Detroit Finally Opens Second Round Of Marijuana Licenses With Equity Focus
Portfolio Pulse from Nicolás Jose Rodriguez
Detroit is set to accept applications for the second round of limited marijuana business licenses, with half reserved for 'equity applicants'. The round offers 30 marijuana retailer licenses, 10 microbusiness licenses, and 10 consumption lounge licenses. The city is working to reduce zoning restrictions and guide applicants. Successful candidates will be notified six to eight weeks after the August 31 deadline. The article also mentions several cannabis-related ETFs.
August 04, 2023 | 10:37 am
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The Amplify Seymour Cannabis ETF (CNBS) is mentioned in the context of investing in the cannabis industry.
The news about Detroit opening up more marijuana licenses could potentially boost the cannabis industry, which may positively impact the Amplify Seymour Cannabis ETF (CNBS).
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The ETFMG Alternative Harvest (MJ) is mentioned in the context of investing in the cannabis industry.
The news about Detroit opening up more marijuana licenses could potentially boost the cannabis industry, which may positively impact the ETFMG Alternative Harvest (MJ).
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The Global X Cannabis ETF (POTX) is mentioned in the context of investing in the cannabis industry.
The news about Detroit opening up more marijuana licenses could potentially boost the cannabis industry, which may positively impact the Global X Cannabis ETF (POTX).
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The AXS Cannabis ETF (THCX) is mentioned in the context of investing in the cannabis industry.
The news about Detroit opening up more marijuana licenses could potentially boost the cannabis industry, which may positively impact the AXS Cannabis ETF (THCX).
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The Cambria Cannabis ETF (TOKE) is mentioned in the context of investing in the cannabis industry.
The news about Detroit opening up more marijuana licenses could potentially boost the cannabis industry, which may positively impact the Cambria Cannabis ETF (TOKE).
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The AdvisorShares Pure Cannabis ETF (YOLO) is mentioned in the context of investing in the cannabis industry.
The news about Detroit opening up more marijuana licenses could potentially boost the cannabis industry, which may positively impact the AdvisorShares Pure Cannabis ETF (YOLO).
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50