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. Think of selling to a dispensary as you would with any product to a store. NEW: PA Medical Marijuana ID cards that are printed in 2023 will have a new look. 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. It is our goal to be one of the best legal resources for cannabis real estate industry. The monthly purchasing limit for patients is 10 ounces of cannabis or equivalent product. But that is coming to an end real fast. 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. What is the application fee to file an amendment? 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. 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. A marijuana establishment can apply for a license as a designated consumption site. How do I notify the MMMP that my patient has passed away? What percentage of sales tax are medical facilities required to pay? It is always best if renewal paperwork is received by the department as one complete packet. 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. Can a microbusiness obtain seeds, tissue cultures, clones, or immature plants without using a secure transporter? Each license is exclusive to the license type issued and to the licensee. List of Michigan's Recreational Marijuana Dispensaries (currently at 27 Buy Marijuana Seeds in Michigan - Pacific Seed Bank Can you provide some information on event licensing? Operating costs vary. RELATED POST: HOW TO GET A GROWERS LICENSE IN MICHIGAN, A marijuana provisioning center is defined under Michigan law asa licensee that is a commercial entity that purchases marihuana from a grower or processor and sells, supplies, or provides marihuana to registered qualifying patients or registered primary caregivers. Recreational use: Legal. My business "cleans" hemp seed for a registered industrial hemp grower. How is the excess marijuana grower license fee assessed? Does a microbusiness have to operate in an area zoned for industrial or agricultural use? 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. Do not try to pitch cannabis products to dispensaries in another state. There is a prequalification phase to fill out all the documents and submit them for consideration. There are two fees associated with the adult-use marijuana retail license in Michigan. Not only that, but you can draft the purchase and sale documents such that you are not only OK if the buyer stops making payments, but you actually may hope they do as you can take back your property, keep the money theyve already paid, and sell it again! There are two fees associated with the provisioning center licensing process. || attorney & consultant marketing - collateral base firm, Developed By WorldWin Coder Pvt Ltd & Stumari. That's especially so in states like California, where recreational cannabis recently became legal. You may also need to get approved and licensed by your municipality. We do not have a written agreement or contract. How can a patient withdraw from the program? Is the lab conducting the testing have any accreditations? Your State-by-State Guide to Cannabis Cultivation Business Application But Michigan regulators felt it was necessary to phase out caregiver contributions, to spur investment in licensed grow facilities. We can help you receive top dollar for your Michigan dispensary property. Once all information is received and confirmed to be correct, your license will be issued. Make sure you are well assisted by an experienced cannabis lawyer that takes into consideration all the possibilities and is well aware of the norms. 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. 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. Or just click the city closest to you! If I was prequalified for multiple licenses do I need to obtain all of them before my prequalification expires? Since the consultants we work with tend to do a lot of business with the bigger Michigan cannabis brands, oftentimes we find that they can help negotiate lower wholesale prices for these products, which can improve both revenueandmargin. There is an additional $100 fee to cultivate . This is why it is so important to know how to comply with all regulations governing its use. Many localities have stated an intention to grant approval later as the market develops. This means ensuring a super good user . What If You Get Caught With 25 Plants? How do I determine my Annual Financial Statement (AFS) reporting period? Need a few pounds down in wv to Combat the opiate problem. There are many market opportunities you have to research, take into consideration the zone youll be operating too. By. How do I know if my Annual Financial Statement (AFS) Report has been approved? The average price of an 8th in Lansing is $50. Basic Dispensary training is 2.5-hour class covering what you need to know to work the retail side of the industry: CBD Stores or Cannabis Dispensaries. Retail Innovation Labs LLC Trading as Cova Software. How is your plant count determined as it affects your growing limited as a Class A, B, or C Grower Licenses? I'm a current/prospective medical marijuana patient. The responsibilities for hemp processors are primarily found in Section 7 and 11 of this law. Among states with legalized medical cannabis, Oklahoma had the largest number of dispensary licenses as of summer of 2021. Dispensary Locations - Chicago Many of these same dispensaries are now receiving offers at a fraction of what they were receiving in 2018. To get a marijuana business set up in Michigan, youll need to be aware of the laws and how to get licensed. You cannot have any Marijuana products within reach of patients or customers. The Department of Licensing and Regulatory Affairs has great diversity of licenses and regulation within its oversight. 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. I have questions about my Growers License who do I contact? The actual license fees vary depending on the type of license. RELATED POST: MICHIGAN PRE-QUALIFICATION MARIJUANA LICENSE. Medical marijuana may only be purchased at state-licensed medical dispensaries. Put another way, thats about 35% more money in the sellers pocket compared to a straight cash out offer. Who should I contact if I have questions regarding the Annual Financial Statements? 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? By the beginning of 2020, both Illinois and Michigan dispensaries will be freely selling marijuana. Is the fee for transportation a pre-determined fee set by the state? The sale of less than 5 kilograms is punishable by up to 4 years in prison and a maximum fine of $20,000. Land contracts and mortgages back to the seller are shockingly commonin the Michigan cannabis industry. 