product. To renew your expired processor-handler license, you are required to submit your completed renewal application, along with the license renewal fee, and all required documentation. You can apply online, view application resources, and download application forms at the MRAs adult-use marijuana application page. 300 Great Oaks Blvd, Suite 300-022 Albany NY, 12203, How To Get a Commercial Marijuana Growers License in Michigan, MICHIGAN PRE-QUALIFICATION MARIJUANA LICENSE, 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. Feminized Seeds Growing Cannabis Seeds in Michigan For the most part growing cannabis seeds is easy. By the beginning of 2020, both Illinois and Michigan dispensaries will be freely selling marijuana. Medical and recreational marijuana cannabis dispensaries usually operate with an average net profit margin between 15 and 21 percent after accounting for taxes. But timing your sale can also be important with respect to yourspecific municipality and location. What is the Annual Financial Statement (AFS)? You can see the button on the lower right works even on desktop. You cannot have any Marijuana products within reach of patients or customers. Can medical facilities process adult-use marijuana? Please follow the instructions on each form for completion and submittal to the Office of Medical Marijuana. Another consideration when valuing a dispensary is whether the dispensary is medicali.e. What is Selling to a Dispensary? The first step is prequalification, which includes the submission of all application materials, background checks, and payment of the application fee. Having said that, when representing buyers, this is generally one of the first questions they ask. The responsibilities for hemp processors are primarily found in Section 7 and 11 of this law. Either way, you should get in touch with a cannabis license lawyer that could assist you in presenting a perfect application. How to Get a Dispensary License in Michigan In Michigan, the Medical Marihuana Facilities Licensing Division regulates licensing for medical marijuana businesses. Can I submit my Step 2 application at the same time as Step 1? Our number is in the lower right corner works even on desktop. It's a common question across the U.S. right now. Refrain from crossing state lines. Recreational cannabis will be subject to a 15 percent excise tax on top of the standard sales tax. 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. Do I have to be a caregiver for 2 years before I apply for a license under the Michigan Regulation and Taxation of Marihuana Act (MRTMA)? Can I have more than one marijuana microbusiness? It starts to add up real quick for just the business aspect let alone your grow inputs, https://www.michigan.gov/mra/0,9306,7-386-83746---,00.html. The second phase, or license qualification phase, requires more specific information for the specific licenses you are seeking. As a registered caregiver, can I transfer my plants to my adult-use establishment? I know you need a license to grow, however, since I will be the one selling would I need a license myself? With savings accounts yielding less than 1%, getting a higher purchase price along with a 6% interest rate of return can be very attractive. Bud Trimmer: Budtrimmers prune and trim marijuana and make about $25,000-$30,000 per year. How can I remove a current patient? 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? Check the State of Michigan Career Portal for a list of current openings in Michigan government. Will the Agency contact me after my Annual Financial Statement (AFS) report is submitted? Our clientele is comprised of seasoned entrepreneurs and industry veterans who are searching for cannabis real estate opportunities. Some municipalities have opted to restrict or prohibit the opening of retail stores. How do I register a minor (under the age of 18) with the Michigan Medical Marijuana Program (MMMP)? 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. We can help you receive top dollar for your Michigan dispensary property. No misdemeanors involving controlled substances within five years, No local ordinance violations within five years, Any past issue with law enforcement or legal violations, not including traffic violations. How do I notify the MMMP that my primary caregiver has passed away? I own multiple licensees that have common ownership. Should those transfers be reported as revenue on P2 Schedule of Revenue? The average price for an ounce of recreational flower dropped from more than $512 in January 2020 to $131 in May, a 74.4% decline, according to the Michigan Cannabis Regulatory Agency. Class A is a Grower license for 500 marijuana plants, Class B is a Grower license for 1,000 marijuana plants, and. However, there is a method to the madness, as certain Michigan dispensaries knew how to best position themselves for eventual sale, or best structure the sale, while many others do not. Dispensary Store Manager: If you're wondering how much a dispensary pays to manage a store, the pay scale is anywhere from $60,000-$120,000 For a medical marijuana dispensary you should apply for a Provisioning Center License that authorizes the sale of marijuana to a registered qualifying patient or registered primary caregiver. My business is developing an in-field THC testing kit, and we will collect hemp samples to test the efficacy of the kit. An overview of the medical and recreational marijuana laws in Michigan. o Michigan.gov/HempLaws (for laws and compliance assistance documents). What documentation is required when applying for a medical marijuana state operating license? What do we need to do to sell our ingredients to product manufacturers that sell to Michigan dispensaries? Prior to that, the state had very strict marijuana laws for non-medical users. Weve won licenses in competitive limited markets, and open market states. What should I do? 