Michigan starts accepting licenses for marijuana business
Posted by Sagar Satapathy on December 16, 2017.
Michigan began accepting medical marijuana license applications from Friday, for setting up of the State’s new, regulated medical marijuana facilities.
People flocked in at the state Department of Licensing and Regulatory Affairs on Friday morning. The Department also accepted 48-page online application which costs $6,000, which can be paid via credit card or electronic check.
The state will be accepting applications for five categories of medical marijuana licenses - grower, processor, testing facility, secure transporter and dispensary.
Michigan had already approved a law for its growth and use in 2008. So far, the state has 42,406 caregivers and 265,607 patients. However, the law didn’t speak much about the commercial use of marijuana.
In 2016, a tighter and more regulated Medical Marijuana Facilities Act was developed, which set up a broader framework for the licensing and regulation of commercial marijuana use.
The licenses are expected to be rolled out in the first quarter of 2018.
The applicants have two options to fill for obtaining the license - applicants can either turn in their application for per-qualification purposes, which allows the businesses to fill out and submit the application before it has received approval from the local community in which it wants to locate. In such a situation, the state will do a full background check. The other method – the applicants can go for license qualification, which includes all the necessary information for a license, including a location and approval from a community.
The elected officials in many communities are yet to take a call on whether they will allow medical pot business to flourish in their locality.
Michigan is expected to generate $711 million in sales and $21 million in tax revenues for the state. There is no limit on the number of licenses the state can issue.comments powered by Disqus