Marijuana companies lay off hundreds, retrench amid economic woes

While business around the world shuttered as COVID-19 spread, the marijuana industry was deemed “essential” in nearly 30 states and stood to gain from the pandemic.

But more than two years later, amid rising inflation and fears of a recession, North American cannabis companies are cutting hundreds of jobs, closing retail outlets and cultivation facilities or shuttering altogether.

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Detroit finally begins adult-use cannabis business licensing

After years of waiting, Detroit is now accepting applications for adult-use cannabis business licenses for retailers, microbusinesses, and consumption lounges.

The application window for adult-use business licenses opened Sept. 1 and closes Oct. 1.

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