Michigan awarded its first medical marijuana licenses Thursday, launching what is expected to become a $700-million industry in the state.
But the business owners won’t be able to operate for at least another month.
Licenses were granted for four large grow operations in Chesaning, a dispensary and processor in Ann Arbor and a secure transport company out of Lansing.
But no testing facility licenses were granted, so the actual marijuana and the products produced from the weed can’t yet be tested or sold.
It was the latest delay in what has become a series of impediments to the state’s medical marijuana business. The Legislature passed laws in December 2016 to tax and regulate the market, but getting the rules in place and licenses awarded has been a tedious and slow process.
“We’re excited that we’ve actually approved the first license, so we can move forward,” said Andrew Brisbo, director of the state’s Bureau of Medical Marijuana Regulation. [Read more at Detroit Free Press]