Early next year, Michigan is set to eliminate a barrier to entry in the state’s recreational marijuana industry. Michigan barriers have often stifled growth and unintentionally complicated the fight against unlicensed, black-market marijuana. The state Marijuana Regulatory Agency announced on Tuesday, Oct. 6, on March 1, 2021, certain newly licensed recreational marijuana businesses will no longer be required to first hold a medical marijuana business license. The business includes retailers, processors, transporters, safety labs, class B, and C growers. This means lower application and license fees for businesses that do not wish to grow, sell, test, process, or transport medical marijuana. The new regulatory system helps opens up market access to new businesses; like those that have not opted into the medical marijuana market but that would like to participate in the recreational market.
Cannabis Business Executive – Cannabis and Marijuana industry news, 10/06/2020 16:49:35