And since the frameworks for cannabis businesses in Michigan are still being outlined, possible changes in the rules for applications could happen too. As has been said, unless you are a licensed cultivator, you cannot sell to dispensaries. How much is the fee? 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. 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)? 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. Yes. Medical marijuana patients in Michigan may purchase up to 2.5 ounces of cannabis or equivalent product daily. What is a CPA Attestation and what is required to be included? I have an active caregiver registry identification card(s) and I recently moved. I am a Certified Public Accountant (CPA) conducting the Agreed-Upon Procedures report. I have a hemp license under the industrial hemp program. Adults may possess up to 15 grams of cannabis concentrate at any given time. Beginning March 1, 2021, the MRA will end the requirement to hold a medical Provisioning Center license first, and open applications to everyone, with discounts for social equity qualifying applicants. Check the State of Michigan Career Portal for a list of current openings in Michigan government. Can a microbusiness obtain marijuana from a marijuana grower or processor? Many localities have stated an intention to grant approval later as the market develops. 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. The first is an application fee of $6,000, which must be submitted before the application can be processed. 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. Michigan Dispensaries Click the map to explore dispensaries in Michigan. Well share how we did it if you complete the form. Opening a cannabis dispensary in Michigan requires more than application forms. Yes. Broker - Engaging or participating in the marketing of industrial hemp by acting as an intermediary or negotiator between prospective buyers and sellers. However, you should take some common-sense steps and consider speaking with an attorney to advise you. To be a Rec grower here you have to have your location approved, cameras and security system. 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. to enter the dispensary. 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. Initially, it was announced that for the first 24 months, applications would only be accepted from currently licensed medical marijuana operators. Requirements for processing hemp in Michigan can be found in the Industrial Hemp Research and Development Act, PA 547 of 2014, as amended. a question thats on every cannabis entrepreneurs mind. Refrain from crossing state lines. Can I rescind a physician certification that I already completed for a patient? I plan on seeking multiple licenses from the Agency, do I have to pay the $6,000 application fee for each license? How do I notify the MMMP that my primary caregiver has passed away? Prior to that, the state had very strict marijuana laws for non-medical users. Doing so will result in the most efficient and timely processing of your paperwork. How to Open a Dispensary in MI: Licensing and Permitting. Who should I contact if I have questions regarding the Annual Financial Statements? However, barriers, such as prohibition, make seed cultivation tricky. 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? || attorney & consultant marketing - collateral base firm, Developed By WorldWin Coder Pvt Ltd & Stumari. Another consideration when valuing a dispensary is whether the dispensary is medicali.e. Present your I.D. If you are looking to sell your dispensary, give the experts atMichigan Cannabis Propertiesa call to set up a free consultation. 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. A designated caregiver must purchase medical marijuana for patients under the age of 18. 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. Some questions to consider: Do you need a manufacturing contract with the manufacturer of the CBD oil you intend to use? Licensed adult-use marijuana retailers may sell cannabis to adults aged 21 and older. If you are intending to sell an already processed or finished industrial hemp product, you are required to obtain a processor-handler license. Can a municipality exclude certain types of marijuana establishments? 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. A great location can attract a lot of interest, with groups doing their best to estimate their sales at that location and basing their offer on those estimations. Many of these same dispensaries are now receiving offers at a fraction of what they were receiving in 2018. 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? The lives that is just a piece of the puzzle. 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. My Processor-Handler license expired November 30, 2021, and I have not been able to submit a renewal application yet. You will not need the license for sampling and testing alone. I am a vertically integrated licensee. Transfers of product between my licenses are not recorded as revenue in my general ledger. How do I add a caregiver or change to a different caregiver? Will CRA contact me after my Annual Financial Statement (AFS) report is submitted? Will I need a physical location for my business, or can I use my personal address until I find a location? 