how to sell to dispensaries in michigan 2020

Who is eligible to be an employee for a licensed facility? The Michigan Regulation and Taxation of Marihuana Act, or "MRTMA", created a new license type for the Michigan recreational cannabis marketthe microbusiness license. Michigan adult-use cannabis retailers must: Every regulated cannabis market has its own tracking and reporting requirements. 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. However, you should take some common-sense steps and consider speaking with an attorney to advise you. Could you provide clarification on excess marijuana grower licenses? If a current application is under review by the Agency, can I change the ownership? Should I submit my full application (Step 1 and 2) together? Many of the big companies that were driving up the purchase price of state dispensary listings stopped buying, and this caused the prices to fall off a cliff. Is the lab conducting the testing have any accreditations? Weve won licenses in competitive limited markets, and open market states. What documentation is required when applying for a medical marijuana state operating license? As a registered caregiver, can I transfer my plants to my adult-use establishment? An overview of the medical and recreational marijuana laws in Michigan. This was the case on business sale I worked on, where a group had a very strong location in a fairly well populated metropolitan area. Can I submit an incomplete prequalification application? Check CRA's website periodically as PA 547 of 2014, as amended, may be updated, and there may be additional requirements such as labeling for hemp products. Those same rules apply to a dispensary where cannabis businesses across the spectrum attempt to sell their products . Cannabis licenses in every state of the United States tend to be a tricky situation, Michigan is not the exception. View Department pages to learn more about working in state government, connect with us on social media and contact department Equity and Inclusion Officers. How do I submit deficiency documents/responses for my Annual Financial Statement (AFS) Report? Can I submit one Annual Financial Statement (AFS) report that includes all my licensees that are commonly owned? Retail Innovation Labs LLC Trading as Cova Software. Friend has his own grow op and wants me to be an outside sales rep trying to get product into dispensaries (when covid blows over obviously). Should those transfers be reported as revenue on P2 Schedule of Revenue? The average price for an ounce of recreational flower dropped from more than $512 in January 2020 to $131 in May, a 74.4% decline, according to the Michigan Cannabis Regulatory Agency. operating under the MRTMA; or both. Does the address on my application have to match the address on my Michigan driver license or personal identification card? 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? As has been said, unless you are a licensed cultivator, you cannot sell to dispensaries. What are the capitalization requirements for an adult-use license? Michigan's Industrial Hemp Research and Development Act, PA 547 of 2014, as amended, requires any person who is marketing industrial hemp in Michigan to be licensed as a processor-handler. Can a microbusiness obtain marijuana from a marijuana grower or processor? Many dispensaries have edibles and other Marijuana processed products on shelves that customers can walk up to and inspect. Not a bad deal if you ask me. Please follow the instructions on each form for completion and submittal to the Office of Medical Marijuana. Michigan Medical Marijuana Program (Patients/Caregivers), Verify a Medical Marijuana Facility License, Verify an Adult-Use Establishment License, Metrc - Statewide Marijuana Monitoring System. Do companies need liability insurance to obtain a Processor-Handler License? How long does it take to receive a registry identification card? Obviously, you can start with a call to the dispensary. Can a Medical Marijuana Facility Licensing Act (MMFLA) licensee apply for any adult-use license type? How do I know if my Annual Financial Statement (AFS) Report has been approved? A designated caregiver must purchase medical marijuana for patients under the age of 18. Michigan's MRA began accepting adult-use cannabis facility license applications on November 1, 2019 only from persons currently holding a medical marijuana operating license. 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. Does this qualify me for an adult-use marijuana establishment license? Here is all the information you need. Below, weve provided answers to as many questions as possible concerning cannabis retail licensing and dispensary laws in Michigan, and we will continue to update this page regularly as new details emerge. What is Selling to a Dispensary? Operating costs vary. In 2018 and early 2019, dispensaries would essentially sell themselves. The second step includes a review of the proposed retail establishment, including a physical inspection, as well as payment of the licensure fee once approved. How do I renew my registry identification card? You can apply online, view application resources, and download application forms at the MRAs adult-use marijuana application page. Why is testing of marijuana products required? Of course, not everything is as clear cut as the above example given the wide variance of municipal restrictions on the cannabis real estate industry. Website links: What percentage of sales tax are medical facilities required to pay? As a matter of fact, we find many public cannabis business do not actually make a profit,with a handful of exceptions. I am a licensed hemp processor and assume I need to record weight of incoming hemp shipments and the weight of products that we produce from hemp. How to Open a Dispensary in MI: Licensing and Permitting. In 2018 and early 2019, dispensaries would essentially sell themselves. Yes; medical marijuana patients can cultivate up to 12 cannabis plants at home. Yes. If your application passes the prequalification step, then you will enter the second phase. Does product have to go from a grower to a processor or can a grower sell product directly to a provisioning center? In an industry that is constantly changing, adapting quickly to take advantage of new opportunities and facing potential challenges that come with the territory will determine if youll have a successful business or not. As of Dec. 1, 2019, Michiganders are able to purchase cannabis for recreational adult-use ("recreational cannabis"). 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. Of course, itll depend on what type of cannabis license you want to get for your operation. Just show your valid driver's license, passport, or state-issued I.D. How much is the fee? You're taking their product and benefitting from it - again, a question for an attorney as this is out of CRA's regulatory authority. The actual license fees vary depending on the type of license. Requirements for processing hemp in Michigan can be found in the Industrial Hemp Research and Development Act, PA 547 of 2014, as amended. Fortunately, the market has picked back up, as many of the larger Michigan vertical companies are buying once again, and out-of-state MSOs are beginning to discover the largely untapped Michigan market. You can see the button on the lower right works even on desktop. 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. We do not have a written agreement or contract. 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 While this can be important, it doesnt really have as much relevance as some may think as the numbers really determine the value on the cannabis real estate market. Check back frequently as the landscape is evolving daily . 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. Do I need a license for a social/cannabis club? This is an annual license running from December 1 through November 30, and the fee is $1,350. Basic Dispensary training is 2.5-hour class covering what you need to know to work the retail side of the industry: CBD Stores or Cannabis Dispensaries. A microbusiness license allows the holder to grow up to 150 plants, process flower into marijuana products such as edibles and extracts, and sell direct to the consumer, all with one MRTMA license. 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? You are required to complete both Step 1 (Pre-Qualification) and Step 2 (Full Licensure) before you can open the doors and begin operations. What authority does a municipality have in the marijuana industry? They are using a two-step program for cannabis licenses applications in Michigan. 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. I'm a current/prospective medical marijuana patient. Marketing - Promoting or selling industrial hemp or an industrial hemp commodity or product, including but not limited to, efforts to advertise and gather information about the needs or preferences of potential consumers and suppliers. Will being a registered patient/caregiver affect my ability to receive an adult-use establishment license? Below is an updated listing for non-residents purchasing out-of-state medical cannabis and recreational marijuana. The beginning costs of a Michigan marijuana growing license includes a non-refundable application fee, as well as a regulatory assessment. There are two fees associated with the adult-use marijuana retail license in Michigan. But that is coming to an end real fast. We offer secure online consultations for long-distance patients and are . Everything you need to know about opening a retail cannabis location in Michigan. Other strains include; Strawberry Guava at $45, Mint Chocolate Chip Cookies . Many of the customers coming from the northern suburbs found it easier to go to Ferndale or Hazel Park after they'd approved green zone operations, rather than drive the extra couple of miles to Detroit; which was further magnified by Detroits botched first recreational roll out.