Michigan’s Marijuana Regulatory Agency is poised to begin accepting applications for recreational (adult use) cannabis businesses on November 1, 2019. There is tremendous opportunity for entrepreneurs and investors seeking to stake out their claim in this new market. With the application submission process opening soon, here are 2 things to keep in mind:
1. Most applicants will need to be licensed on the medical side first before they can transition over to a recreational license. Until November 1, 2021, prospective recreational marijuana business applicants will need to first obtain licensing on the medical side with some minor exceptions for 100 plant grows and marijuana microbusinesses.
2. Unless you’re a medical marijuana patient or caregiver, you probably won’t be visiting a retail store to pick up cannabis until December 2019 or later. The Marijuana Regulatory Agency expects to move fairly quickly in processing applications, but there are still inspections that will need to occur so it will probably take 30-60 days until the first batch of recreational cannabis businesses are licensed. So, if you’re looking to give a cannabis stocking stuffer to a friend or relative who is at least 21 years old, you might still have a “Green” Christmas.
Despite much more relaxed and accepting attitudes in Michigan and nationwide, marijuana remains illegal at the federal level. As a result, entrepreneurs and investors seeking to navigate this space have to navigate a complicated legal terrain. If you’re interested in opening up your own cannabis business, our Cannabis attorneys at Grewal Law PLLC have the experience and knowledge to help you navigate this complicated space.
Contact Grewal Law PLLC today for a free introductory consultation to discuss the ways our office can assist you.