The Michigan cannabis market is on the rise since adult-use legalization took place 3 years ago. Medical cannabis establishments had a 2 year competitive advantage that many people expected to last until November 2021, but the regulation was lifted in November 2020, causing a huge rise in the competitiveness of the market. Previously to November 2020, the regulations required a business owner to have a medical cannabis license to apply for the recreational license. Since this has been lifted, more social equity opportunities have become available.
Medical Use: Yes
Adult Use: Yes
Michigan is currently experiencing a boom in the cannabis industry, although competition is strong.
There is no state cap, although the amount of each license is up to the local municipality. The annual fees are done on a tier basis for each different license type. See more information below.
The Michigan cannabis market is extremely competitive.