RELATED POST: MICHIGAN PRE-QUALIFICATION MARIJUANA LICENSE. 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. Illinois Weed Dispensaries - Find the Best Cannabis in IL - PotGuide Can delivery occur in municipalities that have opted out? Handling - Possessing, storing, or transporting industrial hemp on premises owned, operated, or controlled by a registered grower or a licensed processor-handler. As of Dec. 1, 2019, Michiganders are able to purchase cannabis for recreational adult-use ("recreational cannabis"). Convenience and Clarity Matters to Gen X. Culinary Cannabis. For example, it can range from $128/sq ft to $393/sq ft. On the other hand, if you are limited to leasing the property, monthly costs for a marijuana store might run between $3,500 and $10,000 or even higher. Do I have to be a resident of the state of Michigan to obtain a patient registry identification card? But Michigan regulators felt it was necessary to phase out caregiver contributions, to spur investment in licensed grow facilities. Don't drive while consuming or immediately afterward. Can I send it in now? As recently as January, caregivers provided nearly two-thirds of the marijuana flower available on store shelves. Not a bad deal if you ask me. A provisioning center may offer home delivery once the facility's delivery procedures have been provided to and approved by the MRA. Recreational use: Legal. Keep the plan accurate to make your dispensary business more successful in the long run. Will I be notified if my patient removes me as his or her caregiver? If you wait too long, and those new dispensaries start cannibalizing your business, then you may end up getting a purchase price substantially less than what you would have gotten if youd listed your dispensary for sale before the cityaccepted those licenses or ordinances. To get a provisioning center or retailer license in Michigan the application fee is $6.000. Stay productive once you start your business. What this means is that these companies, and many larger private companies, value dispensaries strictly on revenue or sometimes EBIDTA multiples. Does product have to go from a grower to a processor or can a grower sell product directly to a provisioning center? 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. How to Get a Dispensary License in Michigan In Michigan, the Medical Marihuana Facilities Licensing Division regulates licensing for medical marijuana businesses. This packet must include a passport-type photo, a copy of your government-issued ID, and all other supporting documentation, It encompasses a full background investigation of the applicant and all supplemental applicants. Broker - Engaging or participating in the marketing of industrial hemp by acting as an intermediary or negotiator between prospective buyers and sellers. Michigan Weed Dispensaries - Find the Best Cannabis in MI - PotGuide How much is the fee? I have an active caregiver registry identification card and I recently was divorced/married and changed my name. Yes. 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. What to Know About Recreational Marijuana in Michigan Do companies need liability insurance to obtain a Processor-Handler License? What are all the required licensing and certifications required for me to legally distribute marijuana to provisioning centers? Michigan communities with recreational marijuana dispensaries to split How should those disbursements be reported on the P3 Schedule of Disbursements? I'm a current/prospective medical marijuana patient. A business plan for a marijuana dispensary requires knowledge about the right location and proper requirements at the place of operation. Launch our Search utility. For the sake of perspective, this is slightly higher than a Whole Foods and much more profitable than the typical pharmacy. Opening a cannabis dispensary in Michigan requires more than application forms. 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. It is required by many municipalities before even applying for a local permit. Transfers of product between my licenses are not recorded as revenue in my general ledger. Also, during the process, you will need to submit a site plan that covers everything from the building layout to security to trash management, and you may need to lobby for approval. What may potentially prevent an applicant from getting approved for a state operating license? The industry is getting a lot of attention for its impressive growth in such a short amount of time. 2. I am a licensee with multiple licenses that does not track all disbursements by license type, so some of the disbursements made cover more than one license that I hold. 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. In 2018 and early 2019, dispensaries would essentially sell themselves. This will likely change in when this Act is updated. How much is the fee? Be aware that public consumption is still punishable by a fine of up to $100, so if you light up, do it on your own private property. One thing that the pandemic did was give us all a lot of time in the kitchen. Can a bar or restaurant be licensed to allow adults to use marijuana on the premises? The sale of less than 5 kilograms is punishable by up to 4 years in prison and a maximum fine of $20,000. operating under the MMFLA; recreational or adult usei.e. You can see the button on the lower right works even on desktop. A marijuana dispensary license in Michigan costs around $44.000, plus additional application fees and the annual renewal. Is the Annual Financial Statement (AFS) report required to cover medical licenses, adult use licenses, or both? Patients wishing to grow medical marijuana in Missouri must first obtain an ID card from the Department of Health. 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. 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. Applying for a New York Cannabis License The Office of Cannabis Management Cannabis Control Board (CCB) of New York has applications for cannabis adult use, Are you an ambitious entrepreneur looking to get involved in the cannabis industry? Click the link to find out more on how to get an MMFLA or MRTMA license. The Michigan Marijuana Regulatory Agency, or MRA, is tasked with overseeing cannabis business licensing. 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. You can apply online, view application resources, and download application forms at the MRAs adult-use marijuana application page. Adults who are . Can I submit one Annual Financial Statement (AFS) report that includes all my licensees that are commonly owned? Where You can Buy the Best Marijuana Seeds in Michigan - 10Buds 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. Some of the strains at this price include Purple Punch, London Pound Cake, Triple Chocolate Chip, Mendo Breath, Caesar, Mimosa, Cookies and Chem, Mac 1, Skunkberry, Tropicana Cookies. Once all information is received and confirmed to be correct, your license will be issued. How much is the fee? Does this qualify me for an adult-use marijuana establishment license? In this situation, the company actually spent more money to makelessmoney on the sale. 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. How do I register a minor (under the age of 18) with the Michigan Medical Marijuana Program (MMMP)? For an adult-use marijuana retail store you should apply for a retailer license that allows you to sell marijuana and other marijuana products, including plants and seedlings. These are the costs for New York cannabis dispensary real estate: Buying a property outright can vary wildly. Once results are returned, click "Home Delivery" in order to bring all "Home Delivery-approved" Provisioning Centers to the top of the list. Selling homegrown into dispensaries in Michigan? : r/weedbiz Who should I contact if I have questions regarding the Annual Financial Statements? Why is marijuana sometimes spelled with an "h" and other times spelled with a "j"? Medical Marijuana Dispensary 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%. The majority of cities and townships in Michigan have decided to ban recreational sales, though more are planning to roll out locations 2021. For all of you, our friends at Michigan Edibles put together an awesome step-by-step guide to how to legally sell marijuana edibles in Michigan. 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. Will being a registered patient/caregiver affect my ability to receive an adult-use establishment license? We do not have a written agreement or contract. Michigan marijuana dispensaries to lose caregiver weed as rules change Doing so will result in the most efficient and timely processing of your paperwork. Can a CPA working in a bookkeeping firm prepare the Annual Financial Statement (AFS) report? Do not try to pitch cannabis products to dispensaries in another state. How do I add a caregiver or change to a different caregiver? Yes. What is a CPA Attestation and what is required to be included? Please follow the instructions on each form for completion and submittal to the Office of Medical Marijuana. No, youll need to pay with separate checks as these application types are not processed by the same agency. 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. 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. Michigan Marijuana Dispensary Laws & License Info (2021) - Cova Software The monthly purchasing limit for patients is 10 ounces of cannabis or equivalent product. Besides the cost of opening a dispensary, other expenses exist - and these will impact your profit margin. 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. 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. Press J to jump to the feed. Please use these updated forms for all requests. Well share how we did it if you complete the form. 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.