CannaBusiness

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The cannabis business is booming, with more than 100 businesses operating in the Detroit region from sole proprietorships to large enterprises. Is your company curious about how to collaborate and engage with this rapidly growing industry?

Michigan residents have seen economic benefits from the existing medical cannabis market, with more than $500 million in legal medicinal sales and over 10,000 jobs. Studies have projected that the combined medical and recreational sales in Michigan could reach between $1.6 to $2.2 billion.

What Has Changed

Last year, Michigan voters moved to legalize the adult use of cannabis by a comfortable 56-44 percent margin.

The recreational proposal would:

  • Allow individuals age 21 and older to purchase, possess and use marijuana and marijuana-infused edibles and grow up to 12 marijuana plants for personal consumption.
  • Impose a 10-ounce limit for marijuana kept at residences and require that amounts over 2.5 ounces be secured in locked containers.
  • Create a state licensing system for marijuana businesses, including growers, processors, transporters and retailers.
  • Allow municipalities to ban or restrict marijuana businesses.
  • Permit commercial sales of marijuana and marijuana-infused edibles through state-licensed retailers, subject to a new 10-percent tax earmarked for schools, road and municipalities where marijuana businesses are located.

Employer Impact

The Chamber aims to provide resources for the coming changes to Michigan businesses including the economic outlook, diversification opportunities, and how businesses can integrate into the industry.

The Chamber’s “The Business of Cannabis: Impact and Opportunities” event showcased the potential of Michigan’s already booming cannabis industry. Speakers shed light on the future of drug testing in the workplace, economic opportunities in the industry, and workforce development through criminal record expungement. View the full video playlist from this event. 


Watch: Cannabis Advantages for Wellness and Business: Anqunette Sarfoh, Board Member, Michigan Cannabis Industry Association


Why Join the Chamber?

The Chamber aims to assist and engage members in this growing industry by providing the following opportunities:

  • Share what is new with your business by submitting announcements, awards and product launches to Member News.
  • Invite the business community to your company events via the Chamber’s online calendar.
  • Network with industry specific professionals.
  • Connect with leading professionals in marketing, accounting, law and other supporting industries.
  • Listing in the Chamber’s online Member Directory.


Learn more about becoming a member of the Detroit Regional Chamber.


Relevant Articles:


External Resources:


If you are interested in future CannaBusiness events and networking opportunities please submit the form below.

Contact
    • Lauren
    • Hutchison
    • Manager, Membership
    • lhutchison@detroitchamber
      .com
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Contact
    • Lauren
    • Hutchison
    • Manager, Membership
    • lhutchison@detroitchamber
      .com
How Can We Help?

Your Name (required)

Your Email (required)

Subject

Your Message

 YES I would like to receive emails from the Detroit Regional Chamber.

By submitting this form, you acknowledge that you have read the Chamber's Privacy Policy, agree to its terms and consent to allow the Chamber to use your information consistent with our Privacy Policy.

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