Marijuana Business Magazine April 2020

Massachusetts State regulators are seeking additional money in order to cut in half the time required to obtain a cannabis business license. The Cannabis Control Commission’s goal in the next budget year is to cut the average time for an initial license review from 121 days to 60 days. To achieve that goal, the CCC needs an additional $2.8 million to hire up to 34 new full-time employees. In separate news, Boston Mayor Martin Walsh appointed five members to the panel that will issue marijuana business licenses and advise his office on cannabis regulations and policies. The Cannabis Board was created in November, when the City Council approved a measure to improve Boston’s maligned licensing process. Michigan State regulators agreed to phase out medical marijuana caregivers, a move that could generate more business for the state’s licensed cannabis growers and processors. Authorized caregivers who grow cannabis have been the biggest supplier of marijuana products to retailers. Starting Oct. 1, medical cannabis caregivers will be prohibited from selling product to licensed businesses, the Marijuana Regulatory Agency said in a bulletin. The state, where recreational marijuana sales began Dec. 1, has issued licenses for almost 200 cannabis growers and 25 processors, according to the MRA. MEGA EQUIPMENT & SUPPLY ™ NOW OFFERING FINANCING FOR YOUR GROWING BUSINESS Finally, an affordable financing option made specifically for cannabis cultivators, processors, and dispensaries. With low rates, a quick application, and flexible payment plans — get a loan that’s perfect for budding businesses.