With medical and recreational cannabis legalized in Michigan, the state has become an epicenter of marijuana-based commerce. Economic opportunities have become abundant in this largely untapped business space, and several companies continue to eye the Great Lakes State as a viable location for their ventures.

The following is a re-post of an article published by Crain’s Detroit Business

With the clock ticking for Michigan’s Department of Licensing and Regulatory Affairs to develop regulations for recreational marijuana businesses, investors are moving forward with state and local permit applications and real estate acquisition.

State voters, who OK’d medical marijuana use in 2008, legalized the recreational use of cannabis this past November and use became legal Dec. 6. However, the state has until this December to draft final rules and grant the first licenses.

Here’s an early look at some of the players — of all sizes — in or trying to enter the cannabis space, including medical marijuana providers and those hoping to sell recreational products in what’s expected to be one of the nation’s most lucrative markets.

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Emerald Growth Partners

Location: Detroit

What they do: Founded by CEO Randall Buchman in 2018, the company is completing a 50,000-square-foot cultivation facility in Harrison Township and expects to hire as many as 60 employees once the grow operation is complete and licensed.

What they’re doing in Michigan: EGP also plans to build another 30,000-square-foot facility and a 10,000-square-foot processing lab in Harrison Township. The company is awaiting state prequalification for 12 provisioning centers throughout Michigan and has obtained or is seeking municipal approvals.

Harvest Health & Recreation

Location: Headquartered in Tempe, Ariz., the company has 140 facilities in 12 states and projects it will have more than 100 provisioning centers in 14 states by 2020.

What they do: Founded in 2011, with the first location in Phoenix, Ariz., the company operates cultivation, production, distribution and provisioning operations. The CEO of the company, which has 683 employees, is Steve White.

What they’re doing in Michigan: The company recently announced an $850 million deal to acquire Chicago-based Verano Holdings, which is pursuing licensing in Michigan as a cannabis provider. Harvest’s Website lists Bedford as a “coming soon” provisioning location.

Grown Rogue International Inc.

Location: Headquartered in Medford, Ore.

What they do: Founded in 2007 as a medical cannabis operation, the now-recreational marijuana provider has 11 locations and 45 employees in Oregon and California. The CEO is Obie Strickler.

What they’re doing in Michigan: Grown Rogue plans to open a 3,000-square-foot provisioning location in Midtown Detroit by the end of the year and a 1,500-square-foot location in Hazel Park by the third quarter. The company, in the final stages of state licensing, expects to convert a 19,000-square-foot Detroit warehouse to a cultivation center, also by third quarter. Plans include a cultivation center in Acme Township, near Traverse City, in first-quarter 2020, as well as possible locations in Ann Arbor and Saugatuck. Michigan operations initially would trade in medical marijuana, converting to recreational sales when the state allows it.

D. Savage LLC (DBA Viola Detroit)

Location: Headquartered in Detroit, the CEO is Al Harrington. The company has three employees but expects to have as many as 70 by the end of 2019.

What they do: Formed in 2017 and affiliated with Viola companies in Colorado, California and Oregon, the company holds a license for a Detroit provisioning center. The 1,500-square-foot center, expected to open this month in a 50,000-square-foot building on Jefferson Avenue, will be part of a larger operation there.

What they’re doing in Michigan: Pending state and local approvals, D. Savage expects to add a 5,000-square-foot processing center and as much as 43,000 square feet of growing space. The company is hoping to build a 5,000-square-foot provisioning center in Warren and is evaluating additional operations in Detroit and Ann Arbor.

Green Peak Innovations

Location: Headquartered in a 60,000-square-foot facility in Windsor Township, near Lansing.

What they do: Green Peak received pre-qualification from the state in July 2018 for cultivation, processing and provisioning center licenses, receiving the cultivation licenses in December and a processing license in February. The CEO is Jeff Radway.

What they’re doing in Michigan: Green Peak processed its first harvest last month and plans to open the first of 19 Skymint provisioning centers this summer at an undisclosed location.

Michigan Pure Med (DBA Common Citizen)

Location: The company, doing business as Common Citizen, was founded in 2016 and is headquartered in Detroit. Company CEO Michael Elias said plans are to relocate to Marshall by the end of the year.

What they do: Michigan Pure Med, which expects to employ 130 people by year’s end, operates 10 provisioning locations across the state, as well as two processing labs.

What they’re doing in Michigan: The company is building a 1.2-million-square-foot greenhouse in Marshall.

