Maneuvering the variety of state and individual municipality rules and restrictions can prove impossible even for experienced commercial real estate brokers. Thus, Michigan Cannabis Properties (MCP) serves as an all-purpose service provider, from real estate purchase brokerage to working with its team of consultants to best sell your cannabis business, to connecting you with skilled Michigan cannabis attorneys to acquire licensure and service any cannabis business legal needs. Anyone interested in the Michigan cannabis industry should start their property search with Michigan Cannabis Properties. 

The market for Michigan dispensaries has been incredibly cyclical.

This article will go over many of the factors aside from general location that affect the overall sale price, as well as some data-based tips to best position your dispensary on the cannabis real estate market, whether it is an MMFLA provisioning center, legal MRTMA retailer, or both.

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.

To buy or not to Buy, that is the question

The passage and rollout of the MRTMA has many Michigan MMFLA licensees wondering how they can transition to the recreational marijuana market.

Finding the right cannabis property is often the most difficult part of starting up a licensed cannabis business in Michigan

Properties that are located in approved “marijuana real-estate” or “green zoned” areas have seen their value shoot up seemingly overnight

When evaluating a Michigan marijuana real estate opportunity, one of the first questions we ask is “is it contingent?”

Title insurance is an important part of most real estate transactions. The purpose of title insurance is to insure against any financial losses resulting from defects in a property’s title work. Most sophisticated purchasers of property will not close on a commercial real estate deal without title insurance since they do not want to assume the risk that there are problems with a property’s title work.

The legalization of cannabis has changed the social attitude towards the industry. The industry has been gaining support, and there is increased demand in the market for real estate. Business owners are probing the market for real estate suitable for use in the cannabis market. There are various opportunities in the cannabis market and property that is eligible for use has seen a dramatic increase in price.

The cannabis Industry generated a good amount of revenue in 2017 and 2018. Some estimated that the market was between about $9-$18 billion and they expect that it will double by 2020. The marijuana business is booming and this sector is expected to grow exponentially, while this sounds like an attractive opportunity, many of the most qualified people are locked out of the market, because they cannot afford to stake out their own claim. As most of you know one of the most important factors when starting a new business is finances. Without adequate financing your business could hit the ground before you have had a chance to really implement a business plan.

Finding the right location for your cannabis business can be very tricky especially if you are new to this business. It requires a good amount of research and some knowledge about city layouts. Today we are going to look at how we can find the best location for your prospective marijuana business.

Marijuana was recently legalized in Michigan, and we are still about 12 months from having any recreational marijuana facilities in the state. By legalizing marijuana for recreational use, Michigan joins 10 other states and the District of Columbia as the only recreational states within the U.S.

Marijuana is getting legal status in many states in the USA. As with any legal and regulated business, marijuana business owners need insurance. However, just because you need insurance does not mean you can get insurance. Currently, many traditional insurance companies will not issue insurance policies to marijuana businesses.

Acquiring suitable real estate to house a medical marijuana facility can be a burdensome task for people who want to break into the burgeoning marijuana industry. Funding is another big problem for individuals that want to get into the cannabis industry. The lack of support from financial institutions means that cannabis entrepreneurs have to be self funded or look for investments before they can enter the industry. As with any business it can be very difficult to secure investments in your company or idea.