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. Handling - Possessing, storing, or transporting industrial hemp on premises owned, operated, or controlled by a registered grower or a licensed processor-handler. However, finding the best bang for your buck when it comes to marketing your business does require amixture of the right knowledge and legal experience. As the legalized recreational marijuana industry continues to grow in Michigan, more and more businesses are opening for business. How Much Does It Cost to Open a Dispensary in Michigan To get a provisioning center or retailer license in Michigan the application fee is $6.000. Do not ignore the hierarchy or executive chain of command. Many localities have stated an intention to grant approval later as the market develops. The total fees range from $4000 to $40,000 depending on the class you are applying for. Make it as easy, seamless, and convenient for them as possible. Do I need to keep a copy of the documents (application form, physician certification form, or required supporting documents) I send to the MMMP? Who is a "managerial employee" of the applicant? If you or your product manufacturers are selling or marketing industrial hemp, including already processed forms of hemp oils and powders, to Michigan dispensaries, a processor-handler license is required for all that are doing so. The list of conditions that qualify for medical marijuana in Michigan can be found here. Why is testing of marijuana products required? Or just click the city closest to you! Am I eligible for an adult-use marijuana establishment license? 2. For instance, if a consumer is at home, they can possess up to 10 ounces of marijuana. However, local municipalities may reduce this distance requirement or impose additional location requirements as they see fit. 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. I am a licensed hemp processor and assume I need to record weight of incoming hemp shipments and the weight of products that we produce from hemp. Is the Annual Financial Statement (AFS) report required to cover medical licenses, adult use licenses, or both? How should I submit my Annual Financial Statement (AFS) report? Not anymore. The U.S. federal government still prohibits the use of . Keep the plan accurate to make your dispensary business more successful in the long run. Late fees apply on license renewals ( MMFLA Section 333.27402 (11)) Cost to Open a Dispensary. How much is the fee? Medical marijuana provisioning centers in Michigan may only sell cannabis to patients holding an active medical marijuana patient identification card. The law prohibits smoking, favoring the use of vaporizers and edible forms of the drug. Patients wishing to grow medical marijuana in Missouri must first obtain an ID card from the Department of Health. Highest rated medical dispensaries in Michigan As noted above, Michigan's path to allowing recreational cannabis in 2018 first began with the approval of medical sales in 2008. I utilize another company to handle a type of service necessary for the operation of my licensed entity. What are the capitalization requirements for an adult-use license? My workforce is provided through a payroll/staffing company. Are transfer of interest documents still required for a change of ownership? As of January 2020, it's legal for Illinois residents over 21 to possess 30 grams of marijuana, 5 grams of concentrated cannabis and products containing up to 500 milligrams of THC. Location requirements also prohibit cannabis operations located within an area zoned exclusively for residential use and not within 1,000 feet of a pre-existing public or private school providing education in kindergarten or any of grades 1 through 12, unless a municipality adopts an ordinance that reduces this distance requirement. Yes. However, when it was open, the revenue numbers were rather dismal as the partners seemed to have opened it just for the sake of opening, without making much of an attempt to market or proactively drive sales. How can a caregiver withdraw from the program? 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 What are the capitalization requirements for each type of license? What is considered an exception on the Annual Financial Statement (AFS) report? Of course, not everything is as clear cut as the above example given the wide variance of municipal restrictions on the cannabis real estate industry. Am I responsible for any of the costs associated with ordering tags? Does a dispensary owner wait a year or more with the hope they can see a large sales boost once the city goes adult-use? Marijuana is legal in Alaska both for medical and recreational use. Under state law, cannabis retail establishments cannot be located in areas zoned exclusively for residential use or within 1,000 feet of any school for grades K-12. There are two fees associated with the adult-use marijuana retail license in Michigan. After that only licensed grows by the state of Michigan with approval of the city that they're growing in will be able to sell to dispensaries. Email: MDARD-IndustrialHemp@Michigan.gov The State of Illinois has approved adult-use recreational cannabis sales at the following Chicago dispensaries beginning January 1, 2020: Dispensary Name: Address; Columbia Care: 4758 N. Milwaukee Ave. Chicago, IL 60630: Dispensary33: 5001 N. Clark St. Chicago, IL 60640: Maribis of Chicago * Maribis has announced they will not be selling . What are all the required licensing and certifications required for me to legally distribute marijuana to provisioning centers? While this is OK for other industries, the Michigan Medical Marijuana industry is different. For more information about home delivery requirements and procedures, please see here. Do not try to pitch cannabis products to dispensaries in another state. July 2, 2020 Jordyn Pair. Do I need a license for a private event where social use will take place? My business "cleans" hemp seed for a registered industrial hemp grower. The second fee is an annual regulatory assessment, which must be paid prior to the license being issued. Lastly, cyber security can cause huge problems for a dispensary if their point-of-sale software is compromised. There are differences between state rules and regulations, especially related to the specifics of how much a Caregiver can grow, posess and how many Patients and Dispensaries they can distribute to, but the basic steps are as follows: Apply for your Patient Status with Doctor recommendation.