Officials are expecting a rush Dec. 15 when Michigan begins offering applications to people who want to start a medical marijuana business and be part of what is expected to be a $700-million-a-year industry in the state.
“We may have 50. We may have 1,500. We may have 5,000,” Shelly Edgerton, director of the Michigan Department of Licensing and Regulatory Affairs, told an audience of nearly 200 people who showed up at an Ann Arbor hotel on a rainy Sunday afternoon to learn about getting into the lucrative medical marijuana business.
“But we’ve had close to 1,000 people who have signed up for our training. So we envision a large number of applicants on the first day.”
The license applications for five categories of medical cannabis licenses — growers, processors, testers, transporters and dispensaries — will become available on Dec. 15 and the Michigan Medical Licensing Board is expected to begin awarding licenses in the first quarter of next year.
People attending the session wanted to know everything from how much it will cost them to get approval from local and state authorities for the license, to how the state will accept tax payments from an industry that has so far been shunned from traditional banks because marijuana still is considered an illegal drug by the federal government. [Read more at Detroit Free Press]
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