As the legalized recreational marijuana industry continues to grow in Michigan, more and more businesses are opening for business. For retailers is $25.000 for new licences, while for provisioning centers is $44.000. Can you change the license type, or number of license(s) you are prequalified for without submitting a new application? Who is a "managerial employee" of the applicant? RELATED POST: HOW TO GET A GROWERS LICENSE IN MICHIGAN, A marijuana provisioning center is defined under Michigan law asa licensee that is a commercial entity that purchases marihuana from a grower or processor and sells, supplies, or provides marihuana to registered qualifying patients or registered primary caregivers. Since the consultants we work with tend to do a lot of business with the bigger Michigan cannabis brands, oftentimes we find that they can help negotiate lower wholesale prices for these products, which can improve both revenueandmargin. Our number is in the lower right corner works even on desktop. We do not have a written agreement or contract. 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. Lastly, cyber security can cause huge problems for a dispensary if their point-of-sale software is compromised. Does my ownership for an entity licensed under both MMFLA and MRTMA have to match? 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. Thanks! You want to make sure to have the assistance of an experienced licencing lawyer that helps you prevent unnecessary risks. The thing is, when a dispensary is pre-operational, valuation becomes much more subjective. 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. Youll be required to provide the same information you submitted during the pre-qualification phase, with information regarding the municipality in which youll operate. How can a caregiver withdraw from the program? Can a Medical Marijuana Facility Licensing Act (MMFLA) licensee apply for any adult-use license type? to enter the dispensary. Please follow the instructions on each form for completion and submittal to the Office of Medical Marijuana. Youll have to pay a nonrefundable fee of $6000 at the time of filing to defray the costs associated with the background investigations and fingerprint processing. We do not have a written agreement or contract. Another way to do this is by marketing, though Im sure this isnt new news to most dispensary owners. Can I find out the status of my patient's application if I contact the MMMP? Point-of-sale software such as IndicaOnline has maximum-security data . That's especially so in states like California, where recreational cannabis recently became legal. 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. You can apply online, view application resources, and download application forms at the MRAs adult-use marijuana application page. Dispensary Store Manager: If you're wondering how much a dispensary pays to manage a store, the pay scale is anywhere from $60,000-$120,000 Licenses are given out for marijuana cultivators, processors, testing facilities, transporters, and, of course, dispensaries. 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 This subreddit is for news, discussion and collaboration between current and future employees and entrepreneurs in the legal marijuana and hemp industries. 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. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. 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. Yes. Is the lab conducting the testing have any accreditations? They rake in $31,000-$42,000 depending on the dispensary. If you were to look just at data for comparable sales of dispensaries, it may be hard to make heads or tails out of the sales prices. Recreational marijuana in Michigan has been legal since 2018, when voters in the state narrowly approved a ballot initiative creating the Michigan Regulation and Taxation of Marihuana Act. 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. But Michigan regulators felt it was necessary to phase out caregiver contributions, to spur investment in licensed grow facilities. But, from March 2021, Michigan will start accepting applications for recreational cannabis licensing opportunities from entrepreneurs who did not previously hold medical marijuana licenses. Do companies need liability insurance to obtain a Processor-Handler License? Late fees apply on license renewals ( MMFLA Section 333.27402 (11)) Cost to Open a Dispensary. I am a Certified Public Accountant (CPA) conducting the Agreed-Upon Procedures report. 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. Other strains include; Strawberry Guava at $45, Mint Chocolate Chip Cookies . 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. It costs $10.000 in-licenses fees, plus the application fees that are an additional $6.000. The total fees range from $4000 to $40,000 depending on the class you are applying for. Convenience and Clarity Matters to Gen X. In terms of where you may use the substance, Michigan law requires that anyone using cannabis must do so in private, such as in their own residence. || attorney & consultant marketing - collateral base firm, Developed By WorldWin Coder Pvt Ltd & Stumari. Who is eligible to be an employee for a licensed facility? And since the frameworks for cannabis businesses in Michigan are still being outlined, possible changes in the rules for applications could happen too. Will I receive a registry identification card for each qualifying patient that designates me as his or her caregiver? For recreational cannabis is 10% excise tax plus 6% sales tax. Report to Metrc manually With this method, data is exported from your cannabis point of sale software via a CSV file, configured to correct formatting, and then uploaded manually to Metrc. How should those disbursements be reported on the P3 Schedule of Disbursements? 