Commercial Grow Licensing

Tyleb173rd

Tyleb173rd

Well-Known Member
Who is applying for these? Can anyone apply for one? Are they limited? Would $100,000 get me anywhere in the industry at this point or is it too late? Are there jobs out there yet?
 
chemphlegm

chemphlegm

Well-Known Member
Tyleb173rd said:
Are the tax rates available yet? What about the cost of licensing? If those two questions can be answered wouldn’t the grower determine the cost per pound?
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I'm sure the grower, at the bottom of the tank, will be allowed to decide the price of weed in the state. I suspect its going to work back from the retailer. Imagine if the grower decided a lb is going to cost the armored truck driver an amount that retailers cannot market the bud for right?

Much of what you ask is answered at the lara site http://www.michigan.gov/lara/0,4601,7-154-78089---,00.html .

its a raffle type of entry fee for consideration, non refundable of course, financial audits, police inspections, safety compliance, video surveillance wired to police, seed to sale tracking, lab testing, transportation, bond, verified savings, serving no current patients, etc

Betting some that apply will get in legal/financial trouble along the way. Be safe
 
pergamum362

pergamum362

Well-Known Member
I think they are requiring 100-300k in liquid assets to be considered for approval as a grower but i could be wrong. You must also be able to get adequate liablility insurance. I would say unless you are extremely lucky with owning/leasing/buying property that is zoned for it, in city that has or is going to opt in-100k might not be enough. Maybe a small 2,000 sq foot facility with 100k. Propertys and land are sky rocketing for the time being in places that have already opted in and put ordinances in place..and i mean sky rocketing.
As far as wholesale price from the grower..i would assume itll fetch whatever the market will bear. Probably high in the beggining, but as the tiny medical market starts to become saturated, itll decline just like in other states, the little guy will have an extremely hard time. It is far easier for larger operations to scale up with smaller margins than the small guy. For the future..check out co. I think wholesale there, even for medical is hovering at, just above or just under 1k a lb. rec was around 800 lb wholesale last time i looked, but the industry also has not suffered a major virus/pest outbreak yet..and probably wont due to still having alot of large indoor facilitys.
 
pergamum362

pergamum362

Well-Known Member
I believe companys can "stack" licenses as well..like a single company can have several class c licenses enabling them to grow thousands upon thousands of plants.
 
kingzt

kingzt

Well-Known Member
100k won't get you anywhere. Just for the class a which is 500 plants you need 150k in liquid assets. Also it won't even be worth it because there's groups with millions to spend and they will get stacked licensing to completely edge out the smaller guys. Take a look at Washington and see how big money is taking over there. You're better off just saving or getting a job at one of these big facilities when ready.
 
greg nr

greg nr

Well-Known Member
Picks and shovels.... Probably a good way to get into the game would be to start a temp agency and sign up a lot of people who can get the workers card to be in your work pool. Then hire them out at a 100-300% profit. Growers, trimmers, security, whatever.

Find a niche and let the big money come to you... You have enough money to break into the services game. Much lower overhead and far smaller regulatory hurdles.
 
pergamum362

pergamum362

Well-Known Member
Small growers will become irrellevant in this scheme..i.e extinct. Better to keep adding to the pile and hop in when rec comes.
 
Norby Grown

Norby Grown

Well-Known Member
I thought they said they are taking cash.

And teh customer decides the price. If there are no customers willing to pay the price and there is still a black mkt or CG to go to I don't see this program working, exactly like hte program in NYS. It may prove to be more costly here as the health dept? sets the price and it's the most expensive in the country and the disp and grows are all still failing and they are mandating more to open.

I see cg and the black mkt being phased out for this to have any chance to work and force the higher price. Or possibly legalization to open the mkt and not depend on sick people to float this expensive scheme.

chemphlegm said:
I'm sure the grower, at the bottom of the tank, will be allowed to decide the price of weed in the state. I suspect its going to work back from the retailer. Imagine if the grower decided a lb is going to cost the armored truck driver an amount that retailers cannot market the bud for right?

Much of what you ask is answered at the lara site http://www.michigan.gov/lara/0,4601,7-154-78089---,00.html .

its a raffle type of entry fee for consideration, non refundable of course, financial audits, police inspections, safety compliance, video surveillance wired to police, seed to sale tracking, lab testing, transportation, bond, verified savings, serving no current patients, etc

Betting some that apply will get in legal/financial trouble along the way. Be safe
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chemphlegm said:
......150k..... earned from legitimate sources with a clear paper trail of taxation.
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Norby Grown

Norby Grown

Well-Known Member
Unfortunately it's on the MMMA forum. Michigan news. Resto wrote a compassionate post about it for all the patients who are loosing out. He's eating popcorn and enjoying the suffering I guess.
 
Fozze

Fozze

Well-Known Member
Ding, ding, ding!!! Chemphlegm with the win. 150k *liquid* clear and clean, plus building, lights, gas, water, wages, tracking, insurance, security, tracking, pots, soil, nutrients. Brought to you by the pro-business party of Michigan.

