As of January 2nd, 2018, the Michigan State Legislature has passed a law where they have legalized the use of medical marijuana. This is not just any medical marijuana. This is CBD and THC marijuana that can be used for medical purposes. Detroit dispensary licenses are still in the process, but applying for one is possible. This allows people who need relief from their ailments to benefit from this new legislation. A Detroit dispensary license will allow you to open your own business selling cannabis products or have them as an employee in your business, where an employer has chosen that field as part of their healthcare coverage plan. There are a couple of different licenses that allow you to sell marijuana. You can have a retail license, delivery license, processing license, and security guard license.
Getting A Detroit Dispensary License
The state will issue a Detroit dispensary license to anyone who wants to apply for one, but it will be a long process. There will be plenty of applicants, which means there isn’t enough room for everyone, so getting one will be difficult. To begin the application process for any of the licenses, you are required to submit an initial application fee of 6,000 dollars and then 3,000 dollars for each additional license you apply for simultaneously. There are some limits and requirements that you must meet.
The general requirements that you must meet to be qualified for a Detroit cannabis license are:
Cost: The application for a Detroit dispensary license must have an initial fee of 6,000 dollars. The application for a Detroit dispensary license must have an initial fee of 6,000 dollars.
Age: You will need to meet the age requirement of 21 or older if you are applying for a retail medical marijuana license, or you will need to be 18-20 years old if you are applying for a delivery medical marijuana license.
Security Clearance: You will also need to apply with a state-issued ID card such as a driver’s license, passport card, or another form of state-issued ID card that the state officials in charge have granted at the time.
Business Plan: You will have to have a business plan that is approved by the state that this business plan is in your possession.
A Plan For Storage: You will need a place to store cannabis products. It must be safe, clean, and free of pests and mold.
Applying For A Detroit Dispensary License.
If you meet all these requirements, you can apply for a Detroit dispensary license with Michigan state officials. Things will get tricky because there aren’t enough licenses available for everyone. The licensing process will still be lengthy and require you to keep up with your paperwork, but at least you’ll be one step closer to your goal.
You must submit two documents to apply for a Detroit dispensary license. One will be to apply for your Detroit medical marijuana license, and if you are applying for any additional licenses, you must submit two of each application. The documents that you must submit include the following:
• Proof of Identity: You must provide two proofs of identity, such as a driver’s license, passport, or state-issued identification card.
• Proof Of Residence: You must prove that you live where this business will be. This can be done by submitting utility bills, lease agreement information, or rental agreements at the time of application submission.
• Proof Of Business: You must provide proof that the address you have listed under your personal information is the same address where your business will be located. This can be in the form of a notarized lease agreement, business registration, or a certificate of incorporation filed and approved by the state.
• Proof Of Current Employment: If you are applying for a Detroit dispensary license, you must also prove that your living income will allow you to work at this new job on top of your current full-time employment. A notary public can verify proof of current employment in the form of an income statement or paystub.
• Proof Of Financial Responsibility: You will need to provide proof of your current financial situation, such as tax returns, bank statements, and other documents that show your sources of living income.
You will also be required to submit fingerprints for a background check conducted by the state when you apply for a Detroit dispensary license. The state will go through them and ensure you are not on any list of people with criminal records or other situations that would prevent you from being allowed to open up this business.
What Determines The Amount Of Your Detroit Dispensary License?
The amount of the Detroit dispensary license is going to depend on the type of medical marijuana license that you are applying for. The 6,000 dollars you must submit for your initial application for the initial license will be used for your initial license fee. The state does provide a sliding scale of taxation, which means that the more licenses you apply for at the same time, the less money you will have to pay.
You can get up to 500 dollars off of your initial application fee for each additional license you apply for simultaneously. You can reduce this price further if you qualify for a medical marijuana tax credit from 1,000 to 300 dollars per Detroit dispensary license. The amount of tax credit you can claim depends upon your personal income and the total amount you have paid in the previous year of business.
Medical marijuana will be a huge part of the economy in Michigan and the rest of the world. If you want to get involved with this industry, you will want to apply today for a Detroit dispensary license. Once you get your Detroit dispensary license, you can apply for cannabis cultivation licenses and other types of medical marijuana business licenses that may be available in your area.
The medical marijuana business is only as limited as your imagination regarding what you can do with it. You don’t have to limit yourself by selling cannabis products at your store. Instead, you could sell clothing, accessories, or food from local restaurants that cater to people who like to use medical marijuana.