The city of Detroit on Monday said it will start accepting applications for limited marijuana business licenses on August 1. These licenses will include dispensaries, microbusinesses and consumption lounges.
“We are thrilled to open the second round of licenses and continue creating business opportunities for Detroiters in the cannabis industry,” Kim James, director of marijuana ventures and entrepreneurship for the city, said in a statement. “Half of the recreational dispensaries we licensed in round one are majority owned by local Detroit residents and are operating and thriving, which sets us apart from many other equity programs nationwide that may have issued equity licenses but haven’t actually opened many businesses.”
Adult-use recreational marijuana sales in the city began in January after more than two years of lawsuits and ordinance rewrites that delayed the roll out.
During the first round, 33 applicants received licenses with many of them opening operations or selling recreational marijuana at their existing medical marijuana dispensaries. House of Dank on Front Street in the city was the first dispensary to begin selling recreational marijuana exclusively in January.
To read more, click on Crain’s Detroit