Financing any business isn’t a walk in the park. And it’s even harder for a business that’s considered high-risk, such as a marijuana dispensary. The primary reason behind the difficulty in securing funds for marijuana-based businesses is the complex legal status around the cultivation, sale, and use of marijuana. Even...

Today, the State of Michigan officially declared a “shelter in place” order in order to contain the spread of COVID-19, also known as the “coronavirus.” The order asks residents to avoid all nonessential travel and requires all individuals to stay home or at their place of residence, with certain exceptions....

Needing insurance is like needing a parachute.  If it isn’t there the first time, chances are you won’t be needing it again.  Too often is the case of wrong coverage, or inadequate policy limits running businesses out of business. With exponential growth in industry comes growing pains. The Cannabis market...

In the past two years, Michigan’s Marijuana Regulatory Agency and its predecessor has licensed numerous marijuana facilities under the Medical Marihuana Facilities Licensing Act, or MMFLA. Under the MMFLA, a licensed dispensary—often referred to as a “provisioning center”—can only sell to Michigan medical marijuana card holders.  Similarly, a licensed grower...

Michigan’s two marijuana licensing statutes—the Medical Marihuana Facilities Licensing Act (“MMFLA”) and Michigan Regulation and Taxation of Marihuana Act (“MRTMA”) place limits on the number of plants a licensed grower can cultivate.  This is in contrast to most other states that limit cannabis cultivators by total canopy size rather than...

The legalization of hemp-based CBD oil through the Farm bill in 2018 marked the beginning of an influx in CBD products and cultivation. The industry continues to grow in size and companies continue to establish their hold in the market. However, the regulations are prone to change, and compliance needs...

Many cannabis investors interested in getting into the industry have used the stock market as a way to invest in North America’s growing marijuana industry.  After experiencing years of nearly unfettered growth, cannabis stocks seem to have hit the proverbial wall. Popular stocks such as Tilray, Canopy, Medmen, and Aurora...

Earlier this year, the Michigan Department of Agriculture and Rural Development (MDARD) launched an industrial hemp pilot program. MDARD recently released the emergency rules related to the testing procedures of industrial hemp.  Plants must contain less than 0.3% THC concentration by weight to comply with the statute and all non-compliant...

Earlier this year, the Michigan Department of Agriculture and Rural Development (MDARD) launched an industrial hemp pilot program.  Last week, MDARD released the emergency rules related to the testing procedures for industrial hemp in Michigan. These rules outline the process for testing Michigan Industrial Hemp produced under the State’s Industrial...

Congratulations, you’ve successfully become an MRA approved State of Michigan licensed Marijuana Grower! Now what? The first obstacle many state licensed Growers face is where to obtain plants, seeds, seedlings, or tissue cultures. If you are a caregiver or you hire a full-time employee that’s a caregiver, you can transfer...