Municipalities throughout the state have been considering ordinances to allow marijuana establishments, including dispensaries. Past eligibility restrictions have acted as a barrier to many budding entrepreneurs, but with restrictions easing, the process has become simpler. According to recent census data, there are 6.9 million adults over the age of 21 in Michigan. Data suggests nearly 60 percent of adult Michiganders use recreational cannabis.
California tops both the recreational and medical marijuana market lists. Commercial lenders like Bespoke Financial can help you obtain cannabis business financing in Michigan. We will also be paying attention to how marijuana sales perform in Detroit now that the city has allowed them. In order to prevent further thefts, many cannabis business owners are [pii_email_a842a49627b0c2ce2542] implementing security measures to ensure that drivers have the necessary protection to perform their tasks safely. One of the business owners spoke to the local news about what his dispensary is doing to assist drivers. The security measures include cameras in the delivery vehicles, product lock boxes, and a double verification system for customers.
We are a full-service Marijuana Business Law Firm with dedication to helping both start-ups and established businesses make their mark on the Michigan Marijuana Industry. Our attorneys are deeply familiar with the laws and marketplace surrounding medical and recreational marijuana as well as Hemp and CBD. As cannabis attorneys we provide invaluable legal and business advice to help you start your grow facility, provisioning center, processing lab, safety testing facility, secure transportation company, or cannabis microbusiness.
House which leaves advocates of the legislation hopeful that it will pass the Senate as well. Patricia Herndon of the Michigan Banking Association, said allowing more service providers to a level playing field will automatically serve the market in a positive way. The Safe Banking Act, which would expand marijuana entrepreneurs’ access to financial services, had bipartisan support in the U.S. Some examples are an orthopedic spine surgeon, a former county commissioner board chair and president of an international logistics firm. Frankly, a lower- or lower-middle class applicant from Detroit or Flint or Tecumseh with a felony drug charge stands little chance of actually succeeding in opening a marijuana operation. With prices collapsing to just $102.65 per an ounce of marijuana flower, any new entrant in the market needs deep, deep pockets to survive rapid consolidation and failures plaguing the industry right now.
I sometimes joke that it took my three years in the industry to be an “overnight success.” But with the right funding, team and lots of hard work, you can have a successful, and legal, cannabis business here in Michigan. At Scott Roberts Law, we’ve submitted well over a hundred prequalifications, and can help you identify and overcome potential licensing issues. With respect to multi-partner groups, sometimes this means leaving someone off of the license due to issues in their background, and instead having them control or finance the real estate or equipment. In other situations, it may simply mean getting ahead of certain issues and providing your side of the story in the form of a cover letter to your application.
Once licensed by the state, new recreational cannabis facilities will aid in boosting Michigan’s marijuana product supply, as well as provide more convenient dispensary access to Michigan residents. Under the law, CRA would grant $20 million annually to one or more clinical trials that are authorized by the United States Food and Drug Administration . We’ve made it easy to apply, and you’ll receive an answer within 7 days. The types of locations that sell cannabis and marijuana are also very different. These include shops, cafes and other places where smoking is allowed. For example, you can find cannabis dispensaries in many public places, such as schools, libraries, churches and parks.