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. We do not have a written agreement or contract. Class A is a Grower license for 500 marijuana plants, Class B is a Grower license for 1,000 marijuana plants, and. Is the Annual Financial Statement (AFS) report required to cover medical licenses, adult use licenses, or both? The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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. Our LARA Veteran Liaisons may be able to help you navigate through the process and programs within our Department. Who is eligible to be an employee for a licensed facility? Press J to jump to the feed. I'm a current/prospective medical marijuana patient. The fee for medical marijuana nonprofit dispensary licensees to move into the new adult-use market is $25,000. You will need a processor-handler license to manufacture and/or sell a hemp product. Once all information is received and confirmed to be correct, your license will be issued. If the product is from out of state, has the lab and the product met that state's requirements for licensure, lab accreditation, and testing? 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. You should know that for the first two years, the. If youre already operating a company just call us. 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! The same can be said for many areas throughout Michigan. 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. But it's illegal to carry beyond 2.5 ounces of cannabis out in public. or just the business that my buddy owns will need a growers license? 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. Am I required to submit an Annual Financial Statement (AFS) report if my license has been closed or not renewed? No, youll need to pay with separate checks as these application types are not processed by the same agency. || attorney & consultant marketing - collateral base firm, Developed By WorldWin Coder Pvt Ltd & Stumari. This subreddit is for news, discussion and collaboration between current and future employees and entrepreneurs in the legal marijuana and hemp industries. How should my payroll be reported on the P5 Schedule of Payroll Taxes? 300 Great Oaks Blvd, Suite 300-022 Albany NY, 12203, How To Open a Marijuana Dispensary in Michigan. Of course, itll depend on what type of cannabis license you want to get for your operation. When do I renew my registry identification card? How much does it cost to open a dispensary? We do not have a written agreement or contract. Michigan voters elected to legalize recreational marijuana November 2018. One of the most overlooked factors affecting the final sale price of dispensary listings in the Michigan cannabis real estate industry is timing. I have an active caregiver registry identification card and I recently was divorced/married and changed my name. Do I need a processor-handler license? Stay productive once you start your business. 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? As the legalized recreational marijuana industry continues to grow in Michigan, more and more businesses are opening for business. There is an additional $100 fee to cultivate . Does the address on my application have to match the address on my Michigan driver license or personal identification card? I want to sell industrial hemp. 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? What is the Annual Financial Statement (AFS)? The application fees are around $6,000. The application fee must be paid before the application can be processed. 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. Marijuana is legal in Alaska both for medical and recreational use. 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. Dispensaries: Compassionate care centers will be licensed by the state. Those prices are then getting passed on to customers. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. You can see the button on the lower right works even on desktop. Launch Search Michigan communities that have opted in to the MMFLA Watch out for additional taxes at the municipal level. The state will not set a limit on the number of licenses issued; however, local municipalities may choose to restrict or limit the type and number of facilities licensed in their jurisdictions. How can I get information from the Agency? Obviously, you can start with a call to the dispensary. Do I still need to report this on Schedule of Expenditures Service Vendors? Launch our Search utility. operating under the MMFLA; recreational or adult usei.e. Can a CPA working in a bookkeeping firm prepare the Annual Financial Statement (AFS) report? Bud Trimmer: Budtrimmers prune and trim marijuana and make about $25,000-$30,000 per year. Avoid showing up to a cannabis dispensary without a meeting. When filing an amendment should the entity's operating agreement/bylaws be signed? Watch out for real estate costs, which can really become the largest aspect of the provisioning center. This applies to both physical and online sales activities. This is an initiative offered to veterans to receive assistance getting to the appropriate area under LARAs authority by speaking to a LARA employee who is also a veteran. Everyone involved in your business will have a background check during this phase. Can you provide some information on event licensing? Other strains include; Strawberry Guava at $45, Mint Chocolate Chip Cookies . I utilize another company to handle a type of service necessary for the operation of my licensed entity. Gretchen Whitmer on Wednesday. Below is an updated listing for non-residents purchasing out-of-state medical cannabis and recreational marijuana. Do I need a processor-handler license? As of right now medical marijuana growers can still sell to dispensaries. How is the excess marijuana grower license fee assessed? That license is described in the Industrial Hemp Research and Development Act, Public Act 547 of 2014, as amended, and requires any person who is processing, handling, brokering, or marketing industrial hemp to be licensed as a processor-handler. 