Published: Dec 5, 2017, 8:02 am • Updated: Dec 5, 2017, 8:02 am
LANSING, Mich. — Gov. Rick Snyder issued rules Monday policing medical marijuana businesses, less than two weeks before the state begins accepting license applications under a new regulatory system.
The emergency rules will remain in effect for at least six months until permanent ones are finalized. They regulate varied topics including advertising, security requirements and how much capital businesses must have to get into growing, processing, selling, transporting or testing marijuana.
The state had previously given guidance on major issues such as the status of existing dispensary shops that have been operating under a legal cloud, ultimately deciding they can stay open while seeking a state license if they have had the approval of their local community. Applications will be accepted starting Dec. 15.
“We needed to add a little meat to the bone on some of those things but tried to stay consistent with what was there,” Andrew Brisbo, director of the Bureau of Medical Marihuana Regulation, said of the advisory bulletins issued in recent months.
Under the 51 rules, licensees will need to demonstrate capitalization ranging from $150,000 to $500,000, depending on the type of business. At least 25 percent of the capital must be in liquid assets, such as cash, marijuana inventory or investments. No more than 15 ounces of usable marijuana or 72 plants may be used to meet capital requirements.
It will cost $6,000 to apply for a license. Licensees and applicants must notify the Department of Licensing and Regulatory Affairs, the state police and local law enforcement within 24 hours of any theft or less of product.
People who violate the rules can be fined $5,000. Businesses can face a $10,000 fine or