Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 100 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. MICHIGAN Medical continued BUSINESS TAXES & FEES Application Fees $6,000 for all license categories License Fees Local municipalities may establish an annual, nonrefundable fee of up to $5,000 to defray administrative costs. Grower: Up to $10,000 (A); $10,000-$66,000 (B-C, depending on total number of licenses subject to assessment) Processor: $10,000-$66,000 (depending on total number of licenses subject to assessment) Dispensary (provisioning center): $10,000-$66,000 (depending on total number of licenses subject to assessment) Secure Transporter: $10,000-$66,000 (depending on total number of licenses subject to assessment) Capitalization requirements Grower: $150,000 (A), $300,000 (B), $500,000 (C) Processor: $300,000 Provisioning center: $300,000 Secure transporter: $200,000 Safety compliance facility: $200,000 State tax requirements 6% sales and use tax; additional 3% excise tax on gross reciepts was repealed March 2019 State tax collections in 2018 Not available