Can a Medical Marijuana Facility Licensing Act (MMFLA) licensee apply for any adult-use license type? Operating costs vary. As of Dec. 1, 2019, Michiganders are able to purchase cannabis for recreational adult-use ("recreational cannabis"). This article will go over many of the factors aside from general location that affect the overall sale price, as well as some data-based tips to best position your dispensary on the cannabis real estate market, whether it is an MMFLA provisioning center, legal MRTMA retailer, or both. It is the dispensary's job to identify the best products for their target market, which requires communication with grow ops, product samples, laboratory testing and more. Contact the Michigan Department of Agriculture and Rural Development (MDARD): Phone Number: 800-292-3939 However, equally important to note is that this percentage varies in . You can see the button on the lower right works even on desktop. 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? Submitting a partial renewal application will not expedite license issuance. If you are intending to sell an already processed or finished industrial hemp product, you are required to obtain a processor-handler license. RELATED POST: Michigan Business Cannabis Lawyer. 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. How do I add a caregiver or change to a different caregiver? Who is a "managerial employee" of the applicant? Can medical facilities process adult-use marijuana? How can I invest in marijuana facilities in Michigan? Does my ownership for an entity licensed under both MMFLA and MRTMA have to match? 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. Also, many times there are, apart from the States laws, local regulations that you have to pay attention too. As a registered caregiver, can I transfer my plants to my adult-use establishment? How Do You Sell to a Dispensary? Real-Life Tips and Tricks - MediaJel The market for Michigan dispensaries has been incredibly cyclical. Cannabis Dispensary Profit Margin Insight - nstarfinance.com Not a bad deal if you ask me. The good thing about applying for a cannabis license in Michigan is that, contrary to many other states in the United States, it does not have a statewide limit for the number of licenses approved neither for medical marijuana businesses nor for adult-use businesses.
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