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NILESÂ â Thereâs no doubt that Michiganâs burgeoning marijuana industry has drawn a considerable number of deep-pocket investors to the state.
Even a few million dollars might not be enough to open a dispensary, and itâs considerably more than that to develop facilities where marijuana is grown and processed. Costs can quickly add up because of the permitting process, required security and prices for sophisticated grow and processing equipment.
Though those costs havenât stopped would-be entrepreneurs from opening facilities throughout the state, consumers looking for a more boutique marijuana experience have had a harder time finding outlets, as micro-businesses have been slower to take off.