Last week, the Marijuana Regulatory Agency announced that the sale of recreational marijuana can begin December 1, 2019, which is earlier than most anticipated. In another pleasant surprise, the recreational market will not be required to start from scratch with new grows earmarked specifically for recreational marijuana. Rather, existing medical license holders that are seeking a recreational license are authorized to transfer up to half of their existing medical marijuana inventory to recreational marijuana inventory.
According to Marijuana Regulatory Agency spokesperson David Harns, one of the goals with these decisions is to stifle the illicit market. “We continued to watch how the medical supply was looking and asked ourselves what was the best way to allow access to the adult use market,” said Harns. “By only allowing a transfer of 50%, it will keep production and sales on the medical side moving as well.” While no recreational licenses had been issued at the time of the announcement, the Marijuana Regulatory Agency said it expects about 12 licenses to be issued prior to December 1, 2019.
We will continue to monitor developments in Michigan and elsewhere, and report on them on our blog.
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