The city of Detroit received 90 applications for the 60 recreational marijuana licenses available in the first round, which include licenses for dispensaries, microbusinesses and consumption lounges.
Fifty non-equity and 40 equity applications were submitted by the deadline of Oct. 1, with 28 of the 40 equity applicants qualifying for Detroit Legacy status as well, Kim James, director of Detroit's office of marijuana ventures and entrepreneurship, said Wednesday.
The city will issue a total of 160 licenses in three phases. The 60 licenses that will be awarded in the first phase include 40 retail, 10 microbusiness and 10 consumption lounge licenses. Detroit started accepting applications for unlimited licenses — such as for growing or processing cannabis — in April.
(Originally posted by Cannabis News)