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. Requirements for processing hemp in Michigan can be found in the Industrial Hemp Research and Development Act, PA 547 of 2014, as amended. 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. Dont be one of them. However, equally important to note is that this percentage varies in . Recreational cannabis will be subject to a 15 percent excise tax on top of the standard sales tax. How much is the fee? Who can prepare the Annual Financial Statement (AFS) report? Ohio. However, there is a method to the madness, as certain Michigan dispensaries knew how to best position themselves for eventual sale, or best structure the sale, while many others do not. 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. Do I still need to report this on Schedule of Expenditures Service Vendors? Detroit finally. 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. 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. Applying for an Adult-Use License? Who can apply for a license and is there an age requirement? My business is developing an in-field THC testing kit, and we will collect hemp samples to test the efficacy of the kit. For instance, if a consumer is at home, they can possess up to 10 ounces of marijuana. The average price of an 8th in Lansing. Obviously, you can start with a call to the dispensary. Discounts of up to 75% are also available to applicants belonging to a disproportionately impacted community on licensing fees and properties owned by the city land bank. 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. Where can I find the advisory bulletins regarding the administrative rules? Using the Detroit 8 Mile dispensary listings as an example, once the cities of Ferndale, Hazel Park and Centerline came fully online, the appeal of 8 Mile dispensaries and other cannabis businesses for sale in Detroit dropped. How much is the fee? By. 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? There is an additional $100 fee to cultivate . Search no further, here you may find a list of cannabis growers and marijuana cultivators complete with their offering and locations they serve. How do I get a replacement registry identification card if mine is lost, stolen, or damaged? Medical facilities will be authorized for recreational sales as of January 1, 2020. I am a licensee with multiple licenses that does not track all disbursements by license type, so some of the disbursements made cover more than one license that I hold. Can I submit an incomplete prequalification application? If anyone could give me a run down of everything that goes into the process of selling into dispensaries, it would be greatly appreciated. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. If the dispensary is otherwise quiet . Do I need to keep a copy of the documents (application form, physician certification form, or required supporting documents) I send to the MMMP? Can convicted felons apply for a license? If you are looking to sell your dispensary, give the experts atMichigan Cannabis Propertiesa call to set up a free consultation. For more information about home delivery requirements and procedures, please see here. 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. Does the MMFLA provide any protection for CPAs and financial institutions whose clients are licensed by or pursuing licensure with the state under the MMFLA? An overview of the medical and recreational marijuana laws in Michigan. 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. Some of the strains at this price include Purple Punch, London Pound Cake, Triple Chocolate Chip, Mendo Breath, Caesar, Mimosa, Cookies and Chem, Mac 1, Skunkberry, Tropicana Cookies. 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. Adults who are . Only dispensaries with a designated consumption site license can have smoking lounges or otherwise allow consumption of marijuana products on-site. Does a microbusiness have to operate in an area zoned for industrial or agricultural use? What are the zoning restrictions stated in the MMFLA and what are the distances licensees are required to be away from certain buildings like schools, churches, etc.? Can someone else sign and date the application if the applicant is mentally or physically incapacitated? If youre already operating a license just call us. This is also known as 'Step 1' of the state licensing process in Michigan. The application fees are around $6,000. There are many ways to drive additional revenue as a cannabis business as well as increase total EBIDTA, including those that do not eat into your margins. I am a registered caregiver. Strict attention to compliance issues and regulations is required to apply for a permit to grow hemp in Michigan. How do I update my address on my registry card? May a medical grower, processor, or provisioning center facility hold an ownership interest in an adult-use secure transporter, safety compliance facility, or a microbusiness establishment? What are the capitalization requirements for each type of license? Ive been approached by radio stations that have recently begun to open up to advertising cannabis business and brands, with a few odd restrictions (such as not mentioning the word THC), but there are other avenues for marketing other than billboards and Weedmaps. Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. 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. Can I have more than one marijuana microbusiness? Patients wishing to grow medical marijuana in Missouri must first obtain an ID card from the Department of Health. If a current application is under review by the Agency, can I change the ownership? Launch our Search utility. And many of those . You can see the button on the lower right works even on desktop. Can a federally recognized Indian tribe apply for a state license? What is the timeline to process an adult-use application? One thing that the pandemic did was give us all a lot of time in the kitchen. Medical Marijuana Dispensary License. Retail Innovation Labs LLC Trading as Cova Software. Can I use one check to pay for my hemp Grower Registration and hemp Processor-Handler license? How much is the fee? All rights reserved. My business "cleans" hemp seed for a registered industrial hemp grower. While seller financing is not for everyoneand sellers need to make sure they have well drafted legal documents protecting their interestsit can be a good strategy to get a higher sales price. 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. 50% of the licenses have been reserved for Detroit legacy applicants who have lived in the city for 10 of the past 30 years and may have a marijuana conviction or for 13 of the past 30 years and are categorized as low-income. Will my license expire and how often will I have to renew my license? Many localities have stated an intention to grant approval later as the market develops. Oklahoma Dispensary Laws/Washington Dispensary Laws/Colorado Dispensary Laws/California Dispensary Laws/Maine Dispensary Laws/Missouri Dispensary Laws/Michigan Dispensary Laws/Illinois Dispensary Laws/Nevada Dispensary Laws/Montana Dispensary Laws/Alaska Dispensary Laws / New Jersey Dispensary Laws. Medical cannabis sales in Michigan are subject to the standard state sales tax of six percent, plus an additional three percent excise tax. 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. The state had allowed caregivers to sell their excess cannabis to the retail market. 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. The actual license fees vary depending on the type of license. Where can I find more information on each type of license? What this means is that you must know the market to decide when the best time is to sell. A marijuana establishment can apply for a license as a designated consumption site. 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. Below is a map of all legally . Can licensed Michigan provisioning centers accept visiting qualifying marijuana patient cards? 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? What percentage of sales tax are medical facilities required to pay? However, barriers, such as prohibition, make seed cultivation tricky. View Department pages to learn more about working in state government, connect with us on social media and contact department Equity and Inclusion Officers. Once approved for a license, the initial licensure fee for an adult-use marijuana retailer is $25,000. The state tax requirements for medical marijuana in Michigan is 6% sales and use tax. I am a Certified Public Accountant (CPA) conducting the Agreed-Upon Procedures report. This license is for individuals who are qualified to acquire, possess, distribute and dispense marijuana. o Michigan.gov/IndustrialHemp (main page) To get a marijuana business set up in Michigan, youll need to be aware of the laws and how to get licensed. 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. If youre already operating a license just call us. What do we need to do to sell our ingredients to product manufacturers that sell to Michigan dispensaries? 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. Cannabis Market Taxation and Regulatory Compliance Analysis Grant Program, EGLE: Cannabis Environmental Regulatory Information. As the #1 place to buy marijuana seeds in Michigan, Pacific Seed Banks is proud to bring you top quality, fully feminized cannabis seeds. The Department of Licensing and Regulatory Affairs has great diversity of licenses and regulation within its oversight. Important Updates Cannabis Market Taxation and Regulatory Compliance Analysis Grant Program EGLE: Cannabis Environmental Regulatory Information 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. You're taking their product and benefitting from it - again, a question for an attorney as this is out of CRA's regulatory authority. Adult-use marijuana was approved by Michigan voters in November 2018, meaning adults aged 21 and older are legally allowed to purchase, possess, and consume cannabis. I have an active patient registry identification card and I recently moved. What is the Annual Financial Statement (AFS)? 4. Can a municipality exclude certain types of marijuana establishments? I have questions about my Growers License who do I contact? Do not try to pitch cannabis products to dispensaries in another state. Feminized Seeds Growing Cannabis Seeds in Michigan For the most part growing cannabis seeds is easy. Thus, when deciding to sell your dispensary, you want find out how to be showing as high sales number as possible. 