There are a couple of different business licenses you can choose from when applying for medical marijuana or recreational marijuana license. Here we highlight the Michigan Class A Grower License.
This grow license type allows up to 100 plants. Determining plant count from the MRA
Initial Licensing fees
First, your municipality must “opt-in” by writing an ordinance to allow cannabis growing in their area. The city council might include a municipality fee and you must contact them to find out if there are local municipality fees. Then you must pay the State a nonrefundable application fee of $6000 for a state investigative service that conducts background checks to make sure that you and your business partners qualify.
Capitalization Requirements
If you are applying for a license the state requires that you demonstrate you have enough money to start and run a business. Applying for a Class A Grower License the state of Michigan requires that you have at least $150,00 in business capital. This includes at least 25% in liquid assets that are easily convertible into cash or CDs, stocks, and bonds.
Read more about Class A Grower License Capitalization Requirement from the MRA
Suggestions
These laws and regulations are changing daily. This information might be outdated! Please call the Michigan Cannabis Lawyers today to schedule a consultation to get the most updated information and help with your Class A Grower License. 517-512-8364
