Detroit to accept applications for second wave of recreational marijuana retail licenses
The City of Detroit 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. 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." said Kim James, Director of Marijuana Ventures & Entrepreneurship.
Prospective applicants have until August 31 to submit their proposals. Decisions will be made six to eight weeks after the deadline. Marijuana business licenses provided by the City of Detroit are valid for one year. Licensees must obtain a state operating license from the Cannabis Regulatory Agency before starting operations.
In this round, there are 30 licenses for marijuana retailers, 10 licenses for microbusinesses, and 10 licenses for consumption lounges. Equity applicants receive half of all licenses. An equity applicant is either an individual whose primary residence is located within a disproportionately impacted community, or an entity in which at least one or more of such individuals owns and controls at least 51 percent.
To learn more about the Office of Marijuana Ventures & Entrepreneurship please visit HomeGrownDetroit.org.