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? For all of you, our friends at Michigan Edibles put together an awesome step-by-step guide to how to legally sell marijuana edibles in Michigan. Ohio Governor John Kasich signed HB 523 into law in June 2016, allowing for the medicinal use of marijuana by those who have a doctor's prescription. RELATED POST: Michigan Business Cannabis Lawyer. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. You just organize the transaction differently. If you live in Minnesota, your chance is coming soon. However, finding the best bang for your buck when it comes to marketing your business does require amixture of the right knowledge and legal experience. I just mailed my Application Packet, but I forgot to include something important (application fee, proof of Michigan residency, physician certification). MRAs adult-use marijuana application page. Luckily, Michigan is a legal cannabis state, which drastically reduces the stress of growing marijuana seeds at home. What impact does the MMFLA have on patients or caregivers operating under the MMMA? Email: MDARD-IndustrialHemp@Michigan.gov 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. 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. Additionally, under the Michigan Regulation and Taxation of Marijuana Act, adults aged 21 and older may cultivate up to 12 cannabis plants at home. 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. Am I responsible for any of the costs associated with ordering tags? What is the cost of applying for an adult-use marijuana establishment license? A provisioning center may offer home delivery once the facility's delivery procedures have been provided to and approved by the MRA. Can you explain what "green" zoning procedures are? This will likely change in when this Act is updated. But it's illegal to carry beyond 2.5 ounces of cannabis out in public. Should those transfers be reported as revenue on P2 Schedule of Revenue? 1. The Cannabis Industry - Dispensary Profit Margins I utilize another company to handle a type of service necessary for the operation of my licensed entity. If a wholesaler, distributor, or retailer wishes to sell topical lotions or tinctures with CBD (and less than 0.3% THC with no health claims, nutritional/caloric values), do they have to possess a processor-handler license? It's a common question across the U.S. right now. I have an active patient registry identification card. 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 still need to report this on P8 Schedule of Management, Services, and Other Agreements? In addition, processor law does not include any requirements about utilizing another manufacturer's product in creating your own. There are many market opportunities you have to research, take into consideration the zone youll be operating too. Can I sell food and/or alcohol at my designated consumption establishment? Broker - Engaging or participating in the marketing of industrial hemp by acting as an intermediary or negotiator between prospective buyers and sellers. The MRA has more information online regarding specific communities. Besides the cost of opening a dispensary, other expenses exist - and these will impact your profit margin. Do I need a processor-handler license? Once put on the open market, the offers came in around $2.5M to $3M, despite the fact the company had spent a couple hundred grand extra on inventory and other items. Billboards and Weedmaps can be good tools, but there are others at your disposal as well. By the beginning of 2020, both Illinois and Michigan dispensaries will be freely selling marijuana. Handling - Possessing, storing, or transporting industrial hemp on premises owned, operated, or controlled by a registered grower or a licensed processor-handler. 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. Bars and restaurants will now be able to sell drinks to-go, as well as deliver them, until December 31, 2025. There are two fees associated with the adult-use marijuana retail license in Michigan. Doing so will result in the most efficient and timely processing of your paperwork. Check the State of Michigan Career Portal for a list of current openings in Michigan government. How can I get information from the Agency? 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. Can a person seeking certification for medical marijuana do so in a provisioning center? You can also send out email proposals to your prospective clients. Contact the Michigan Department of Agriculture and Rural Development (MDARD): Phone Number: 800-292-3939 You will need a processor-handler license to manufacture and/or sell a hemp product. What are all the required licensing and certifications required for me to legally distribute marijuana to provisioning centers? I plan on seeking multiple licenses from the Agency, do I have to pay the $6,000 application fee for each license? What should I be paying for marijuana where I live? Does product have to go from a grower to a processor or can a grower sell product directly to a provisioning center? What If You Get Caught With 25 Plants? Each license is exclusive to the license type issued and to the licensee. 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. 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. We offer secure online consultations for long-distance patients and are . The beginning costs of a Michigan marijuana growing license includes a non-refundable application fee, as well as a regulatory assessment. 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)? Can a bar or restaurant be licensed to allow adults to use marijuana on the premises? 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.