Marijuana microbusinesses are a hot trend across the country, giving small businesses a better chance of breaking into the lucrative cannabis market.
The marijuana microbusiness is catching fire. Michigan issued its first microbusiness license to Sticky Bush Farms in September 2020. Officials in New Mexico, which has made offering opportunities to as many entrepreneurs as possible a key component of its legal marijuana industry, are considering new rules to allow the state to make loans available to single-location microbusinesses.
New York officials also made microbusinesses part of the state's legal recreational cannabis program. State officials have set a goal that half of all microbusiness licenses will go to social and economic equity candidates.