Marijuana legalization date, will take business apps is set by MI

Possession and adult use of marijuana will be legal in Michigan beginning Dec. 6, but the launch of  what is anticipated to be a billion-dollar-plus commercial industry is still more than a year off.

Earlier this month, Michigan became the first state when a cannabis initiative was approved by voters, to approve a program.

The election results were certified Monday, which set into motion the Dec. 6 legalization date and a deadline to come up with the regulatory framework within a year.

The recently upgraded Marijuana Business Factbook 2018 projects Michigan will become one of the nation ’s biggest rec MJ markets, generating $1.4 billion-$1.7 billion in annual sales within several years of its launch.

David Harns, spokesman for the Michigan Department of Licensing and Regulatory Affairs (LARA), wrote in an email Tuesday into Marijuana Business Daily that the agency already is discussing implementation issues with a variety of groups and looks forward to meeting with the nation ’s new government, led by incoming Gov. Gretchen Whitmer.

Here are some business aspects of Michigan’s rec program:

  • The state won’t restrict the amount of rec bud licenses. The amount may be, however, controlled by municipalities or prohibit MJ businesses.
  • Michigan will accept adult-use applications only from licensed medical marijuana businesses for up to two years. The state is able to make an exception and offer licenses to applicants if it is determined that more businesses are needed to ensure adequate supply and access or to counter the market.
  • The state will take microbusiness applications only from Michigan residents for up to 24 months – except for circumstances as noted above.

Meanwhile, the state has consented to extend the deadline until at least Dec. 31 for MMJ businesses to get new licenses, amid courtroom challenges and concerns supplies won’t be adequate, according to the Detroit Free Press.

Up to now, only 40 dispensaries have been approved by the state under the stricter regulatory framework.

But in approving permanent medical cannabis rules, lawmakers, have agreed to a provision the Associated Press reported.

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