CannDev in Michigan
We are currently identifying and securing compliant retail locations in cities soon to open up for cannabis retail in Michigan. We are most focused on the cities that have the most revenue potential in markets that are currently underserved.
If you’re interested in expanding in Michigan you can sign up for our Off Market retail deals here.
Take a look at CannDev’s opt in map showing which cities allow for retail stores in Michigan
There are about 400 municipalities in Michigan that allow for recreational or medical retail sales. With 1,400 municipalities in total there are many areas that will be opening for retail in the future. Take a look at our opt in map on this page to review which cities are currently allowing for cannabis retail.
Cities are opening up are varying times. The local municipality will dictate if they will allow for sales of cannabis in retail stores. If you require real estate in Michigan please sign up for our Off Market Deals here.
Each city will decide how many licenses they will allow for. Sometimes there is no caps on licenses and having the best real estate location means you will have more access to customers. Other times it’s a competitive merit based process and with limited licenses means higher revenue potential for each store.
Each city will have an application process they will release that will outline the exact process. After receiving local approval from a city a future store will have to apply for a state license in order to be able to open doors.
Every city has different application fees and schedules. It’s important to study the process carefully in order to understand all the costs involved. One of the key costs is “time” since there’s no way to know how long a city will take to award a license. In California it can take more than a year to get a license. Which is why it is vital to have low real estate holding costs during an application period. Which is why working with CannDev can be beneficial since all our deals have low holding costs during the application process.
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