Basically, if you won't benefit from the repeal of the estate tax, then you don't have much to do with this. This is for the big kids, folks. Small business owners need not apply. People trying to make it need not apply.
 
chemphlegm

chemphlegm

Well-Known Member
LARA Announces Medical Marihuana Educational Sessions; BMMR to show potential licensees the application process, monitoring system
Media Contact: LARA Communications 517-373-9280
Email:[email protected]

October 9, 2017– The Dept. of Licensing and Regulatory Affairs (LARA) and the Bureau of Medical Marihuana Regulation (BMMR) announced today the dates, times and locations of a series of educational sessions designed to familiarize potential licensees with the application process and the statewide monitoring system.

Employees of LARA and BMMR will be on hand during the in-person sessions to show attendees the license application process for each of the five license categories:

  • Grower
  • Processor
  • Secure Transporter
  • Provisioning Center
  • Safety Compliance Facility
While applications will not be completed during these events, attendees will be able to familiarize themselves with the process – and what will be required – when the applications become available on Dec. 15, 2017.

Representatives from Franwell – the company chosen to implement Michigan’s statewide monitoring system for integrated marihuana tracking, inventory, and verification under the Marihuana Tracking Act – will be present at each of the five medical marihuana educational sessions to demonstrate Franwell’s Metrc, the seed-to-sale tracking system, to potential licensees.

Metrc is a cloud-hosted, real-time, online software reporting system that will be used by licensed Michigan medical marihuana businesses to manage and report supply chain activities as required by state rules. Metrc uses serialized tags attached to every plant – and labels attached to wholesale packages – to track medical marijuana inventory through different stages of growth, as well the drying and curing processes.

The educational sessions will take place in five locations throughout the state:

Wednesday, Nov. 8, 2017
Oakland Community College, 27055 Orchard Lake Road, Farmington Hills, MI

Thursday, Nov. 9, 2017
Saginaw Valley State University, 7400 Bay Road, University Center, MI

Monday, Nov. 13, 2017
Great Wolf Lodge, 3575 North US Highway 31 South, Traverse City, MI

Tuesday, Nov. 14, 2017
Wing’s Conference Center, 3600 Vanrick Drive, Kalamazoo, MI

Wednesday, Nov. 15, 2017
Kellogg Conference Center, 219 South Harrison Road, East Lansing, MI

TheNov. 9andNov. 15 events will also be live-streamed on the BMMR website at www.michigan.gov/medicalmarihuana

All events begin at 9:00 AM and end at 12:00 PM. There is no cost to attend the medical marihuana educational sessions but – due to space constraints – potential licensees and their representatives must all register athttps://www.metrc.com/michiganby 5:00 PM on Nov. 1, 2017 to guarantee themselves entrance to the event. Click “Sign up for Educational Sessions” and then choose the appropriate date.

The LARA educational sessions are not board meetings and there will not be time set aside for public comment. The educational sessions will be informative presentations of processes for Metrc (the statewide monitoring system) and Accela (the application process) that will be utilized by future licensees and/or potential applicants and will not interfere with the authority of the Medical Marihuana Licensing Board or the Advisory Panel as provided under the Medical Marihuana Facilities Licensing Act.

Attendance at the educational sessions will not affect a potential licensee’s application. All interested members of the public will be able to participate in future training opportunities whether they attend the educational sessions or not. Any information or feedback provided at the educational sessions is merely advisory.

Members of the media are asked to RSVP to David Harns by calling 517-373-6963 or [email protected].
 
pergamum362

pergamum362

Well-Known Member
^^^you forgot secure transport. Gotta have the armor to move all that product. On a side note-i keep hearing the growers will not be selling it by wieght, but by plant? If that is so..which i can not see actually being the case...who the hell decided upon that?
 
chemphlegm

chemphlegm

Well-Known Member
Employees of LARA and BMMR will be on hand during the in-person sessions to show attendees the license application process for each of the five license categories:

  • Grower
  • Processor
  • Secure Transporter
  • Provisioning Center
  • Safety Compliance Facility
 
kingzt

kingzt

Well-Known Member
Norby Grown said:
I thought they said they are taking cash.

And teh customer decides the price. If there are no customers willing to pay the price and there is still a black mkt or CG to go to I don't see this program working, exactly like hte program in NYS. It may prove to be more costly here as the health dept? sets the price and it's the most expensive in the country and the disp and grows are all still failing and they are mandating more to open.

I see cg and the black mkt being phased out for this to have any chance to work and force the higher price. Or possibly legalization to open the mkt and not depend on sick people to float this expensive scheme.
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I feel the state worked so hard to get these bills passed and to get rolling is mainly for legalization. The state blew off MILegalize last year by not allowing them to validate their signatures. I was under the impression that you can have 30 days after the initial 180 days to do so, only if they actually got enough signatures. I believe this is all for getting ready or legalization. The same group, MPP, who helped write these new laws are also teaming with MIlegalize now to write the legalization bills. Coincidence, I think not. Woudn't setting up some tax platform for caregivers to continue to grow and have a free market to dispensaries be easier and cheaper for the state?
 
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