Considering getting a Michigan Class A Grower License? You’ll find everything you need to get started in this post.
Keep reading to learn more about Michigan Class A Grower License requirements, the application process, costs involved, and more.
Need help obtaining a Class A Grower License in Michigan? Contact us now to speak with one of our experts and take the first step to get your license today.
Michigan Class A Grower License Requirements
The Class A Grower License in Michigan comes with a unique set of requirements. This includes a $150,000 minimal capital requirement.
For those considering applying for a Class A MMFLA Grower License in The Great Lake State, this means you’ll need at least $150,000 in accessible capital, along with proof of the funds.
Thus, applicants must disclose their sources in addition to the total amount of capital they plan to use for operations and facility maintenance.
Applicants also must prove the following:
- A minimum of 25 percent of the capital in liquid assets that they plan to use to cover their operational and maintenance expenses for their proposed cannabis facility as explained in the application.
- Cannabis inventory that’s in the applicant’s possession, and the applicant must be a registered qualifying patient or registered primary caregiver – or an applicant who is applying for a state operating license and is in possession of cannabis inventory that adheres to the Michigan medical marihuana act’s compliance demands.
- At most, 15 ounces of usable cannabis or 72 cannabis plants can be used as cannabis inventory in this subdivision or used to achieve the capitalization requirement this subrule puts in place.
- There isn’t a lien or encumbrance on any of the assets offered as sources of capital.
The capital totals and sources have to be validated through CPA-attested financial statements, which is something Northstar can assist you with obtaining. Applicants also must disclose any foreign capital sources and a foreign CPA must validate with a domestic CPA to confirm the foreign validation.
Michigan Class A Grower License Application Instructions
The Class A Marijuana Grower application instructions put in place by the Cannabis Regulatory Agency outline the adult-use marijuana establishment licensing application process. This process is somewhat straightforward; however, we recommend looking through this PDF before attempting to apply on your own.
Michigan Class A Grower License Cost
For those considering applying for a Class A license for growers in Michigan, it’s important to know that you’ll need at least $150,000 in accessible capital. In addition to this, 25% ($37,500) of this must be in the form of liquid assets, which can quickly be converted into CDs, cash, bonds, or stocks. This is just the minimum requirement though – the more capital you have available, the better your chances of being approved for a license.
Michigan Class A Cultivation License FAQ
How do I become a Class A grower in Michigan?
To apply for a Class A Grower License in Michigan, you will need to prove that you have access to at least $150,000 in capital. This has to include a minimum of 25% ($37,500) in liquid assets such as cash or investments that you can convert into cash fast.
How much does it cost for a commercial grow license in Michigan?
Before the application can be accepted, there is a $6,000 fee to be paid to the state of Michigan for each type of license you wish to obtain. Thus, if you’re planning to apply for a commercial grow license, you should expect this as the minimum payment to get the ball rolling.
What can a Class A grower do in Michigan?
As a Class A grower, Michigan will let you cultivate up to 100 marijuana plants. You are not required to be licensed under the Michigan Medical Marihuana Facilities Licensing Act but you aren’t allowed to stack licenses. This simply means that you can only hold one license of this type per entity.
How many cultivation licenses are there in Michigan?
Michigan has two types of cultivation licenses; medical marijuana and recreational marijuana licenses. Each type of license has 3 separate grower classes; A, B, and C. The main difference between these classes is the number of permissible plants.
How much does it cost to start a grow operation in Michigan?
The cost to start a grow operation in Michigan depends on the type of license you obtain. Initially, you’ll have a $3,000 application fee to prequalify. Then, you’ll have to pay $1,200 for a Class A, $6,000 for a Class B, $24,000 for a Class C, and $24,000 for an Excess Marijuana Grower License.
