Michigan has seen a dispensary boom in the last six months. While a few dozen licenses have lapsed – resulting in store closings – 120 new companies have entered the market, as 289 companies held cannabis licenses as of the end of December 2020, while 163 business names were registered in July. You can download our datafile here.
Michigan operates two separate tracks for medical and adult-use licensing, so many companies obtain both medical and adult-use licenses for the same location.
The ownership structures of many cannabis retail locations are complicated, often with nested, multiple LLCs, or individual owners that own multiple locations under different company names. Here we dove into the data to learn more about the state of the market.
The biggest owners of locations include:
- Victor and Sahira Kattoula, who own 12 retail locations. They use many different business names, such as Green Skies, 3Fifteen, and Green Roots.
- Lume Holding Company, led by Douglas Hellyar, with 10 locations.
- Jeffrey Radler leads a group that owns seven locations under the names Greak Peak Industries and Skymint.
- Steven Weisman and Mitchell Kahn, who own seven medical provisioning centers under the company name Herbology. They are the founders and operators of Chicago-based Grassroots Cannabis.
- Michigan Supply & Provisions, owned by Ascend Wellness, with seven locations.
- Gage Cannabis with 6 locations, owned by David Malinkowski
- Steven and Jared Rapp, who own five locations under various names, including Pure Options and Stateside Wellness.
- Common Citizen, led by Michael Elias, with five locations
- Brandon Dabish, who owns four locations under various names, including Fire Creek and Bay City Provisioning.