State Hands Out First Medical Marijuana Business Licenses
The State has granted licenses to 7 medical marijuana business, the first licenses given out.
For the licenses, there is a dispensary and processor in Ann Arbor, a secure transport company in Lansing, and four grow operations in Chesaning, which is located between Flint and Saginaw.
The businesses won’t be able to operate for at least a month. However, no licenses were granted to testing facilities. This means no marijuana could actually be sold until a testing facility is licensed and tests the marijuana to be sold. Stay tuned.
Slow Progress for Michigan Marijuana Industry
The 7 licenses come after a slow roll out of the Michigan Marijuana Licensing Facilities Act. About a year and a half passed after the law came out before any license was granted. The regulatory structure for the laws and community input had to be in place before licences were granted.
Marijuana is Big Business
Colorado was one of the first states to legalize marijuana. Colorado did $1.5 billion in sales last year. There are currently 364 marijuana dispensaries in Colorado.
The medical marijuana industry is estimated to be worth about $700 million once it’s up and going, about the same amount Colorado had in sales with just medical marijuana. Michigan has almost double the population as Colorado, however. Legalized marijuana in Michigan could be an even bigger industry than we’ve seen in Colorado. There are already almost 300,000 medical cardholders in Michigan.
Michigan residents will vote on recreational use and possession of marijuana on November 6. The financial ceiling for a legal marijuana industry will be very “high.”
Medical Marijuana Use Approved for New Conditions
11 new health conditions were added to the list of conditions for medical marijuana use. Those conditions include arthritis, autism, chronic pain, colitis, inflammatory bowel disease, obsessive compulsive disorder, Parkinson’s Disease, rheumatoid arthritis, spinal cord injury, Tourette’s Syndrome, and ulcerative colitis.
At the same time several conditions were denied approval for medical marijuana. Those conditions include anxiety, asthma brain injury, depression, diabetes, gastric ulcer, non-severe or non-chronic pain, organ transplant, panic attacks, schizophrenia, and social anxiety disorder.
Sam Bernstein is an Ann Attorney focusing on criminal and marijuana law.
ArborYpsi Law is located at 4158 Washtenaw Ave., Ann Arbor, MI 48108.