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MICHIGAN CONSIDERS MAKING RECREATIONAL-ONLY CANNABIS LICENSE AVAILABLE BY NOVEMBER

MICHIGAN CONSIDERS MAKING RECREATIONAL-ONLY CANNABIS LICENSE AVAILABLE BY NOVEMBER

Michigan is weighing the possibility of making recreation only licenses available to marijuana businesses in November, a year before initially intended. This is a change from the requirement that initial adult-use licenses would only be granted to those licensees with existing medical use licenses. The plan would open up new business opportunities in the adult -use sector and create a new wave of State licensing.

The recreational program remains constrained due to only a small number of municipalities welcoming the adult use locations, with many cities opting not to allow these provisioning centers within their city limits, at least for the time being.

The Michigan Marijuana Regulatory Agency is finding out that obtaining both a medical marijuana and recreational license might be too much of a barrier to entry, especially in cities like Detroit, which are concerned with social equity programs. Michigan adult-use sales are already rivaling the medical sales exceeding $200 million in revenue, with projected sales to reach nearly $500 million in 2020.

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