Monday, April 15, 2024

What Is A Marijuana Micro License

The cannabis industry is innovative – and now there is a new thing which has popped up – the micro license!

The cannabis industry has to be innovative. With regulations, zoning, and banking restrictions all against a background of building public support…you have to be clever.  The latest idea to emerge is the micro license. What is a marijuana micro license and what does it do?  A key factor in this development is providing to entry to a growing industry with a low investment threshold.  This an advantage toward making it more socially equitable.

RELATED: The Most Popular Marijuana Flavors

Michigan started the micro license trend to help with engage more people with a way to start a business without having have major funds. It allows business owners to grow marijuana, process marijuana, and sell cannabis-infused products to adults 21 years or older without depending on other suppliers. However, a Michigan marijuana microbusiness is not permitted to sell or transfer marijuana or marijuana-infused products to other licensed recreational marijuana establishments. Also, they cannot sell their seeds to other marijuana growers. The essence is to enable a standalone marijuana business model independent of other marijuana establishments.  So, think of a good food truck model of go to where your customers are, develop your own products (not buying from Costco or Trader Joes and reheating) and selling directly to a small crowd.

buying marijuana dispensary
Photo by CasarsaGuru/Getty Images

Currently cananbis microbusiness licenses are offered in Oregon, California, Massachusetts, Michigan, New Jersey, and New Mexico. Missouri has just launched the program and have had a few hiccups. Their cannabis regulators may revoke 11 of the 48 social-equity cannabis licenses issued in October after finding they didn’t meet eligibility requirements. It seems they had misrepresented who backed them and longer term plans for the company.

RELATED: Science Says Medical Marijuana Improves Quality Of Life

Arizona is now looking at folding it in to the mix of businesses. Marijuana sales hit $1 billion in 2023, meaning it a fresh cash cow for businesses and for state coffers.  Success seems to be allowing business to grow and prosper.


The 4 Things To Avoid In Your Coffee

For the majority of people, they can't imagine mornings without it.  But here are the 4 things to avoid in your coffee. 


What Is Ice Water Extraction And Some DIY Tips

Extraction using ice water is easy, simple, and can be done comfortably at home.

Don't Miss Your Weekly Dose of The Fresh Toast.

Stay informed with exclusive news briefs delivered directly to your inbox every Friday.

We respect your privacy. Unsubscribe anytime.