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The Apparent Feeding Frenzy, Observers Say, Is The Result Of A Rare Opportunity To Get In On The Ground Floor Of A New And Lucrative State-licensed Industry.

draft Michigan courts ruled that only marijuana sales between registered caregivers and patients were legal, meaning the dispensaries used by many patients shut down frequently and largely relied on local officials in some communities turning a blind eye in order to operate. That’s changing under the package of bills Snyder signed into law in September, which require state-issued licenses for large-scale growers, processors, testers, secure transporters and retailers of medical marijuana and give communities the authority to allow and zone for medical marijuana dispensaries within their borders. Though welcoming the fact that the laws give new legal http://michiganmedicalmarijuana.biz/ protections to those who use medical marijuana, some advocates say the new rules set the stage for high prices and near monopoly control by politically connected investors. “Theres huge money to be made. There have only been two issues that Ive been lobbied so hard on, and this is one of them,” said Sen. Tonya Schuitmaker, R-Lawton, who opposed the legislation, and recalled a health care issue as the other hot-button topic for lobbyists. The apparent feeding frenzy, observers say, is the result of a rare opportunity to get in on the ground floor of a new and lucrative state-licensed industry. A House Fiscal Agency analysis of the laws says the industry is expected to generate $771 million in annual sales and $21.3 million in state taxes. Today, close to 250,000 Michigan residents hold medical marijuana cards, many of them are served by nearly 41,000 licensed caregivers, who are each permitted to grow no more than 12 marijuana plants for each of up to five patients. With new ballot drives about to launch to legalize marijuana for recreational use in Michigan, proponents expect many of the regulations placed on the medical marijuana industry to carry over into the recreational market, with potential revenues expected to escalate into the billions.

To read more visit http://www.wzzm13.com/news/local/michigan/medical-pot-laws-ignite-lansing-feeding-frenzy/425688661

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