State Bureau Of Medical Marijuana Regulation To Prioritize Safe Patient Access, Business Growth

[bobandtorey]

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Stateside's conversation with Andrew Brisbo, director of the Bureau of Medical Marijuana Regulation.

New medical marijuana laws mean that by this time next year, things will be very different for the medical marijuana industry in Michigan. The state will be handing out licenses to growers, testing facilities, transporters and dispensaries.

That means the state will have to regulate and license this business as it expands.

It will also mean new taxes. Some predict that the medical marijuana industry could generate revenues topping $700 million in Michigan.

Andrew Brisbo is the director of the new Bureau of Medical Marijuana Regulation, an arm of the state Department of Licensing and Regulatory Affairs. Stateside’s Cynthia Canty spoke with him about the coming changes in the state’s medical marijuana industry.

 

http://michiganradio.org/post/state-bureau-medical-marijuana-regulation-prioritize-safe-patient-access-business-growth

[bax]

700 million?

 

at 200,000 patients, thats $3500 per patient.

[+Malamute]

Bahahaaha!!!...

 

I love when people from our side start believing their own propaganda. 

 

There isn't that much money is medical marihuana.

[Bird79]

Recreational.

[Wild Bill]

You mean we're not really going to line up at the provisioning centers to pay top dollar for schwag?

 

"The best-laid plans of mice and men often go awry." - Robert Burns

[+Malamute]

Recreational.

 

Totally different story.

 

But... medical?

 

The lobbyists believe their own lies. 

[Highlander]

I'm not sure the lobbyists believe the lies. They donate to (bride) lawmakers and project unreasonable tax revenue like a carrot so lawmakers have an excuse to support MJ reform. Once they have lawmakers in their pocket, they can go back and cry and whine when things don't work out.

 

Isn't this what unfolded in Washington State? Legal weed turned out to be not very profitable because many folks bought from medical dispensaries which weren't taxed like the recreational retailers. So the retailers went to the legislators to seek relief in the form of increasing taxes on medical MJ.

[+Malamute]

Pretty much.

 

In Rhode Island, the dispensaries cried because they couldn't compete with caregivers.

 

Illinois dispensaries/growers have yet to be profitable. Minnesotas have lost 11 million.

 

Heh.

 

I have always told people, there aint a lot of money in medical.  Some, but not nearly what people think.

 

But fully legalized,... that increases your market by 90+%.

 

Patients will be forgotten. Noone will overly care at retail.

 

Michigan will just combine the retail (rec/medical) into one. Possibly allow patients to avoid the sales tax.  Not really a competition between the two outlets.

 

Well, commercial medical who invested tons of money for it may actually oppose rec. legalization because they think they got their gravy train setup.  But the gravy is thin and they don't seem to realize it.

 

Recreational will be AMAZING in border counties. >:-)

[bobandtorey]

 Despite the title of the new act.?

 

I've been hearing that statement a lot around town now that the State has passed its own Law/Act 

 

 

Did the 2008 people's Law go some wear ?

[bobandtorey]

Thanks for clearing that up