
The answer
Budget $250,000–$750,000 or more all-in for a Michigan dispensary: a $15,000 adult-use retailer license fee, $50,000–$300,000 for build-out depending on building condition and finish level, plus real estate acquisition or lease deposits, security systems, insurance, seed-to-sale software and roughly six months of working capital before revenue stabilizes.
Where the money goes
The state license fee is the smallest line item. The CRA charges $15,000 for an adult-use retailer license, a fixed and published figure. Everything else is negotiated and site-specific: the building itself, the security package the ordinance requires, and the months of overhead a new store carries before traffic builds.
Build-out cost swings the widest. A shell that already has retail-grade electrical, ADA-compliant restrooms and a vault-ready back room can be finished for well under $100,000. A former restaurant or big-box space with no security infrastructure and heavy code deficiencies can run past $400,000 before the first sale.
Real estate is a separate budget line from licensing
Green-zoned retail space in an opted-in municipality carries a scarcity premium over comparable non-cannabis retail, because the buildable universe is capped by zoning and by any municipal license cap. Expect to pay more per square foot for a parcel that clears the buffer, zoning and opt-in tests than for an identical building that does not.
Sources
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More michigan licensing & zoning answers
- How much is a cannabis license in Michigan?
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- What is a green zone and how do I find one in Michigan?
- What is the difference between opting in and opting out in Michigan?
- How far does a dispensary have to be from a school in Michigan?
- How is the 1,000-foot school buffer measured in Michigan?
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