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 I still need to report this on P8 Schedule of Outsourced Services? Who can certify a patient's medical use of marijuana? In Michigan, the location is essential for the prosperity of your business since many local municipalities can choose to ban or limit the number of businesses. They rake in $31,000-$42,000 depending on the dispensary. However, you should take some common-sense steps and consider speaking with an attorney to advise you. How will the Agency accept fees and taxes? Michigan marijuana dispensaries to lose caregiver weed as rules change What is a CPA Attestation and what is required to be included? If youre already operating a company just call us. Several Michigan dispensaries have been sued for sending out text messages under the TCPA. All Content 2022 Cova. 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. To get a provisioning center or retailer license in Michigan the application fee is $6.000. The industry is getting a lot of attention for its impressive growth in such a short amount of time. Gretchen Whitmer on Wednesday. I am a Certified Public Accountant (CPA) conducting the Agreed-Upon Procedures report. Can a microbusiness obtain marijuana from a marijuana grower or processor? Class A is a Grower license for 500 marijuana plants, Class B is a Grower license for 1,000 marijuana plants, and. 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. Please use these updated forms for all requests. Having said that, when representing buyers, this is generally one of the first questions they ask. For now, there are only medical dispensaries available to [] My business is developing an in-field THC testing kit, and we will collect hemp samples to test the efficacy of the kit. Who is required to submit an application? I have an active caregiver registry identification card(s) and I recently moved. 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. 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? In the public markets, cannabis companies tend to be valued based on revenue or occasionally EBIDTA (i.e. Do not pitch products with incorrect labeling. Make it as easy, seamless, and convenient for them as possible. Can I rescind a physician certification that I already completed for a patient? Do I need a processor-handler license? 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. How much is the fee? 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. Everything you need to know about opening a retail cannabis location in Michigan. Lansing, MI Marijuana Dispensaries Near Me - Weedmaps Can I sell edible products off a food truck? The first is an application fee of $6,000, which must be submitted before the application can be processed. Detroit finally announced the rules for allowing licensed adult-use marijuana sales with a conscious effort toward giving social equity applicants a fair opportunity as well. As a registered caregiver, can I transfer my plants to my adult-use establishment? What should I do? If anyone could give me a run down of everything that goes into the process of selling into dispensaries, it would be greatly appreciated. Launch Search Michigan communities that have opted in to the MMFLA Can I transfer a marijuana license from one entity to another? May a medical grower, processor, or provisioning center facility hold an ownership interest in an adult-use secure transporter, safety compliance facility, or a microbusiness establishment? Contact the Michigan Department of Agriculture and Rural Development (MDARD): Phone Number: 800-292-3939 As recently as January, caregivers provided nearly two-thirds of the marijuana flower available on store shelves. 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. In addition, processor law does not include any requirements about utilizing another manufacturer's product in creating your own. If youre already operating a license just call us. To sell marijuana to any person. Michigan communities with recreational marijuana dispensaries to split Can I send it in now? The Board had previously set, when the law first passed in 2019, as requirements for dispensary owners the following criteria: However, they are currently amending the requirements set on their webpage, which could potentially mean that they are making some changes to the applicability of those wanting to get a Cannabis license in Michigan. How should my payroll be reported on the P5 Schedule of Payroll Taxes? Of course, oftentimes the real estate is held in a separate holding company but that does not mean you do not need that money. 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. Do I need a license for a social/cannabis club? I have a hemp license under the industrial hemp program. They are using a two-step program for cannabis licenses applications in Michigan. If the dispensary is otherwise quiet . 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. 1. Obviously, you can start with a call to the dispensary. Should those transfers be reported as revenue on P2 Schedule of Revenue? Once completed the Packet and collected all required documentation, submit your pre-qualification packet either in person, by mail, or through LARAs online application portal. Remember, your processor-handler license will not be issued until all required elements are submitted and processed. A designated caregiver must purchase medical marijuana for patients under the age of 18. Who can apply for a license and is there an age requirement? It is required by many municipalities before even applying for a local permit. Can a caregiver work in a licensed facility and retain their caregiver status under MMMA? For retailers is $25.000 for new licences, while for provisioning centers is $44.000. I am a registered caregiver. What is the cost of applying for an adult-use marijuana establishment license? Yes. If you are intending to sell an already processed or finished industrial hemp product, you are required to obtain a processor-handler license. 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 Am I eligible for an adult-use marijuana establishment license? When do I renew my registry identification card? Can I have more than one marijuana microbusiness? 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. We know Detroit is looking to go adult-use, but the city cant seem to get out of its own way. What this means is that you must know the market to decide when the best time is to sell. Create an account to follow your favorite communities and start taking part in conversations. If I change the ownership on my medical prequalification, do I need to update capitalization? Handling - Possessing, storing, or transporting industrial hemp on premises owned, operated, or controlled by a registered grower or a licensed processor-handler. 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. 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%. 