For those looking to get into this “Green Rush” it is critically important that one understands that this business is not designed to accommodate the novice Medical Cannabis entrepreneur and investor.
The Michigan Medical Cannabis Industry is being regulated by LARA the Department of Licensing and Regulated Affairs. LARA has created a special unit for the regulation of medical marijuana called the Bureau of Medical Marijuana. The Bureau of Medical Marijuana regulates the Michigan’s medical marihuana facilities and licensees, including growers, processors, transporters, provisioning centers and safety compliance facilities. The bureau also oversees the Michigan’s patient registry program and administers the Michigan Medical Marihuana Act.
For those looking to develop a career and invest into Michigan’s Medical Cannabis Industry it is important that you are aware that the new Michigan Medial Cannabis laws have designate five classes of licenses that will be available for qualified Michigan applicants:
- A growers license with three classes of growers
- Class A – people who can grow up to 500 plants,
- Class B – people who can grow up to 1,000 plants,
- Class C – or up to 1,500 plants.
- A processor license
- A safety compliance facility license (Lab)
- A secure transporter license
- A provisioning center license (Dispensary)
Back in January 16, 2017 a well written article “New laws in Michigan shake up the marijuana industry” by Christian Sheckler South Bend Tribune sharing with Michigan’s Medical Cannabis Patient, Caregiver, and General Public that BIG changes are coming. These changes are important as Michigan’s registered Medical Cannabis Patients are above 2oo,ooo and climbing. This large number of register patients drives the logic behind rolling out this Medical Cannabis Industry in a cogent and regulated way.
In theory, depending of course on many other factors that can be considered as basic “business 101” knowledge, the current Michigan Cannabis Caregiver should have some advantages in dealing with LARA’s medical marijuana regulations. Provided with the proper council and advise, assuming they follow the complex and ever changing laws, this new legislation could transform the former Caregivers learned skill set into a BIG Business. If you are qualified and acquire any of the 3 proposed classes of growers licenses this could be a once in a lifetime opportunity. It does indeed appear the grass is greener on the other side!