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Benzinga
Benzinga
Business
Maureen Meehan

Michigan Report: Detroit Needs More Land To Launch Cannabis Industry & Catch Up With Rest Of State

Detroit’s new recreational cannabis law, welcomed by many, has triggered a land grab and is pushing up prices for property zoned specifically for cannabis shops.

Recreational cannabis sales were finally approved, after months of delays, in an 8-1 vote in early April by Detroit's City Council. While the ordinance is equity-driven and meant to provide opportunities for Black and Brown Detroiters to become owners of cannabis businesses, the dearth of affordable land for weed dispensaries remains a hurdle for residents to get started.

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