The Green Rush
It’s being called the Green Rush for several reasons, but the one that should matter most to you is the amount of money that can potentially be made in Michigan’s Marijuana Industry.
When voters decided to amend Michigan’s Constitution to allow for recreational marijuana, they opened the doors to a number of business opportunities for entrepreneurs in Michigan. Attitudes of the general public toward marijuana have changed rapidly over the past few years. It is being seen now not only for the healing powers the plant may possess and its recreational opportunities, but also for the uses that industrial hemp can provide. It also provides work for contractors to build new facilities and repurpose old ones to meet the growing demand for medical and recreational marijuana.
Craft breweries, wineries, and distilleries have popped up across Michigan offering new and exciting tastes and flavors. Will there be something similar in the marijuana industry? The answer is yes. Michigan has a microbusiness license that will allow the licensee to attract people with their own unique strain. These licenses will allow you to grow up to 150 plants, process, package and sell it right on site. One can envision these craft dispensaries attracting a loyal following like Bell’s or Founder’s did in Kalamazoo and Grand Rapids when the craft beer industry was in its infancy. The microbusiness license offers the chance to get in at the ground floor.
The State of Michigan will begin accepting adult-use marijuana applications on November 1, 2019, so it’s not too late for you to throw your hat in the ring. If you are interested in starting a marijuana-based business, come speak to us about getting it off the ground. The application process is not for the faint of heart, however, there are many decisions to be made at the start, and failing to comply with the law could lead to your application being denied. The attorneys at Shinners & Cook know how to navigate the nuances of the law that make marijuana a unique and lucrative business opportunity.