CANNABIS FINANCING IN MICHIGAN
CANNABIS LOANS FOR MICHIGAN
More and more cannabis companies are expanding their operations to meet the growing needs of their customers in every market. Canna Business Resources can be your partner in the state of Michigan and work towards your cannabis business goals. CBR offers plenty of services that include:
With cannabis revenue increasing every year, Michigan has one of the fastest growing cannabis markets in the industry. With large cities like Detroit, Ann Arbor, Lansing, and Grand Rapids, and we can help make sure you have all the right tools to succeed. The Michigan cannabis industry is booming, and you can apply today and see how Canna Business Resources can help with your cannabis financing needs in Michigan.
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Who can Finance a Cannabis Business Loan?
Right now, there aren’t a lot of options for cannabis financing in Michigan. Banks are prohibited from dealer with cannabis related funding, limiting your options. Luckily, Canna Business Resources has the assets available for you to use, with financing terms that can be customized to directly fit your needs. View our services or book an appointment to learn more about your options.
Is Marijuana legal in Michigan?
Yes, marijuana is legal in Michigan if you are over the age of 21. Medical marijuana was legalized in 2008, and recreational marijuana became legal in Michigan in 2018.
Opening a Dispensary in Michigan
Opening a dispensary has many legal and financial obstacles that you will need to overcome, but with the industry experiencing growth and many cannabis businesses opening, now could the perfect time to start. Below are some steps you can follow if you plan on opening your own dispensary in Michigan. Keep in mind, there will most likely be more steps than this, but we feel this will help you get started in the right direction.
- Begin researching and then establish your cannabis business plan.
- Start the dispensary licensing and application process.
- Work on getting financing or a cannabis business loan.
- Begin building your team with trusted workers
- Look for a location/real estate for your cannabis business.
- Open your new dispensary!
For a more in depth look at the steps involved, check out our blog post on how to open a dispensary.