Similar to microbreweries for the production and sale of alcohol, marihuana microbusinesses are independently owned businesses that grow, process and retail sale their craft goods to those 21 years of age or older. Although limitations exist on production quantity and outlet ability, marihuana microbusinesses are well poised to compete in Michigan’s recreational landscape.
The Michigan Regulation and Taxation of Marihuana Act (MRTMA) was passed by voter initiative in late 2018. The state is likely to start accepting applications for marihuana microbusiness in September, 2019. For those who want to turn their passion into a fully integrated business operation without the need for large-scale capital contribution, the marihuana microbusiness may be the perfect avenue to pursue.
If you’re looking to break into the cannabis market and want to strategically explore your options, give the Michigan Cannabis Lawyers a call at (517) 512-8364.