Michigan May Allow Standalone Recreational Marijuana Licenses

Editor's note: This story has been updated to reflect a statement from the Michigan Department of Licensing and Regulatory Affairs that it has not yet formally approved standalone recreational marijuana licenses.

Starting November 1, businesses and individuals aspiring a recreational marijuana license in Michigan may no longer need to be a medical marijuana license holder.

Upon contacting the agency, David Harns, Interim Director of Communications for Michigan's Department of Licensing and Regulatory Affairs, said that the agency is leaning towards allowing standalone recreational marijuana licenses, but the decision has not yet been formalized.

Michigan’s Marijuana Regulatory Agency will continue talks with key stakeholders and provide an official update when the measure has been officially confirmed.

Removing the Medical License Condition One Year in Advance

In order to give a competitive advantage to operators who had invested millions in developing the state’s medical marijuana industry, the Michigan Regulation and Taxation of Marihuana Act of 2018 included a clause that prevented anyone but medical marijuana license holders from entering the recreational market.

The Marihuana Act gave medical marijuana operators a two-year head start and required license aspirants to obtain a medical license before being allowed to apply for a recreational license, until November 2021. However, the legislation gave the agency the chance to remove this clause after one year if they saw fit.

Andrew Brisbo, the agency’s executive director, said that lowering barriers of entry to the adult-use market could help address social equity issues and boost the creation of equity programs for those affected by unjust marijuana law enforcement.

Lead image by Ilona Szentivanyi. Copyright: Benzinga.

Posted In: Andrew BrisboMarijuana Regulatory AgencyMichigan Regulation and Taxation of Marihuana ActCannabisGovernmentHealth CareMarketsGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.