Detroit has issued 37 new recreational marijuana business licenses, including the city's first consumption lounge. The licenses aim to promote equity, with a significant number earmarked for African Americans, women, and Detroit residents. The Office of Marijuana Ventures and Entrepreneurship (OMVE) encourages unsuccessful applicants to continue pursuing opportunities. This is the second round of licenses after the initial 33 were granted last year. Detroit's recreational marijuana retailers face a 10% state excise tax, and revenue distribution from the Marihuana Regulation Fund will be announced soon. TerrAscend Corp. (OTCQX:TSNDF), through its subsidiary Gage Cannabis, supports social equity in the industry by granting funds to Midwest CannaNurses, a Detroit-based education consulting business.