Week in Review: Michigan’s pricey plan, marijuana capital raises jump, PA grower gets thumbs up

By Bart Schaneman, John Schroyer and Omar Sacirbey

Michigan regulators propose steep capital requirements for medical marijuana businesses, cannabis funding deals skyrocket, and Pennsylvania gives the green light to the state’s first MMJ cultivator.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Michigan floats steep capital requirements

Michigan’s proposed capitalization requirements for medical marijuana businesses could erect a barrier to entry into the state’s newly regulated market

The state’s Department of Licensing and Regulatory Affairs has recommended that potential licensees prove they have start-up capital totaling as much as $500,000.

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Week in Review: Michigan’s pricey plan, marijuana capital raises jump, PA grower gets thumbs up is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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