![]() Now you might ask yourself, “well how to does this apply to me, I’m just trying to sell my property, not start a business “. eighteen licenses for growers and processors, two for secure transporters, etc.), and once they have met that limit, they will no longer be accepting municipal cannabis applications. Other cities, like Harrison Township, have put a finite number of license types that they will approve (e.g. Some cities are uncapped, meaning there is no limit to the amount of each license they will approve. Once opted in, each municipality then drafts an MMFLA or MRTMA ordinance dictating what zoning districts licenses are to be operated out of, what documents are needed for an application, and how many of each license the city is going to hand out. ![]() I won’t be getting into whether or not it’s a good idea to hold on to your property, or whether you should try and sell right now, however, I will discuss why I think it might be beneficial to consider applying for the municipal licenses or permits yourself.Īs I’m sure you are aware of, each city in Michigan may opt into/out of allowing Medical or adult use cannabis businesses from being opened within their city limits. ![]() Being able to work with clients on both the buy and sell side, I can tell you from experience that right now there are way more legitimate buyers than there are sellers, which creates an inflated value in the Michigan marketplace. As it stands right now, Michigan’s cannabis real estate market volatile and ever changing, but it appears we are in a seller friendly market.
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