Everything you need to know about opening a retail cannabis location in Michigan. Here's a list of Michigan's Recreational Marijuana Dispensaries: Ann Arbor Healing - 3720 Washtenaw Ave, Ann Arbor MI 48104 Arbors Wellness - 321 E. Liberty St., Ann Arbor MI 48104 Battle Creek Provisioning - 1525 W. Michigan Avenue Suite 11 & 13, Battle Creek MI 49037 Battle Spring - 2245 W. Columbia Suite 119 & 120, Battle Creek MI 49015 Retail Innovation Labs LLC Trading as Cova Software. Everyone involved in your business will have a background check during this phase. I am a vertically integrated licensee. As has been said, unless you are a licensed cultivator, you cannot sell to dispensaries. 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. The first is an application fee of $6,000, which must be submitted before the application can be processed. 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. Here is all the information you need. The market for Michigan dispensaries has been incredibly cyclical. Take a close look at the Certificate of Analysis (COA) to verify it is in fact for the product you intend to buy, and not some other stage of the process (for example, a COA from the hemp crop pre-harvest). Do we need a processor-handler licenser? Can you change the license type, or number of license(s) you are prequalified for without submitting a new application? No person shall act as a dispensary without a license issued by the Department of Consumer Protection. 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. There is a prequalification phase to fill out all the documents and submit them for consideration. Also, many times there are, apart from the States laws, local regulations that you have to pay attention too. Should I go to a third-party business to get/renew my registry identification card? With savings accounts yielding less than 1%, getting a higher purchase price along with a 6% interest rate of return can be very attractive. Put another way, thats about 35% more money in the sellers pocket compared to a straight cash out offer. 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. Can you explain what "green" zoning procedures are? Search no further, here you may find a list of cannabis growers and marijuana cultivators complete with their offering and locations they serve. Point-of-sale software such as IndicaOnline has maximum-security data . The first is an application fee of $6,000, which must be submitted before the application can be processed. Can I submit one Annual Financial Statement (AFS) report that includes all my licensees that are commonly owned? Contact the Michigan Department of Agriculture and Rural Development (MDARD): Phone Number: 800-292-3939 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. 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. But, from March 2021, Michigan will start accepting applications for recreational cannabis licensing opportunities from entrepreneurs who did not previously hold medical marijuana licenses. Licenses are given out for marijuana cultivators, processors, testing facilities, transporters, and, of course, dispensaries. In 2018 and early 2019, dispensaries would essentially sell themselves. It is illegal to use cannabis in a public place, such as on the street or at the park. How do I add a caregiver or change to a different caregiver? So, what drives the valuation of these dispensaries? Am I in violation? 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. Should I submit my full application (Step 1 and 2) together? 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. Another consideration when valuing a dispensary is whether the dispensary is medicali.e. The Basic Steps to Making Money Selling to Dispensaries. NEW: PA Medical Marijuana ID cards that are printed in 2023 will have a new look. So basically unless your buddy is licensed by the state and has approval from the city he is growing in you're going to be shit out of a luck. That's especially so in states like California, where recreational cannabis recently became legal. Michigan Dispensaries Click the map to explore dispensaries in Michigan. Learn your next steps in your cannabis business. Licensed to practice since 2008, Thomas Howard has represented numerous financial institutions in litigation to enforce their security interests. Annual renewal fees range from $30,000 to $50,000 and are based on gross sales compared to other license holders. But that is coming to an end real fast. 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. 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. Learn how to remain compliant with Michigans cannabis retail laws. You should probably budget about $500,000 to be on the safe side. 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. There are new developments in the security sector that are offering dispensaries piece-of-mind. 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 thing is, when a dispensary is pre-operational, valuation becomes much more subjective. When will my caregiver registry identification card expire? 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. And many of those . or just the business that my buddy owns will need a growers license? to enter the dispensary. What are the capitalization requirements for each type of license? Who is required to submit an application? You will not need the license for sampling and testing alone. I have a hemp license under the industrial hemp program. Press question mark to learn the rest of the keyboard shortcuts. Luckily, Michigan is a legal cannabis state, which drastically reduces the stress of growing marijuana seeds at home. If you are looking to sell your dispensary, give the experts atMichigan Cannabis Propertiesa call to set up a free consultation. Michigan does not require hemp products be registered. I am a registered caregiver. What should I be paying for marijuana where I live? All of our seeds are lab tested for genetic quality, hand picked just for you, and shipped directly to your door in . Medical marijuana provisioning centers in Michigan may only sell cannabis to patients holding an active medical marijuana patient identification card. Recreational cannabis will be subject to a 15 percent excise tax on top of the standard sales tax. Convenience and Clarity Matters to Gen X. This one year old industry has annual cannabis-related sales estimated at $730 million to $875 million only in 2020, and the estimations for the following years dont disappoint either. It starts to add up real quick for just the business aspect let alone your grow inputs, https://www.michigan.gov/mra/0,9306,7-386-83746---,00.html. Do companies need liability insurance to obtain a Processor-Handler License? Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. A marijuana dispensary license in Michigan costs around $44.000, plus additional application fees and the annual renewal. Does a microbusiness have to operate in an area zoned for industrial or agricultural use? 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. Michigan Cities Allowing Marijuana Businesses Do I need to keep a copy of the documents (application form, physician certification form, or required supporting documents) I send to the MMMP? When do I renew my registry identification card? Apply for the processor-handler license, found at. Please follow the instructions on each form for completion and submittal to the Office of Medical Marijuana. Just show your valid driver's license, passport, or state-issued I.D. Is the fee for transportation a pre-determined fee set by the state? According to Marijuana Business Daily's Marijuana Business Factbook, the average marijuana dispensary makes $974 in revenue per square foot of space. 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. What this means is that you must know the market to decide when the best time is to sell. 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. The lives that is just a piece of the puzzle. Who can prepare the Annual Financial Statement (AFS) report? How do I determine my Annual Financial Statement (AFS) reporting period? 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 Is the Annual Financial Statement (AFS) report required to cover medical licenses, adult use licenses, or both? Recreational cannabis in Michigan was legalized in November of 2018. 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. Start Here. Where the applicant will identify the specific facility for which they are applying (grower, processor, provisioning center, safety compliance facility, or secure transporter) in the Facility License Application (FLA), and provide information and supporting documentation specific to the license sought. What percentage of sales tax are medical facilities required to pay? How do I update my name on my registry card? Below is a map of all legally . Watch out for additional taxes at the municipal level. 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 the dispensary is otherwise quiet . Culinary Cannabis. Click "Search." 4. 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. The second step is license qualification, which includes providing more information specific to the type of license sought in this case, a provisioning center license. Can I apply for a state operating license if I have a medical marijuana card? How much marijuana can I possess as a caregiver? Do such products need to be registered? o Michigan.gov/HempLaws (for laws and compliance assistance documents). Do I have to provide proof of my Michigan residency when I renew my registry identification card? The state tax requirements in medical marijuana in Michigan is 6% sales and use tax. What do we need to do to sell our ingredients to product manufacturers that sell to Michigan dispensaries? Can convicted felons apply for a license? This subreddit is for news, discussion and collaboration between current and future employees and entrepreneurs in the legal marijuana and hemp industries. Either way, you should get in touch with a cannabis license lawyer that could assist you in presenting a perfect application. The term provisioning center includes any commercial property where marihuana is sold at retail to registered qualifying patients or registered primary caregivers. 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. The majority of cities and townships in Michigan have decided to ban recreational sales, though more are planning to roll out locations 2021. The state, If you have been arrested for driving under the influence of cannabis in Illinois, you need to contact an Illinois cannabis DUI attorney as soon, Copyright 2023 | All rights Reserved 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. Check out our interactive map and our favorite dispensaries below. Orders must be received through a secure website that authenticates access by a registered qualifying patient. 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. Anyone over the age of 21 can buy weed legally in Michigan, no matter what state or country you are from. Feminized Seeds Growing Cannabis Seeds in Michigan For the most part growing cannabis seeds is easy. As a matter of fact, we find many public cannabis business do not actually make a profit,with a handful of exceptions. 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. You may also need to get approved and licensed by your municipality. This means ensuring a super good user . Adult-use retail sales: Purchases are subject to a 16% cannabis excise tax in addition to a 5.6% statewide retail sales tax, bringing the total to 21.6%. Take the city of Detroit, which unsuccessfully tried to opt-in a few months ago with an adult-use ordinance with certain provisions that certainly seemed to be unconstitutional, along with a poison pill that threw out the entire ordinance if any provision was found unlawful. These establishments may not serve food or alcohol. This page is informational only and should not be considered legal advice. PUBLISHED DECEMBER 18, 2020 - UPDATED JANUARY 29, 2021. 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. Think of selling to a dispensary as you would with any product to a store. The state tax requirements for medical marijuana in Michigan is 6% sales and use tax. Will I be notified if my patient removes me as his or her caregiver? It is required by many municipalities before even applying for a local permit. There is an additional $100 fee to cultivate . 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. A brand or business needs to establish itself and pass specific regulations for their product to get into an actual store. Licensed to practice since 2008, Thomas Howard has represented numerous financial institutions in litigation to enforce their security interests. 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? Of course, this very well may happen again. My Processor-Handler license expired November 30, 2021, and I have not been able to submit a renewal application yet. Can I rescind a physician certification that I already completed for a patient? RELATED POST: MICHIGAN PRE-QUALIFICATION MARIJUANA LICENSE. How can a patient withdraw from the program? A dispensary will also have to follow all distinct regulations regarding the sale of each of those products, which includes different labeling, tax rates, customer verification procedures, etc. 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. There are also additional fees that are allowed by the MMFLA(Medical Marijuana Facilities Act). I utilize another company to handle a type of service necessary for the operation of my licensed entity.

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