Are you an entrepreneur or investor looking to stake your claim in a new innovative market? If so, the cannabis industry in Michigan may be a worthwhile option. The rapid growth in both the medical and recreational cannabis industry has skyrocketed over the years in Michigan. In fact, the executive director of the Michigan Marijuana Regulatory Agency, Andrew Brisbo, stated recently he believes cannabis sales may have reached up to $1 billion in the year 2020. In addition, Brisbo and his staff have also projected the market could be as high as $3 billion in the upcoming years. With such incredible success, it’s no wonder everyone seems to want a piece of the cannabis industry in Michigan.
However, as with any business, you should be thoroughly acquainted with both state laws and regulations so you can obtain a license and remain compliant throughout the process. The marijuana market in Michigan isn’t only competitive, but it’s extremely regulated. Only compliant marijuana licensees and businesses are allowed to open their doors in Michigan.
Failure to uphold these rules and regulations could end in your license application being denied or revocation of your license entirely if you already have it. For instance, those looking to operate a cannabis business must secure licensure to operate a medical cannabis business before they can transition over to a recreational license. Those who fail to comply with this rule and other regulations will not be able to hold a license under the Michigan Regulation and Taxation of Marijuana Act (MRTMA).
Experienced Michigan Cannabis Lawyer
If you are interested in tapping into the marijuana industry, then we recommend you consult J. Dallo of Dallo Law, P.C.. J. Dallo has gained comprehensive, hands-on, cannabis-related experience and can utilize that knowledge to assist you throughout every step of the process. Whether you’re attempting to obtain a license or you’re trying to stay compliant with the industry’s rules and regulations, J. Dallo can provide the guidance and knowledge necessary to help you succeed.
You can contact Michigan marijuana lawyer J. Dallo at (248) 283-7000 to set up your FREE first consultation. At the appointment you can meet with attorney Dallo and discuss your goals in the marijuana industry as well as how to achieve them. Dallo Law, P.C. has offices set up in Bloomfield Hills but accepts clients throughout the state of Michigan including Pontiac, Royal Oak, Rochester, Novi, Mount Clemens, Roseville, St. Clair Shores, and Utica.