Or just click the city closest to you! These costs are not related to compliance, build out, payroll, or any of the other start up costs for your dispensary (provisioning center) in Michigan. MRAs adult-use marijuana application page. 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. You may also need to get approved and licensed by your municipality. Can I sell or transfer unused tags to another facility? What are the most common types of capitalization used in a CPA Attestation? 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. Please note, depending on the industrial hemp product you intend to sell, there may be additional requirements for you to follow. It costs $10.000 in-licenses fees, plus the application fees that are an additional $6.000. Every person, from an investor to an employee, will be background checked throughout the process. 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. The not-so-good thing about cannabis license regulations in Michigan is that local municipalities can choose to ban or limit the number of businesses. 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 lesson here, for dispensary owners and cannabis real estate brokers alike, is that if you plan to open your dispensary in order to make it more attractive to sell, dont do it half-assed. I have an active patient registry identification card. 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. Many groups new to the cannabis real estate industry in Michigan are surprised to learn that the data reflects more seller financed deals than traditional purchases. Am I eligible for an adult-use marijuana establishment license? July 2, 2020 Jordyn Pair. Contact the Michigan Department of Agriculture and Rural Development (MDARD): Phone Number: 800-292-3939 You will need a processor-handler license to manufacture and/or sell a hemp product. Currently, there are around 500 MMJ licenses and 170 recreational cannabis licenses granted in Michigan, but this industry is only getting stronger so we can expect to have a higher number by 2021. Crossing State Lines to Buy Legal Pot - Shepherd Express Licensed to practice since 2008, Thomas Howard has represented numerous financial institutions in litigation to enforce their security interests. Will my license expire and how often will I have to renew my license? For retailers is $25.000 for new licences, while for provisioning centers is $44.000. The responsibilities for hemp processors are primarily found in Section 7 and 11 of this law. This is also known as 'Step 1' of the state licensing process in Michigan. Another way to do this is by marketing, though Im sure this isnt new news to most dispensary owners. 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. Frequently Asked Questions - Michigan 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. Without disclosing all of the tricks of the trade, the data reflects that one key item is to bring in strong brands that have been proven to drive business sales, such as MKX or Platinum Vapes, as well as specialty products that excite consumers. Do not try to pitch cannabis products to dispensaries in another state. Cannabis Regulatory Agency - Michigan Can I send it in now? 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. I have an active caregiver registry identification card and I recently was divorced/married and changed my name. How is the excess marijuana grower license fee assessed? The people of Michigan will likely have the opportunity to vote on recreational legalization in November of 2016, but it's up to them to pass the initiative. Billboards and Weedmaps can be good tools, but there are others at your disposal as well. Growing Marijuana in Michigan (2021 update) In the public markets, cannabis companies tend to be valued based on revenue or occasionally EBIDTA (i.e. View Department pages to learn more about working in state government, connect with us on social media and contact department Equity and Inclusion Officers. How long does it take to receive a registry identification card? Retail Innovation Labs LLC Trading as Cova Software. The same can be said for many areas throughout Michigan. If youre already operating a company just call us. How much does it cost to open a dispensary? At Michigan Cannabis Properties, we work with data driven consultants that can come in and drive additional revenue to your dispensary in anticipation of eventually selling your dispensary. Strict attention to compliance issues and regulations is required to apply for a permit to grow hemp in Michigan. As the legalized recreational marijuana industry continues to grow in Michigan, more and more businesses are opening for business. What authority does a municipality have in the marijuana industry? Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. The Michigan Marijuana Regulatory Agency, or MRA, is tasked with overseeing cannabis business licensing. This represents the best value on the buy side as we can buy based off lower medical numbers, knowing we will have a big boost once the municipality establishes recreational green zoning. Am I in violation? Marijuana News - How Do Dispensaries Get Weed To Sell? Medical marijuana provisioning centers in Michigan may only sell cannabis to patients holding an active medical marijuana patient identification card. Who is eligible to be an employee for a licensed facility? Michigan adult-use cannabis retailers must: Every regulated cannabis market has its own tracking and reporting requirements. Retailer: With a marijuana dispensary license, you can sell medical marijuana and other marijuana products, including plants and seedlings. Aside from the licensing application documents required in Section 7, there currently are no recordkeeping requirements for hemp processor-handlers. For recreational cannabis is 10% excise tax plus 6% sales tax. Can I find out the status of my patient's application if I contact the MMMP? Can I apply for a state operating license if I have a medical marijuana card? Check the State of Michigan Career Portal for a list of current openings in Michigan government. The actual license fees vary depending on the type of license. A business plan for a marijuana dispensary requires knowledge about the right location and proper requirements at the place of operation. How much is the fee? 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. RELATED POST: Michigan Business Cannabis Lawyer. 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. If required elements do come in separately, they will still be processed, but in the order received. What are the capitalization requirements for each type of license? 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. Is this license required for retailers who do not have a physical location in Michigan? How To Open A Dispensary In New York (2023 Guide) What to Know About Recreational Marijuana in Michigan Of course, oftentimes the real estate is held in a separate holding company but that does not mean you do not need that money. A marijuana dispensary license in Michigan costs around $44.000, plus additional application fees and the annual renewal. Well share how we did it if you complete the form. Weve won licenses in competitive limited markets, and open market states. 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. How should my payroll be reported on the P5 Schedule of Payroll Taxes? I have an active caregiver registry identification card(s) and I recently moved. 