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. How is your plant count determined as it affects your growing limited as a Class A, B, or C Grower Licenses? 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. 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. Is there a limit on how many times an entity can change ownership? Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. Find out how Michigan will monitor commercial cannabis activity here. However, if you have a solid location, open up, and are underperforming and not doing solid numbers, then you may see the value of your dispensary drop. Can I submit an incomplete prequalification application? Should I go to a third-party business to get/renew my registry identification card? My business "cleans" hemp seed for a registered industrial hemp grower. Operating dispensaries tend to garner a higher sales price in the Michigan cannabis real estate industry, but Ive seen at least one situation where a plan to open up actually hurt the overall sales price instead of boosting it. What percentage of sales tax are medical facilities required to pay? I run a "hemp derived extraction" company, and we produce different grades of oils and powders that we sell as ingredients to product manufacturers. There are two fees associated with the adult-use marijuana retail license in Michigan. 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. Well share how we did it if you complete the form. Check out our interactive map and our favorite dispensaries below. I just mailed my Application Packet, but I forgot to include something important (application fee, proof of Michigan residency, physician certification). 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 submit one Annual Financial Statement (AFS) report that includes all my licensees that are commonly owned? Yes, a marijuana establishment in Michigan can sell both medical marijuana and adult-use recreational cannabis, provided those products are physically separated in the store. 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. Many 8 Mile dispensaries were seeing eight figure offers. Do I need a license for a private event where social use will take place? Additionally, under the Michigan Regulation and Taxation of Marijuana Act, adults aged 21 and older may cultivate up to 12 cannabis plants at home. Do not try to pitch cannabis products to dispensaries in another state. Medical and recreational marijuana cannabis dispensaries usually operate with an average net profit margin between 15 and 21 percent after accounting for taxes. Dont be one of them. The law prohibits smoking, favoring the use of vaporizers and edible forms of the drug. And here's a pro tip: Definitely don't wait in line at the dispensary, then waste the budtender's time by trying to engage about the best way to reach the cannabis buyer. Ahh I didn't realize you needed 150k in assets in order to get licensed as a Class A Grower and thought that you just had to pay the 4k for the license to start growing. If youre already operating a company just call us. Also note, the business receiving the cleaned seeds is also involved in the processing aspect and would require a processor-handler license. Luckily, Michigan is a legal cannabis state, which drastically reduces the stress of growing marijuana seeds at home. 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. Create an account to follow your favorite communities and start taking part in conversations. In the public markets, cannabis companies tend to be valued based on revenue or occasionally EBIDTA (i.e. Will being a registered patient/caregiver affect my ability to receive an adult-use establishment license? I am a Certified Public Accountant (CPA) conducting the Agreed-Upon Procedures report. The wholesale price for marijuana in Michigan is running $4,000 to $4,500 a pound, one of the highest prices in the nation. Should those transfers be reported as revenue on P2 Schedule of Revenue? How can a patient withdraw from the program? What is the application fee to file an amendment? Can I have more than one marijuana microbusiness? Does the Agency allow licensing stacking? Can I use one check to pay for my hemp Grower Registration and hemp Processor-Handler license? Marijuana retailers in Michigan may sell cannabis and cannabis products including flower, concentrates, edibles, infused products, seeds, and clones. As recently as January, caregivers provided nearly two-thirds of the marijuana flower available on store shelves. Please follow the instructions on each form for completion and submittal to the Office of Medical Marijuana. How do I determine my Annual Financial Statement (AFS) reporting period? When will my caregiver registry identification card expire? Dont miss out on our Marijuana Legalization Map where you can browse the current status of laws in every state in the United States and see all our posts on each of them. Marijuana Misdemeanors. 