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. Weve won licenses in competitive limited markets, and open market states. Marijuana retailers in Michigan may sell cannabis and cannabis products including flower, concentrates, edibles, infused products, seeds, and clones. What is the Annual Financial Statement (AFS)? Licenses are given out for marijuana cultivators, processors, testing facilities, transporters, and, of course, dispensaries. If a wholesaler, distributor, or retailer wishes to sell topical lotions or tinctures with CBD (and less than 0.3% THC with no health claims, nutritional/caloric values), do they have to possess a processor-handler license? However, equally important to note is that this percentage varies in . The same can be said for many areas throughout Michigan. Do we need a processor-handler licenser? 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. MO Dispensaries | MO Dispensaries Medical marijuana patients in Michigan may purchase up to 2.5 ounces of cannabis or equivalent product daily. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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. Youll have to pay a nonrefundable fee of $6000 at the time of filing to defray the costs associated with the background investigations and fingerprint processing. Will I need a physical location for my business, or can I use my personal address until I find a location? The second fee is an annual regulatory assessment, which must be paid prior to the license being issued. In addition to medical marijuana dispensaries, beginning January 1, 2020, recreational dispensaries will also be allowed to apply for licenses to sell adult-use cannabis to the public. 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. I have an active caregiver registry identification card and I recently was divorced/married and changed my name. mixture of the right knowledge and legal experience, Land contracts and mortgages back to the seller are shockingly common, Choosing the Right Location for Your Cannabis Business, How to Sell Your Dispensary for Top Dollar, How To Make Your Cannabis Property Listing More Attractive: ATTACHING MUNICIPAL PERMITS. Check the State of Michigan Career Portal for a list of current openings in Michigan government. It is illegal to use cannabis in a public place, such as on the street or at the park. Michigan Marijuana Dispensary Map & Directory | Kush Tourism 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. I own multiple licensees that have common ownership. Anyone over the age of 21 can buy weed legally in Michigan, no matter what state or country you are from. The lives that is just a piece of the puzzle. Cannabis Growers Directory | Marijuana Cultivators Listing - Dispensaries 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. Michigan is a great market, but it's not cheap to operate there. Those same rules apply to a dispensary where cannabis businesses across the spectrum attempt to sell their products . 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. How do I update my name on my registry card? Do I need to keep a copy of the documents (application form, physician certification form, or required supporting documents) I send to the MMMP? 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. Michigan Marijuana Growing License and Guidelines - 2021 Guide I am unable to follow a procedure as specified. So, what drives the valuation of these dispensaries? Our number is in the lower right corner works even on desktop. Plummeting marijuana prices are smoking out small cannabis businesses The first is an application fee of $6,000, which must be submitted before the application can be processed. 300 Great Oaks Blvd, Suite 300-022 Albany NY, 12203, How To Open a Marijuana Dispensary in Michigan. Many 8 Mile dispensaries were seeing eight figure offers. The adult-use market launched on Dec. 1, 2019. Once approved for a license, the initial licensure fee for an adult-use marijuana retailer is $25,000. The Michigan Marijuana Regulatory Agency, or MRA, is tasked with overseeing cannabis business licensing. However, if your business is involved in any of the following activities defined in PA 547 of 2014, as amended, a license would be required: Processing - Converting raw industrial hemp into a marketable form. It costs $10.000 in-licenses fees, plus the application fees that are an additional $6.000. When you work out the numbers, the seller would have received closer to $1.15M, or an extra $300,000, with seller financing. Michigan LARA Dispensary Inspections and Processor Compliance 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. Launch our Search utility. Dispensaries and Grower-Processors can now download commonly used request forms on the new forms page. Does the address on my application have to match the address on my Michigan driver license or personal identification card? 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. Please note, depending on the industrial hemp product you intend to sell, there may be additional requirements for you to follow. Should I go to a third-party business to get/renew my registry identification card? Can I find out the status of my patient's application if I contact the MMMP? How to Open a Dispensary in MI: Licensing and Permitting. How should I submit my Annual Financial Statement (AFS) report? Late fees apply on license renewals ( MMFLA Section 333.27402 (11)) Cost to Open a Dispensary. 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. View Department pages to learn more about working in state government, connect with us on social media and contact department Equity and Inclusion Officers. 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. Providing you are 21 or over, you are able to possess and use weed in Alaska. Moreover, municipalities that had previously opted not to participate in legal marijuana will now have an opportunity to allow recreational cannabis. Marijuana is legal in Alaska both for medical and recreational use. 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. Cannabis Regulatory Agency - Michigan The Michigan Regulation and Taxation of Marihuana Act, or "MRTMA", created a new license type for the Michigan recreational cannabis marketthe microbusiness license. When does a patient registry identification card expire? Recreational cannabis in Michigan was legalized in November of 2018. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. A business plan for a marijuana dispensary requires knowledge about the right location and proper requirements at the place of operation. 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. 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 . 2. 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. Can Marijuana Dispensaries Ship Out of State - Inhale MD As with most things in life, timing is key; this is the same for the cannabis real estate industry, yet it is one of the most overlooked factors in determining the price you will get for your dispensary.