Detroit regulators issued 37 adult-use cannabis business licenses to retailers, microbusinesses and the city’s first consumption-venue operators.
In an effort to increase diversity and local ownership, Round 2 license winners included:
13 businesses majority-owned by African Americans. Five majority-owned by women. 21 majority-owned by Detroit residents.
ADVERTISEMENT
“These individuals and organizations have exhibited remarkable potential and commitment to operate successfully, while honoring the city’s diversity and equity goals,” Kim James, director of Detroit’s Office of Marijuana Ventures and Entrepreneurship (OMVE), said in a released statement.
“OMVE remains dedicated to facilitating a transparent and fair licensing process, ensuring that all applicants have an equal opportunity to participate in this growing industry.”
Round 2 licenses were granted nearly a year after Detroit issued its first 33 retail licenses.
Those initial licenses were issued four years after recreational cannabis sales began in Michigan.
The state’s voters approved an
Read full article on Marijuana Business Daily
