The multistate cannabis operator, Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) on Tuesday announced its plans to enter Michigan’s vibrant cannabis market with a fully funded dispensary, as well as cultivation and production facilities.
Through wholly owned subsidiaries, Body and Mind, which has been ramping up its operations and opportunities in the U.S. cannabis space over the past year, said it will leverage its expertise of navigating an often complex process by adding Michigan to its growing list of license successes.
Body and Mind is headquartered in Las Vegas, Nevada and Vancouver, British Columbia.
Michigan’s Lucrative Cannabis Market
“The billion-dollar Michigan market continues to break sales records on a consistent basis, and the decision to duplicate our successful vertically integrated model in such a thriving cannabis market was an easy one to make,” said Michael Mills, CEO of Body and Mind.
“Our team has been successful with securing locations for each facility and our license team has finalized local and state preapproval licenses for the dispensary, cultivation and production operations. We continue to assess numerous opportunities to bring the Body and Mind brand, award-winning product line and vertical expertise to the Michigan market and beyond.”
What To Expect In Michigan
Cultivation, Production Facilities
Body and Mind has leased a commercial building in Manistee, Michigan to develop a cultivation facility with 50,000 square feet of canopy as well as a production facility. Architectural plans are complete for phase one, which is planned for 20,000 square feet of canopy, 5,000 square feet of processing and 5,000 square feet of multi-use and office space. The second phase of development is planned for 30,000 square feet of canopy.
“Body and Mind has years of cultivation experience and strong genetics that we believe will