West Michigan businesses are building strategies to accommodate and support the grand opening of the state’s new billion-dollar cannabis industry, although many still crowd behind a self-imposed shroud of secrecy.
Pioneers of the cannabis supply chain may face a murky regulatory environment in the first few years of recreational legalization, particularly as the state’s newly formed Marijuana Regulatory Agency(MRA) processes and approves business license applications. The MRA must license all growing and processing facilities, operations that test for safety and potency, transporters and retail provisioning centers.
However, companies outside of the licensing system — involved in everything from equipment and packaging to construction and legal and financial services — expect to profit as the industry develops.
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