Detroit’s second round of cannabis licensing opens Tuesday August 1st. Available licenses include: 30 cannabis retailers, 10 micro-businesses, and 10 consumption lounges. The application window ends on Thursday August 31st.

2022 was a brutal year for US cannabis companies and some cannabis investors. The leading public stocks lost 66% of their value. New Cannabis Ventures’ American Cannabis Operator Index ended the year at 14.25, 88% below its all-time high of 118.22 set a seeming lifetime ago on 4/1/19, just after the top multi-state operators (MSOs) went public in 2018.