Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!

Michigan’s medical cannabis businesses must prepare to close by December 15th

Michigan’s medical cannabis businesses must prepare to close by December 15thMichigan’s cannabis regulators announced that unregulated medical dispensaries should prepare to close by December 15th . That is the day the regulators will begin accepting application for licenses. Dispensaries do not know if they will be granted a license or not, or how long it will take.

Regulators will issue additional rules in November to finalize procedures and fees. Industry observers are not sure if the required closure on December 15 th will be upheld at that time, or possibly extended. The dispensary fee will likely be in the $4-8k range. Some dispensaries, which may have operated for years, might continue operating during the months it could take to gain (or not) their licenses. Regulators stated that doing so could be an impediment to gaining a license.

The Department of Licensing and Regulatory Affairs (LARA) is currently determining the 2018 fees for each of the five license categories authorized by the Medical Marihuana Facility Licensing Act of 2016 (MMFLA). Grower licenses are capped at $10k, but will be determined by the number of applicants. Processor Transporter and Provisioning Center Licenses could range from $10k to $57k, also depending on the number of applicants.

Source: LARA press release

Michigan’s medical cannabis businesses must prepare to close by December 15th

About Cannin: Your Cannabis Stocks Resource

Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. We aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2020. 

Use Cannin as your resource for:

Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.

Are you looking to buy stock in hemp companies or marijuana companies for 2020? Interested in new penny hemp stock companies? Looking for the best Canadian cannabis stocks to invest in? Looking to leverage the power of algorithmic stock trading to beat the cannabis market? We can help.

Are you interested in cannabis stocks like Curaleaf, Trulieve, Aurora Cannabis, Charlotte’s Web, Canopy Growth, or Hemp Inc.?

Predict price movements of cannabis stocks several hours in advance with our proprietary algorithmic stock trading software.

  • +25% Gains in 2020
  • +49.8% Gains in 2019
  • Backtested since 2012

We’re so confident you’ll love our algotrading cannabis stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.

Profit from the best cannabis stocks – we’ll show you how at

Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Investing in Hemp Stocks