skip to Main Content
Michigan awards first marijuana licenses, paving way for December 1 sales

The state’s Marijuana Regulatory Agency delivered the first five recreational marijuana licenses Tuesday, paving the way for sales of legal weed to anyone 21 or older.

Licenses went to Exclusive Brands in Ann Arbor, which has a grow operation, a processing facility and a medical marijuana dispensary. Another went to PSI Labs, a marijuana testing lab in Ann Arbor and the fifth went to Real Leaf Solutions, an event organizer from Kalkaska.

Exclusive Brands owner Omar Hishmeh said he’ll be ready for the long lines expected on Dec. 1, the first day the state will allow sales of recreational marijuana. .

“It feels great to be the first to get a license,” he said. “Our waiting list is already a few pages … People can expect a long line.”

The state expects to have a dozen or so licenses issued by Dec. 1, but availability of product will be sparse at first. Marijuana growers and processors can transfer 50% of their inventory from the medical to the recreational side of the business beginning on Dec. 1. Medical dispensaries can transfer 50% of their inventory to the recreational side, but only products that have been on their shelves for at least 30 days. [Read more at Detroit Free Press]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

What Must Be Done To Enact Germany’s New Cannabis Law And What Will Its Adult-Use Market Look Like?

With Germany’s Government-in-waiting set to deliver adult-use cannabis, BusinessCann explores the delivery challenges and how the legislation may be shaped. BACK in 2015 the German Green Party published its Cannabis Control Act (CCA). Although it made no progress in the Bundestag at the time, it is now emerging as the blueprint for the creation of…

ESG and Cannabis is No Easy Task Right Now

by Hilary Bricken, Principal Harris Bricken Socially responsible and “sustainable” investing is picking up in popularity across retail and institutional investors alike. According to Wikipedia, “[i]n less than 20 years, the ESG movement has grown from a corporate social responsibility initiative launched by the United Nations into a global phenomenon representing more than US$30 trillion…

Who Needs a License? New York Weed Dispensaries Are Already Opening

Stores that offer recreational marijuana might not be entirely legal yet, but entrepreneurs are ready to start righting the wrongs of the war on drugs list prices, per se, but “Suggested Donations,” starting at $20. The packages offered in return are thank you “gifts.” “We don’t sell anything,” says one register operator at Uncle Budd’s…

Germany’s incoming government unveils plans to legalize cannabis

Three German political parties have sealed a deal for a new government, with left-leaning Olaf Scholz the proposed next chancellor following lengthy coalition negotiations and a historic election that sees Angela Merkel stepping down after 16 years at the helm. The incoming government’s vision for Germany includes plans to legalize cannabis. It also aims to…

More Categories

Back To Top
×Close search