Launch our Search utility. Can you provide some information on event licensing? For retailers is $25.000 for new licences, while for provisioning centers is $44.000. Once approved for a license, the initial licensure fee for an adult-use marijuana retailer is $25,000. Can a microbusiness obtain seeds, tissue cultures, clones, or immature plants without using a secure transporter? After that only licensed grows by the state of Michigan with approval of the city that they're growing in will be able to sell to dispensaries. We can help you receive top dollar for your Michigan dispensary property. What is the application fee to file an amendment? 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 Medical Marijuana Dispensary License. Can you change the license type, or number of license(s) you are prequalified for without submitting a new application? As of right now medical marijuana growers can still sell to dispensaries. 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. Medical marijuana provisioning centers in Michigan may only sell cannabis to patients holding an active medical marijuana patient identification card. Medical cannabis sales in Michigan are subject to the standard state sales tax of six percent, plus an additional three percent excise tax. I just mailed my Application Packet, but I forgot to include something important (application fee, proof of Michigan residency, physician certification). The average Medical Marijuana Growers salary in Michigan is between $43,530 and $64,077. Do such products need to be registered? Do I need a processor-handler license? As a registered caregiver, can I transfer my plants to my adult-use establishment? How much is the fee? Initially, it was announced that for the first 24 months, applications would only be accepted from currently licensed medical marijuana operators. Will CRA contact me after my Annual Financial Statement (AFS) report is submitted? 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? Can a CPA that provides other accounting services to the licensee prepare the Annual Financial Statement (AFS) report? In March 2020 the Marijuana Regulatory Agency announced a phase-out process to end external transfers to the regulated market, which included products grown and processed by caregivers. Can I sell or transfer unused tags to another facility? Besides the cost of opening a dispensary, other expenses exist - and these will impact your profit margin. What should I do? In this situation, the company actually spent more money to makelessmoney on the sale. Not anymore. Recreational marijuana sales totaled more than $341 million in the fiscal year 2020, which ran from Oct. 1, 2019, to Sept. 30, 2020. Website links: But that is coming to an end real fast. Michigans Marijuana Tracking Act requires the establishment of a statewide monitoring system that can integrate with third-party inventory control and tracking systems such as Covas Cannabis Dispensary POS Software in order to allow: Additionally, Michigan's Adult-Use Marijuana Emergency Rules state that licensees must use a third-party inventory control and tracking system that is capable of interfacing with the statewide monitoring system to track: Michigan has chosen Metrc as its official statewide marijuana monitoring system. 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! Can a federally recognized Indian tribe apply for a state license? 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. You will need a processor-handler license to manufacture and/or sell a hemp product. Retailer: With a marijuana dispensary license, you can sell medical marijuana and other marijuana products, including plants and seedlings. I have a hemp license under the industrial hemp program. 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. And many of those . Our number is in the lower right corner works even on desktop. 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. 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). Put another way, thats about 35% more money in the sellers pocket compared to a straight cash out offer. Do I need to keep a copy of the documents (application form, physician certification form, or required supporting documents) I send to the MMMP? If youre already operating a license just call us. Marijuana is legal in Alaska both for medical and recreational use. Dispensaries and Grower-Processors can now download commonly used request forms on the new forms page. Possessing or using any amount of marijuana meant jail time and growing small amounts of marijuana was a felony with up to four years in jail. What should I do? Sales began Dec. 1, 2019. 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. Or just click the city closest to you! The state tax requirements in medical marijuana in Michigan is 6% sales and use tax. 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. We work closely with our trusted team of growers to ensure the integrity of our product. 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. Do I need a processor-handler license? Anyone under the age of 21 must provide a Michigan medical marijuana card. Select your LEGAL WEED A provisioning center may offer home delivery once the facility's delivery procedures have been provided to and approved by the MRA. The application fees are around $6,000. You can apply online, view application resources, and download application forms at the MRAs adult-use marijuana application page. Annual renewal fees range from $30,000 to $50,000 and are based on gross sales compared to other license holders. Once all information is received and confirmed to be correct, your license will be issued. What is the timeline to process an adult-use application? 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. It's a common question across the U.S. right now. 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 you wait too long, and those new dispensaries start cannibalizing your business, then you may end up getting a purchase price substantially less than what you would have gotten if youd listed your dispensary for sale before the cityaccepted those licenses or ordinances. 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. Prior to that, the state had very strict marijuana laws for non-medical users. Michigan is a great market, but it's not cheap to operate there. Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. 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. 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. 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. For now, there are only medical dispensaries available to [] Under Michigan law, both actions are a felony punishable by up to 4 years in prison. How much is the fee? 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 illegal to use cannabis in a public place, such as on the street or at the park. operating under the MMFLA; recreational or adult usei.e. Since the adult use marijuana industry in Michigan is fairly new, requirements are still constantly changing. 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. Can I sell food and/or alcohol at my designated consumption establishment? Where can I find more information on each type of license? If a current application is under review by the Agency, can I change the ownership? 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. Can I transfer a marijuana license from one entity to another? This is an annual license running from December 1 through November 30, and the fee is $1,350. All of our seeds are lab tested for genetic quality, hand picked just for you, and shipped directly to your door in . For instance, if a consumer is at home, they can possess up to 10 ounces of marijuana. Marijuana dispensaries in Michigan are permitted to sell both medicinal and recreational marijuana to anyone over the age of 21 with a valid I.D. To sell marijuana to any person. Watch out for real estate costs, which can really become the largest aspect of the provisioning center. This is an annual license running from December 1 through November 30, and the fee is $1,350. There are three different ways that a medical or adult-use cannabis dispensary can send daily compliance reports from their point of sale to Metrc: 1. Only dispensaries with a designated consumption site license can have smoking lounges or otherwise allow consumption of marijuana products on-site. 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. But timing your sale can also be important with respect to yourspecific municipality and location. The regulatory assessment for Fiscal Year 2020 (beginning October 1, 2019 and ending September 30, 2020) for a new provisioning center license is $44,000. Should I go to a third-party business to get/renew my registry identification card? What If You Get Caught With 25 Plants? How do I register as a patient (over age 18) with the Michigan Medical Marijuana Program (MMMP)? Can I find out the status of my patient's application if I contact the MMMP? 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.