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Michigan Regulators Issue Adult-Use Cannabis Business License Details

Denis Mariti

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Michigan Regulators Issue Adult-Use Cannabis Business License Details

The Michigan Department of Licensing and Regulatory Affairs indicates on its website that it is in the process of “implementing the regulatory framework created by the passing of the Michigan Regulation and Taxation of the Marijuana Act.”

Businesses can apply for the license starting on November 1, 2019, and there are no caps, either. According to Marijuana Business Daily, it projects that the licenses could generate $1.4 billion to $1.7 billion in annual sales within three years after the licenses launch.

According to Detroit Free Press, there are a number of licenses available in the state:

  • Marijuana Testing Facility
  • Temporary Marijuana Event
  • Marijuana Event Organizer
  • Designated Consumption Establishment
  • Marijuana Microbusiness
  • Class A Grower

Further, the article discusses the costs of licenses, which are set to decrease for medical and recreational marijuana businesses.

Denis is one of the most experienced researchers for reviews we have with years of experience in writing about CBD products. He will be one of the most viewed authors due to his own thrill in sharing what he is learning about cannabidiol and supplement use. With a goal of providing clarity within the budding CBD oil industry, Denis will be spending much of the year going through a catalogue of cannabis oil companies in the near future.

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