As mergers and acquisitions are rapidly occurring in the Marijuana industry on daily basis, if you have a facility or operation and you are being courted by a larger conglomerate that is interested in either acquiring your business or is commencing talks about a merger and acquisition, there are some key points that you should keep in your outline for consideration and talking points during negotiations. In our experience, the tips outlined below are the most common considerations that clients must analyze in order to make a determination about whether the deal presented is truly worth materializing.
What considerations before designing your facility’s HVAC System will help avoid additional costs and challenges as you aim for scalability in your grow?
One of the biggest questions our clients face in the design and construction of a cultivation facility concerns the HVAC system and which type of system choices will provide the most efficiency, potential for scaling the operation up and be the best financial option to meet the facility’s needs now and later. This is an especially important consideration in Michigan, where we have the joy of four true weather seasons every year, but also the challenges of maintaining as close to a homeostatic environment as possible to ensure that the agriculture being produced is consistent, manageable and does not yield unwanted results as the end of the maturation cycle in all seasons.
Short answer: The MMFLA regulates the medical market, is fully established and has final rules in place. The MRTMA is still a work in progress. The statutory language is finalized, but we have no rules yet and no processes for implementation.
This morning The Bureau of Marijuana Regulation (BMR) and the Michigan Dept. of Agriculture and Rural Development issued a joint statement about industrial hemp and CBD (also known as cannabidiol). We have been anticipating this announcement since December 12, 2018, when the United States Congress passed the $867 billion dollar Farm Bill that was signed by President Trump on December 20, 2018.
With the launch of the retail industry for marijuana currently ongoing, there’s a constant stream of news relating to the industry coming out of Michigan. It’s now been stated that the word ‘marihuana’, which the state has used most commonly in the past to refer to the drug, is now being retired. Instead, it will now be called ‘marijuana’ in most cases.