Months after recreational cannabis sales started in Michigan, sales are booming with the Marijuana Business Factbook estimating the state’s 2020 adult-use sales will total between $400 million – $475 million, growing to $1.9 billion – $2.4 billion by 2024. Michigan offers a variety of license types for the adult-use market depending on the size of the business and until very recently, the state hadn’t yet awarded a cannabis microbusiness license.
This is a type of license that allows a single business to grow its own supply of up to 150 plants, process, package, and sell the final product to customers. This week, Michigan’s first cannabis microbusiness license was awarded Sticky Bush Farm, a company based in Presque Isle County’s Onway. The license is usually meant for small businesses that aren’t allowed to interact with the rest of the licensed cannabis market. This means they can’t acquire…
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