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. You just organize the transaction differently. 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. What this means is that you must know the market to decide when the best time is to sell. What do we need to do to sell our ingredients to product manufacturers that sell to Michigan dispensaries? 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 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. For now, there are only medical dispensaries available to [] 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. Can a federally recognized Indian tribe apply for a state license? As a matter of fact, we find many public cannabis business do not actually make a profit,with a handful of exceptions. How much is the fee? 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. While the dispensary market in2018 and early 2019 was hot and will heat back up in the future, market data from late 2019 and 2020 shows that sale practically ground to a halt. Here is all the information you need. What if I do not submit my Annual Financial Statement (AFS) report by the deadline? Recreational marijuana sales totaled more than $341 million in the fiscal year 2020, which ran from Oct. 1, 2019, to Sept. 30, 2020. I purchased a licensed entity. When you work out the numbers, the seller would have received closer to $1.15M, or an extra $300,000, with seller financing. 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. Medical marijuana may only be purchased at state-licensed medical dispensaries. Can a person seeking certification for medical marijuana do so in a provisioning center? For more information about home delivery requirements and procedures, please see here. It is always best if renewal paperwork is received by the department as one complete packet. Another way to do this is by marketing, though Im sure this isnt new news to most dispensary owners. 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? Of course, this very well may happen again. Important Updates Cannabis Market Taxation and Regulatory Compliance Analysis Grant Program EGLE: Cannabis Environmental Regulatory Information Will my license expire and how often will I have to renew my license? If you grow hemp and want to sell harvested hemp to a licensed hemp or marijuana processor, you may do so under your grower registration. Can you change the license type, or number of license(s) you are prequalified for without submitting a new application? 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 . Michigan adult-use cannabis retailers must: Every regulated cannabis market has its own tracking and reporting requirements. As of Dec. 1, 2019, Michiganders are able to purchase cannabis for recreational adult-use ("recreational cannabis"). Although Michigan has legalized medical marijuana, recreational legalization hasn't quite happened. Medical cannabis sales in Michigan are subject to the standard state sales tax of six percent, plus an additional three percent excise tax. While this is OK for other industries, the Michigan Medical Marijuana industry is different. Orders must be received through a secure website that authenticates access by a registered qualifying patient. I am unable to follow a procedure as specified. Besides the cost of opening a dispensary, other expenses exist - and these will impact your profit margin. You want to make sure to have the assistance of an experienced licencing lawyer that helps you prevent unnecessary risks. Can a microbusiness obtain plants from a caregiver? It is our goal to be one of the best legal resources for cannabis real estate industry. Point-of-sale software such as IndicaOnline has maximum-security data . Once results are returned, click "Home Delivery" in order to bring all "Home Delivery-approved" Provisioning Centers to the top of the list. My business "cleans" hemp seed for a registered industrial hemp grower. Just show your valid driver's license, passport, or state-issued I.D. I have an active patient registry identification card. The market for Michigan dispensaries has been incredibly cyclical. How do I get a replacement registry identification card if mine is lost, stolen, or damaged? Can I transfer a marijuana license from one entity to another? 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 update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Not anymore. Bars and restaurants will now be able to sell drinks to-go, as well as deliver them, until December 31, 2025. Weve won licenses in competitive limited markets, and open market states. However, equally important to note is that this percentage varies in . What will the costs be for a state operating license? Among states with legalized medical cannabis, Oklahoma had the largest number of dispensary licenses as of summer of 2021. Do not pitch products with incorrect labeling. Adults who are . Contact the Michigan Department of Agriculture and Rural Development (MDARD): Phone Number: 800-292-3939 Feb 1, 2023. Can a caregiver work in a licensed facility and retain their caregiver status under MMMA? Could you provide clarification on excess marijuana grower licenses? What If You Get Caught With 25 Plants? Keep the plan accurate to make your dispensary business more successful in the long run. 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.