Michigan regulators are opening up Michigan Market to Marijuana mega growersHot Buzz

September 29, 2017 09:46
Michigan regulators are opening up Michigan Market to Marijuana mega growers

According to an advisory released on Thursday said that state is opening up the medical Marijuana business to big-time grow operations.

Last year legislature passed medical marijuana bill. In that bill, they created three classes of licenses for Marijuana growers Class A- up to 500 plants, Class B- up to 1000 Plants, Class C- up to 1500 Plants.

The rules advisory released this week says that a person or business can apply for as many of the Class C licenses as they want. Some of the potential growers believe that this ruling will squeeze out the small operators from medical marijuana industry.

It’s more expensive for the large-scale growers to get into business as the application fee will cost around $4000 and $8000. Above all the applicants have to prove that they have the capital for the operation, insurance and security.

This newly regulated business is expected to generate $7-11 million sales in a year and $21 million a year tax revenues.

By A.s

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Tagged Under :
Michigan  Medical Marijuana