{"id":20389,"date":"2017-10-19T12:49:38","date_gmt":"2017-10-19T20:49:38","guid":{"rendered":"http:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/10\/19\/michigan-medical-marijuana-firms-could-need-500k-to-open\/"},"modified":"2017-10-20T12:53:30","modified_gmt":"2017-10-20T20:53:30","slug":"michigan-medical-marijuana-firms-could-need-500k-to-open","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/10\/19\/michigan-medical-marijuana-firms-could-need-500k-to-open\/","title":{"rendered":"Michigan medical marijuana firms could need $500K to open"},"content":{"rendered":"<\/p>\n<p>Michigan\u2019s proposed medical marijuana regulations could very well force some existing companies out of business if they lack the financial cushion needed to secure a new license.<\/p>\n<p>The proposed rules would require companies to have\u00a0<a href=\"http:\/\/www.mlive.com\/news\/index.ssf\/2017\/10\/medical_marijuana_businesses_c.html\" target=\"_blank\" rel=\"noopener\">up to $500,000 to get a business permit<\/a>.<\/p>\n<p>According to MLive.com, the state\u2019s\u00a0Department of Licensing and Regulatory Affairs recommended marijuana businesses have the following amounts of start-up capital to receive a license:<\/p>\n<ul>\n<li>Grower class A (500 plants) \u2013\u00a0$150,000<\/li>\n<li>Grower class B (1,000 plants) \u2013\u00a0$300,000<\/li>\n<li>Grower class\u00a0C (1,500 plants) \u2013\u00a0$500,000<\/li>\n<li>Processor \u2013\u00a0$300,000<\/li>\n<li>Provisioning center \u2013 $300,000<\/li>\n<li>Secure transporter \u2013\u00a0$200,000<\/li>\n<li>Safety compliance facility \u2013\u00a0$200,000<\/li>\n<\/ul>\n<p> &#8230;<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/mjbizdaily.com\/michigan-medical-marijuana-firms-need-500k-open\/\">Michigan medical marijuana firms could need $500K to open<\/a> is a post from: <a href=\"http:\/\/mjbizdaily.com\">Marijuana Business Daily: Financial, Legal &amp; Cannabusiness news for cannabis entrepreneurs<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nRead More: <a href=\"https:\/\/mjbizdaily.com\/michigan-medical-marijuana-firms-need-500k-open\/\" target=\"_blank\">Michigan medical marijuana firms could need 0K to open<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michigan\u2019s proposed medical marijuana regulations could very well force some existing companies out of business if they lack the financial cushion needed to secure a new license. The proposed rules would require companies to have\u00a0up to $500,000 to get a business permit. According to MLive.com, the state\u2019s\u00a0Department of Licensing and<span class=\"more-link\"><a href=\"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/10\/19\/michigan-medical-marijuana-firms-could-need-500k-to-open\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,10,1234,1699],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/20389"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=20389"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/20389\/revisions"}],"predecessor-version":[{"id":20390,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/20389\/revisions\/20390"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=20389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=20389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=20389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}