Some businesses in Detroit are going up in smoke— in a good way—as the City of Detroit has announced that it has granted cannabis licenses to 37 applicants. Thirteen of those have gone to businesses that are Black majority-owned, five to companies owned by a majority of women, and 21 that are owned by residents of Detroit.
“Just shy of a year ago, the City of Detroit awarded its first round of adult-use limited licenses, which saw a little more than 50% of adult-use limited licenses awarded to Detroit residents who are the majority owners of their businesses,” said City Council President Pro Temp James Tate in a written statement.
“Of those newly licensed business owners in ‘Round One,’ 16 are African American. Today, we continue the progressive expansion of our cannabis industry with the announcement of ‘Round Two’ awardees. Congratulations to all those who persevered through a gauntlet of challenges to get to this point, and I am excited for the future as we continue to provide legitimate opportunities for Detroiters within an industry that previously shut them out.”
The City of Detroit’s Office of Marijuana Ventures and Entrepreneurship (OMVE) has stated that the licenses distributed in this second round went to the businesses that have demonstrated the potential to be successful in this field. This round includes businesses that will become adult-use cannabis retailers, microbusinesses, and designated consumption establishment licenses.
Read more at blackenterprise.com