ACT Laboratories Inc.

Location: Headquartered in Lansing, the CEO and founder is Jeff Nemeth.

What they do: The company, incorporated in 2013, is a safety-testing lab that evaluates growers’ and processors’ marijuana for pesticides, microbials and other contaminants. ACT, which has 40 employees, also has testing laboratories in Ohio, Pennsylvania and Illinois and plans to open additional labs in California, Massachusetts and New York in the next several months.

What they’re doing in Michigan: The company operated a 5,000-square-foot lab in Michigan from 2013 until this past December, when ownership changes required ACT to reapply for a license. That lab is closed pending approvals.

Grassroots Cannabis

Location: The Chicago-based company was founded in 2014 by CEO Mitch Kahn.

What they do: Grassroots, which has 400 employees, operates in 11 states. The company grows, processes and sells cannabis products. Its retail brand is called Herbology.

What they’re doing in Michigan: Grassroots is trying to secure final approvals to bring Herbology locations to five Michigan communities: Warren, Ann Arbor, Battle Creek, Bangor and Portage. The company is considering adding other Michigan markets to its retail network.

The Reef

Location: Detroit

What they do: Established in 2015, the 5,000-square-foot provisioning center employs 24 people. Tony Czuchra has been CEO since 2018.

What they’re doing in Michigan: The provisioning center plans two to three additional locations and hopes to add growing and processing facilities in the future.

Utopia Gardens

Location: Detroit

What they do: Founded in 2017, the 3,000-square-foot provisioning center employs 14 people. Stuart Carter is the CEO.

What they’re doing in Michigan: Utopia Gardens sells edibles, flower and other medical marijuana products. The company is looking at retail expansion opportunities in Michigan and hopes to open growing and processing centers in Detroit in the next three to eight months.

Greenhouse

Location: Walled Lake

What they do: The Greenhouse, licensed in October 2018, opened for business Feb.1 as a 2,000-square-foot provisioning center. The CEO is Jerry Millen.

What they’re doing in Michigan: The company, which has 15 employees, offers cannabis products, including edibles, extracts, tinctures and topicals. Two more stores, expected to be in the 3,000-square-foot-to-5,000-square-foot range to handle recreational products in the future, are in the works. Plans are to operate a total of five to six stores, along with grow and processing operations, eventually.

Stearns Management LLC (DBA Mary Jane’s Therapeutics)

Location: Headquartered in Sterling Heights, the CEO is Candius Stearns.

What they do: The company is awaiting licensing for a 1,500-plant grow facility in Vassar. Stearns has a lease on a 20,000-square-foot vacant building to house the operation.

What they’re doing in Michigan: Once the grow operation is established, the company intends to add processing and provisioning businesses.

Arbors Cos.

Location: Headquartered in Ann Arbor, the group includes Arbors Wellness, founded in January 2017, and Arbor Kitchen, established in July 2017. The CEO of both companies is James Daly.

What they do: Arbor Kitchen operates a 2,880-square-foot processing facility that makes edibles sold at provisioning centers, including Arbors Wellness. Arbors Wellness operates a 4,736-square-foot store selling flower, cartridges and concentrates, in addition to edibles. Together, the separately located companies have 25 employees.

What they’re doing in Michigan: The group has completed construction of a 4,800-square-foot cultivation center in the Ann Arbor area. Pending local and state approvals, the group expects operations to begin at Arbor Farm in the next several months.

The Curing Corner

Location: River Rouge

What they do: Founded in May 2018, the 1,200-square-foot provisioning center sells flower, edibles, concentrates, patches and other products for medical marijuana patients. The CEO is Robert McKinnon.

What they’re doing in Michigan: The company, which has nine employees, is considering expanding operations to include additional provisioning outlets and possibly a growing operation.

LivWell Enlightened Health

Location: Headquartered in Denver, the company has 16 locations, including provisioning centers and production facilities, in Colorado and one in Oregon. The CEO of the company is John Lord, while the CEO of a Michigan affiliate it has established, LivWell Michigan, is Tom Lauzon.

What they do: Founded in 2009, LivWell’s customers include medical and recreational users. Products include edibles, topicals and concentrates. The company has more than 650 employees.

What they’re doing in Michigan: LivWell says its role in Michigan is that of a “licensing partner and part owner,” but the company will not identify specific business plans for the state yet.

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This article was first published on https://www.cannabisimp.com.

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