Can you license you existing marijuana brand or recipe? Bureau of Marijuana Regulation says yes.

On March 21, 2019 the Bureau of Marijuana Regulation (BMR) released an advisory bulletin regarding intellectual property now allowing licensed facilities to use another company’s brands or recipes. Michigan medical marijuana licensed facilities can now enter into licensing and royalty agreements based on the number of units sold. The BMR will require a copy of the contract which must include the names of the individuals involved. This is good news for companies that have established brands and or unique recipes as they may now be able to capitalize on the brand or recipe without obtaining a license under the Michigan Medical Marijuana Facilities Licensing Act (MMFLA). If you have questions regarding either licensing a brand or obtaining an established brand call the Michigan Cannabis Lawyers at 517-512-8364.