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. What is the timeline to process an adult-use application? As has been said, unless you are a licensed cultivator, you cannot sell to dispensaries. When does a patient registry identification card expire? They could go from license application requirements, to the local-wide limit of accepted number of dispensaries in the zone. As an example, we were working on a deal where the cash out price was $850,000, and the seller financed price was $1M, with about 30% down, a three year carry at 7% interest rate, and final balloon payment at the end of the three-year term. I utilize another company to handle a type of service necessary for the operation of my licensed entity. How do I get a replacement registry identification card if mine is lost, stolen, or damaged? Can a microbusiness obtain marijuana from a marijuana grower or processor? The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Can a CPA working in a bookkeeping firm prepare the Annual Financial Statement (AFS) report? I utilize another company to handle a type of service necessary for the operation of my licensed entity. Our number is in the lower right corner works even on desktop. This resource is for finding the closest legal weed shops to you. Recreational cannabis in Michigan was legalized in November of 2018. 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. That's especially so in states like California, where recreational cannabis recently became legal. As of right now medical marijuana growers can still sell to dispensaries. There are new developments in the security sector that are offering dispensaries piece-of-mind. Michigan Cannabis Properties specializes in offering listing services for Marijuana real estate owners as well as directory services for cannabis testing professionals, distributors, retailers, manufacturers, and cultivators. Plummeting marijuana prices are smoking out small cannabis businesses What is Selling to a Dispensary? Michigan restaurants and bars will now be allowed to sell to-go alcoholic beverages, thanks to a new package of bills signed by Gov. However, barriers, such as prohibition, make seed cultivation tricky. 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. Having looked at demographics and traffic pattern data, I estimated the location would sell for about $3M to $3.5M on the Michigan cannabis real estate market. Can convicted felons apply for a license? I have a hemp license under the industrial hemp 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 Who can certify a patient's medical use of marijuana? Of course, itll depend on what type of cannabis license you want to get for your operation. Is the fee for transportation a pre-determined fee set by the state? There is another category, covered in section 15.4 of the Michigan Regulation and Taxation of Marihuana Act (MRTMA). You should think about the unit location, area of jurisdiction in the current city, and standard operational expenses that apply to every dispensary. Visit MDARD's hemp resources page to learn about requirements concerning human food and beverage, labeling, weights, and measures, and more. With a population of roughly 10,000,000, Michigan is the nation's 4th-largest cannabis market.Some estimates suggest that by 2022, the state's regulated cannabis market could be worth some $1.4 billion. What percentage of sales tax are medical facilities required to pay? You can see the button on the lower right works even on desktop. Class A is a Grower license for 500 marijuana plants, Class B is a Grower license for 1,000 marijuana plants, and. How should the Annual Financial Statement report be compiled for a licensee who has multiple licenses? Marijuana Legal States: A State-By-State Map Guide | Marijuana SEO Also note, the business receiving the cleaned seeds is also involved in the processing aspect and would require a processor-handler license. 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. How to Open a Dispensary in MI: Licensing and Permitting. || attorney & consultant marketing - collateral base firm, Developed By WorldWin Coder Pvt Ltd & Stumari. 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. For retailers is $25.000 for new licences, while for provisioning centers is $44.000. New Michigan Marijuana Laws: Penalties & Defense Do I need a license for a social/cannabis club? I have an active patient registry identification card and I recently divorced/married/changed my name. Michigan Bars Closed for Indoor Service, Restaurants Now Allowed to If applying for more than one facility license, a separate FLA will need to be completed. Many of these same dispensaries are now receiving offers at a fraction of what they were receiving in 2018. 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. If I was prequalified for multiple licenses do I need to obtain all of them before my prequalification expires? Where can I legally buy recreational marijuana in Michigan - mlive What if I do not submit my Annual Financial Statement (AFS) report by the deadline? 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. Once all information is received and confirmed to be correct, your license will be issued. Avoid trying to wholesale cannabis products without the proper licensing. 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. The law prohibits smoking, favoring the use of vaporizers and edible forms of the drug. The application fee must be paid before the application can be processed. Michigan voters elected to legalize recreational marijuana November 2018. Select your LEGAL WEED The actual license fees vary depending on the type of license. Remember, your processor-handler license will not be issued until all required elements are submitted and processed. 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. If you are looking to sell your dispensary, give the experts atMichigan Cannabis Propertiesa call to set up a free consultation. Prior to that, the state had very strict marijuana laws for non-medical users. For sellers, land contracts and other seller financing structures usually means a higher overall purchase price, as well as interest rates that provide a relatively attractive return compared to other ways to park your money. 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. However, local municipalities may reduce this distance requirement or impose additional location requirements as they see fit. 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. Well share how we did it if you complete the form. 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. If youre already operating a license just call us. Click "Search." 4. All of our seeds are lab tested for genetic quality, hand picked just for you, and shipped directly to your door in . As a matter of fact, we find many public cannabis business do not actually make a profit,with a handful of exceptions. These are the costs for New York cannabis dispensary real estate: Buying a property outright can vary wildly. In certain circumstances, they may even do it free of charge to you since we can sometimes negotiate arrangements where we pay them directly through MCP as they help drive a higher sales price, which in turn means my company gets a bigger commission. The state of Missouri allows qualifying medical marijuana patients the right to grow up to six flowering plants, six non-flowering plants, and six clones under 14 inches in height. How do I update my name on my registry card? How much is the fee? This can really skyrocket expenses for a burgeoning business. Dont be one of them. The first is an application fee of $6,000, which must be submitted before the application can be processed. It's a common question across the U.S. right now. 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. Your State-by-State Guide to Cannabis Cultivation Business Application Covas dispensary POS and inventory management system includes all the features needed to keep cannabis retailers compliant, including: Ron Segev is the founding partner of Segev LLP.