Detroit Archives - Green Market Report

Debra BorchardtJanuary 6, 2023
Shutterstock_1874147278-1280x853.jpg

5min11920

Michigan-based Cloud Cannabis, began adult-use cannabis sales at its Detroit location, becoming one of the first dispensaries to do so in the city.

“Today marks the beginning of an exciting new period for both Cloud and the city of Detroit,” said Jacob Saboo, Co-Founder & Head of Retail at Cloud Cannabis. “We are proud to bring our premier retail experience to the city’s recreational customers, while sharing meaningful insights in cannabis education and a first-class portfolio of products with the local community. With big things ahead for Cloud in 2023, we couldn’t think of a better way to kick off the new year.”

Detroit Delays

While Michigan started adult-use sales in December 2019, municipalities had the right to opt-out. The college town of Ann Arbor embraced recreational cannabis with enthusiasm, while Detroit found itself mired in lawsuits that delayed a rollout.

“Our goal from the day voters approved the sale of adult use marijuana was to make sure we had a city ordinance and a process in place that provides fair and equitable access to these licenses and the courts have affirmed that we’ve done just that,” said Mayor Mike Duggan.  “Council President Pro-Tem Tate, and our Department of Civil Right, Inclusion & Opportunity and Law Department deserve a great deal of credit for making this historic day possible. The City’s ability to accept applications was delayed in July after two separate lawsuits were filed following City Council approval of the modified adult-use marijuana licensing ordinance in April, and a judge temporarily halted the process before reversing course and upholding the City’s ordinance.”

Council President Pro-Tem James Tate said, “Three months ago, a Wayne County Circuit Court judge declared our ordinance “unambiguous” and “a fair licensing process”. Despite clear rulings issued by the courts, various plaintiffs continue their frivolous attempts to dominate the adult-use cannabis industry in the city in an effort to leave Detroiters and other Social Equity applicants out of the market.” Judge Friedman ruled against the Temporary Restraining Order that would have prevented Detroit from moving forward with its current Adult-Use Marijuana Ordinance.

Ringing Up Sales

In addition to Cloud Cannabis, House of Dank also fired up sales in the Motor City this week. The company has two locations, one on 8 Mile and the other on Fort St.

“Going recreational in Detroit is a huge milestone for us,” Crystal Jamo, House of Dank’s general manager, told the Detroit Free Press. “Just because we’ve been waiting for it for so long that, like, ‘Pinch me, is it real?’”

Cloud Cannabis is located at 16001 Mack Ave. and situated on the border of Detroit and Grosse Pointe, Cloud’s Detroit dispensary offers flower, pre-roll, concentrate, and vape products from top-tier Michigan brands including Mitten Extracts, Wonderbrett, Stiiizy, Pressure Pack, Backpack Boyz, CREAM, Northcoast, and more. The company said a grand opening celebration event will come at a later date.

First 33

In December, the City of Detroit notified the first 33 successful applicants for adult-use marijuana retail licenses that they had been approved. The City’s Office of Marijuana Ventures & Entrepreneurship determined the following 13 non-equity applicants, and 20 equity applicants met all the necessary criteria to be awarded a license:


StaffDecember 22, 2022
daily-hit.jpg

4min17370

The Daily Hit is a recap of cannabis business news for Dec. 22, 2022.

ON THE SITE

Trulieve Settles Worker Death Investigation With OSHA

Florida-based Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced Thursday that it’s reached a deal with the federal government that will ramp up worker protections at its manufacturing facilities nationwide. The investigation stemmed from the death of Lorna McMurrey, a worker at a Trulieve facility in Massachusetts. Read more here.

D.C. Council Approves Massive Medical Marijuana Program Expansion

Councilors this week unanimously approved an enormous expansion of the medical marijuana program to ostensibly get quasi-legal “gifting” businesses into the licensed medical side of the trade. And it’s all a workaround to how Congress has prevented city leaders for the better part of a decade from standing up a fully recreational cannabis market. Read more here.

Detroit Awards 33 Marijuana Licenses After Yearslong Legal Battle

The city of Detroit on Thursday announced it had awarded marijuana licenses to 33 companies, capping a yearslong legal battle about who gets to sell recreational cannabis in the city. There were 90 applications for dispensaries, “micro facilities” that grow up to 100 plants, and consumption lounges in the first of three rounds of applications. Read more here.

MediPharm Labs, VIVO Cannabis to Merge

Canadian marijuana companies MediPharm (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) and VIVO Cannabis Inc. (TSX: VIVO) (OTCQB: VVCIF) are on track to merge next year in an all-equity deal, as long as shareholders and regulators approve. The newly combined company is projected to bring in $36.5 million in revenue per year and become profitable by the second half of 2024. Read more here.

IN OTHER NEWS

Trulieve Cannabis Corp.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) closed on a commercial loan secured by a cultivation and manufacturing facility located in West Virginia for aggregate gross proceeds of $18.9 million. Trulieve will pay interest at a fixed rate of 7.3% for the first five years of the 10-year loan. After five years, the rate resets at five-year Treasury plus 3.5% for the remainder of the loan. Read more here.

Deep Roots Harvest

Dispensary workers from Deep Roots Harvest in West Wendover, Nevada, voted this week to join United Food and Commercial Workers Local 711. The workers voted 14-to-8 in favor of the union. Deep Roots Harvest is the only dispensary in West Wendover. It sits on the border of Nevada and Utah, serving patients and customers from both states and visitors that pass through.


Get the latest cannabis news delivered right to your inbox

The Morning Rise

Unpack the industry with the daily cannabis newsletter for business leaders.

 Sign up


About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE



Recent Tweets

@GreenMarketRpt – 1 day

Goodness Growth Earnings Benefit from Arizona Exit, Minnesota Market Changes

@GreenMarketRpt – 1 day

Kentucky Becomes 38th State to Legalize Medical Marijuana

@GreenMarketRpt – 1 day

Clever Leaves Ekes Past Expectations, Losses Rise

Back to Top

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.

 Subscribe

By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. I can unsubscribe or change my email preferences at any time.