Do I need a processor-handler license? Is there a limit on how many times an entity can change ownership? Can licensed Michigan provisioning centers accept visiting qualifying marijuana patient cards? My Processor-Handler license expired November 30, 2021, and I have not been able to submit a renewal application yet. We offer secure online consultations for long-distance patients and are . When does a patient registry identification card expire? You can see the button on the lower right works even on desktop. 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 Additionally, under the Michigan Regulation and Taxation of Marijuana Act, adults aged 21 and older may cultivate up to 12 cannabis plants at home. I am a vertically integrated licensee. In 2018 and early 2019, dispensaries would essentially sell themselves. Do I have to be a resident of the state of Michigan to obtain a patient registry identification card? 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. 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. Each license is exclusive to the license type issued and to the licensee. Handling - Possessing, storing, or transporting industrial hemp on premises owned, operated, or controlled by a registered grower or a licensed processor-handler. 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. Recreational cannabis is a 10% excise tax plus a 6% sales tax. Well share how we did it if you complete the form. Does this qualify me for an adult-use marijuana establishment license? Also note, the business receiving the cleaned seeds is also involved in the processing aspect and would require a processor-handler license. Please follow the instructions on each form for completion and submittal to the Office of Medical Marijuana. Once approved for a license, the initial licensure fee for an adult-use marijuana retailer is $25,000. Usually, seller financing is a verified win-win for both buyers and seller. The lives that is just a piece of the puzzle. 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? By the beginning of 2020, both Illinois and Michigan dispensaries will be freely selling marijuana. My business is developing an in-field THC testing kit, and we will collect hemp samples to test the efficacy of the kit. How much is the fee? As of Dec. 1, 2019, Michiganders are able to purchase cannabis for recreational adult-use ("recreational cannabis"). 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. Search no further, here you may find a list of cannabis growers and marijuana cultivators complete with their offering and locations they serve. Where the applicant will identify the specific facility for which they are applying (grower, processor, provisioning center, safety compliance facility, or secure transporter) in the Facility License Application (FLA), and provide information and supporting documentation specific to the license sought. Do I still need to report this on Schedule of Expenditures Service Vendors? Not anymore. This is a less-intense version of the Budtender Certification with an overview of the endocannabinoid system and a summary of the basic cannabinoids and terpenes that the plant possesses. Cannabis Business Lawyer & Founding Partner, Segev LLP, In November 2018, Michigan dispensary laws changed when voters approved the, Moreover, municipalities that had previously opted not to participate in legal marijuana will now have an opportunity to allow recreational cannabis. How should the Annual Financial Statement report be compiled for a licensee who has multiple licenses? 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. 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. Aside from the licensing application documents required in Section 7, there currently are no recordkeeping requirements for hemp processor-handlers. For retailers is $25.000 for new licences, while for provisioning centers is $44.000. Just show your valid driver's license, passport, or state-issued I.D. The creation of a business plan that leads you to profit and, eventually, success is essential to getting the most out of the dispensary business in any State, Michigan is certainly not the exception. The market for Michigan dispensaries has been incredibly cyclical. How do I register as a patient (over age 18) with the Michigan Medical Marijuana Program (MMMP)? The average Medical Marijuana Growers salary in Michigan is between $43,530 and $64,077. Present your I.D. How can a caregiver withdraw from the program? 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. Not only that, but the interest rates offered by sellers tend to be a lot less than the interest rates offered by private lenders in the industry, which currently hover around 12%. You can apply online, view application resources, and download application forms at the MRAs adult-use marijuana application page. This resource is for finding the closest legal weed shops to you. How do I add a caregiver or change to a different caregiver? Opening a cannabis dispensary in Michigan requires more than application forms. What is the Annual Financial Statement (AFS) reporting period? However, specific amounts are carryable depending on where you are. 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. Website links: Dispensaries: Compassionate care centers will be licensed by the state. But, from March 2021, Michigan will start accepting applications for recreational cannabis licensing opportunities from entrepreneurs who did not previously hold medical marijuana licenses. Check back frequently as the landscape is evolving daily . Will I receive a registry identification card for each qualifying patient that designates me as his or her caregiver? There are two fees associated with the provisioning center licensing process. 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. July 2, 2020 Jordyn Pair. It is our goal to be one of the best legal resources for cannabis real estate industry. Important Updates Cannabis Market Taxation and Regulatory Compliance Analysis Grant Program EGLE: Cannabis Environmental Regulatory Information The monthly purchasing limit for patients is 10 ounces of cannabis or equivalent product. What do I do? Please note, depending on the industrial hemp product you intend to sell, there may be additional requirements for you to follow. I have an active caregiver registry identification card(s) and I recently moved. As of January 2020, it's legal for Illinois residents over 21 to possess 30 grams of marijuana, 5 grams of concentrated cannabis and products containing up to 500 milligrams of THC. 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. Is the fee for transportation a pre-determined fee set by the state? Does product have to go from a grower to a processor or can a grower sell product directly to a provisioning center? Keep the plan accurate to make your dispensary business more successful in the long run. 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. Can I sell food and/or alcohol at my designated consumption establishment? Can plants or other marijuana product be bought from caregivers? How long does it take to receive a registry identification card? While this is OK for other industries, the Michigan Medical Marijuana industry is different. Do I still need to report this on P8 Schedule of Outsourced Services? Can a CPA working in a bookkeeping firm prepare the Annual Financial Statement (AFS) report? Do not try to pitch cannabis products to dispensaries in another state. How much is the fee? How can a patient withdraw from the program? Operating costs vary. Here is all the information you need. || attorney & consultant marketing - collateral base firm, Developed By WorldWin Coder Pvt Ltd & Stumari. Retail Innovation Labs LLC Trading as Cova Software. Do I have to provide proof of my Michigan residency when I renew my registry identification card? 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. If youre already operating a license just call us. 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. Class A is a Grower license for 100 marijuana plants, Class B is a Grower license for 500 marijuana plants, and, Allows applicants to begin the application process while still seeking a location for the proposed marijuana facility, It starts by filing an Entity/Individual Pre-qualification Packet. But timing your sale can also be important with respect to yourspecific municipality and location. 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.