How do I update my address on my registry card? Is the Annual Financial Statement (AFS) report required to cover medical licenses, adult use licenses, or both? The beginning costs of a Michigan marijuana growing license includes a non-refundable application fee, as well as a regulatory assessment. 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. Many localities have stated an intention to grant approval later as the market develops. Many 8 Mile dispensaries were seeing eight figure offers. In 2018 and early 2019, dispensaries would essentially sell themselves. 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. Will the Agency contact me after my Annual Financial Statement (AFS) report is submitted? If I was prequalified for multiple licenses do I need to obtain all of them before my prequalification expires? Below is a map of all legally . Do I need a processor-handler license? I have an active patient registry identification card. How much is the fee? Many of the big companies that were driving up the purchase price of state dispensary listings stopped buying, and this caused the prices to fall off a cliff. There are many market opportunities you have to research, take into consideration the zone youll be operating too. 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. Create an account to follow your favorite communities and start taking part in conversations. Who can apply for a license and is there an age requirement? Once all information is received and confirmed to be correct, your license will be issued. Every person, from an investor to an employee, will be background checked throughout the process. Many of the customers coming from the northern suburbs found it easier to go to Ferndale or Hazel Park after they'd approved green zone operations, rather than drive the extra couple of miles to Detroit; which was further magnified by Detroits botched first recreational roll out. I want to grow and possess my own plants. 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. They are using a two-step program for cannabis licenses applications in Michigan. How much is the fee? One of the most overlooked factors affecting the final sale price of dispensary listings in the Michigan cannabis real estate industry is timing. To be a Rec grower here you have to have your location approved, cameras and security system. How much is the fee? Can delivery occur in municipalities that have opted out? If youre already operating a company just call us. 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? What impact does the MMFLA have on patients or caregivers operating under the MMMA? If I change the ownership on my medical prequalification, do I need to update capitalization? And many of those . 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. Can I have more than one marijuana microbusiness? The lives that is just a piece of the puzzle. Operating costs vary. You just organize the transaction differently. I am unable to follow a procedure as specified. Do I need a license for a private event where social use will take place? You will need a processor-handler license to manufacture and/or sell a hemp product. Must my Annual Financial Statement (AFS) report include the financial dealings of the previous ownership that occurred during the reporting period? Point-of-sale software such as IndicaOnline has maximum-security data . To get a marijuana business set up in Michigan, youll need to be aware of the laws and how to get licensed. Several dispensaries have been licensed and approved, however several cities and townships have banned adult-use sales, or have not yet opted in to allow sales. Do such products need to be registered? Can a CPA working in a bookkeeping firm prepare the Annual Financial Statement (AFS) report? There is another category, covered in section 15.4 of the Michigan Regulation and Taxation of Marihuana Act (MRTMA). 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. Contact the Michigan Department of Agriculture and Rural Development (MDARD): Phone Number: 800-292-3939 You cannot have any Marijuana products within reach of patients or customers. What is Selling to a Dispensary? If anyone could give me a run down of everything that goes into the process of selling into dispensaries, it would be greatly appreciated. Business specifications may include an estimated open date for your dispensary; Proof of premises ownership or a lease agreement; Estimated gross annual income; A marijuana facility plan; A cannabis retail marketing plan; A cannabis product inventory and record keeping plan. Only sell product to individuals aged 21 years or older after the product has been tested and bears the required retail label, Enter all transactions, current inventory, and other required information into the statewide monitoring system through a third-party inventory control and tracking system such as Cova POS, Verify customers are 21 years of age or older by means of a government-issued photo ID, Verify that the sale will not exceed the transaction limits, Verification of age and validity of medical marijuana patient card, Retention of a record of the date, time, quantity, and price of each sale or transfer of cannabis, Determination of whether a particular sale or transfer will exceed the permissible limit, All cannabis plants, products, packages, purchase totals, waste, transfers, conversions, sales, and returns, Lot and batch information throughout the entire chain of custody, Complete batch recall that clearly identifies all required criteria pertaining to the specific batch subject to the recall, ID scanner for age and patient card verification, Integrated inventory and sales tracking and reporting, Built-in product equivalency conversions and purchase limit enforcement. What do I do? Michigan Cities Allowing Marijuana Businesses Learn how to remain compliant with Michigans cannabis retail laws. All cannabis businesses help pay the $500,000 annual fee for substance abuse disorder programs ( MMFLA Section 333.27603) Licensing fees cost between $10,000 and $66,000. The first is an application fee of $6,000, which must be submitted before the application can be processed. Licensed to practice since 2008, Thomas Howard has represented numerous financial institutions in litigation to enforce their security interests. It is illegal to use cannabis in a public place, such as on the street or at the park. The actual license fees vary depending on the type of license. Friend has his own grow op and wants me to be an outside sales rep trying to get product into dispensaries (when covid blows over obviously). You are required to complete both Step 1 (Pre-Qualification) and Step 2 (Full Licensure) before you can open the doors and begin operations. Watch out for real estate costs, which can really become the largest aspect of the provisioning center. 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. Website links: License fees in Michigan could go from $4,000 (the grower class A license), up to $40,000. While Public Act 547 of 2014, as amended, requires licensing for only in-state processing, handling, and brokering sites, businesses performing marketing activities must be licensed whether in-state or out-of-state. 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. As a registered caregiver, can I transfer my plants to my adult-use establishment? 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. Check CRA's website periodically as PA 547 of 2014, as amended, may be updated, and there may be additional requirements such as labeling for hemp products. Also, many times there are, apart from the States laws, local regulations that you have to pay attention too. All of our seeds are lab tested for genetic quality, hand picked just for you, and shipped directly to your door in . Will my license expire and how often will I have to renew my license? The process was set to be complete by September 2020. How do I remove my current caregiver? Michigan is a great market, but it's not cheap to operate there. Below is an updated listing for non-residents purchasing out-of-state medical cannabis and recreational marijuana. Late fees apply on license renewals ( MMFLA Section 333.27402 (11)) Cost to Open a Dispensary. 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. Many of these same dispensaries are now receiving offers at a fraction of what they were receiving in 2018. 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. Do I still need to report this on Schedule of Expenditures Service Vendors? Can plants or other marijuana product be bought from caregivers? In Michigan, medical cannabis dispensaries are called provisioning centers. MRA uses a two-step application process for all marijuana facility licensing; the first step is prequalification, and includes a background check of all persons associated with the application. The MRA follows the same two-step application process for adult-use marijuana licensing. 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 adult-use market launched on Dec. 1, 2019. 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. The Michigan Regulation and Taxation of Marihuana Act, or "MRTMA", created a new license type for the Michigan recreational cannabis marketthe microbusiness license. Remember, your processor-handler license will not be issued until all required elements are submitted and processed. As has been said, unless you are a licensed cultivator, you cannot sell to dispensaries. 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.